Ramsey Quantitative Systems Buys Shares of 14,332 Taylor Morrison Home Corp (TMHC)

Ramsey Quantitative Systems bought a new stake in shares of Taylor Morrison Home Corp (NASDAQ:TMHC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,332 shares of the construction company’s stock, valued at approximately $344,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. UBS Group AG lifted its stake in Taylor Morrison Home Corp by 4.7% during the first quarter. UBS Group AG now owns 6,909 shares of the construction company’s stock valued at $147,000 after purchasing an additional 307 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Taylor Morrison Home Corp by 20.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,409 shares of the construction company’s stock valued at $154,000 after purchasing an additional 1,110 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Taylor Morrison Home Corp by 17.6% during the second quarter. Victory Capital Management Inc. now owns 7,429 shares of the construction company’s stock valued at $178,000 after purchasing an additional 1,114 shares during the last quarter. Paloma Partners Management Co lifted its stake in Taylor Morrison Home Corp by 10.5% during the first quarter. Paloma Partners Management Co now owns 11,808 shares of the construction company’s stock valued at $251,000 after purchasing an additional 1,126 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its stake in Taylor Morrison Home Corp by 7.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 19,182 shares of the construction company’s stock valued at $409,000 after purchasing an additional 1,363 shares during the last quarter.

Several analysts recently commented on TMHC shares. Zacks Investment Research raised shares of Taylor Morrison Home Corp from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Tuesday, July 4th. ValuEngine raised shares of Taylor Morrison Home Corp from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. BidaskClub lowered shares of Taylor Morrison Home Corp from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Deutsche Bank AG increased their target price on shares of Taylor Morrison Home Corp from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, August 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $24.00.

Taylor Morrison Home Corp (TMHC) traded down 0.38% during midday trading on Friday, reaching $20.90. 728,127 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $21.26 and its 200 day moving average is $22.43. Taylor Morrison Home Corp has a 1-year low of $15.82 and a 1-year high of $24.79. The stock has a market cap of $1.52 billion and a P/E ratio of 12.58.

Taylor Morrison Home Corp (NASDAQ:TMHC) last issued its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.08. Taylor Morrison Home Corp had a net margin of 6.16% and a return on equity of 9.57%. The firm had revenue of $908.49 million during the quarter, compared to analysts’ expectations of $849.70 million. During the same quarter in the previous year, the company earned $0.37 earnings per share. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. Equities analysts anticipate that Taylor Morrison Home Corp will post $1.93 earnings per share for the current fiscal year.

Taylor Morrison Home Corp declared that its Board of Directors has authorized a share buyback plan on Monday, September 18th that authorizes the company to repurchase $43.60 million in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 2.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

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Taylor Morrison Home Corp Company Profile

Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).

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Institutional Ownership by Quarter for Taylor Morrison Home Corp (NASDAQ:TMHC)

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