Parametrica Management Ltd acquired a new position in shares of Taylor Morrison Home Corp (NASDAQ:TMHC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,576 shares of the construction company’s stock, valued at approximately $255,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in TMHC. Vanguard Group Inc. boosted its holdings in Taylor Morrison Home Corp by 72.8% during the 2nd quarter. Vanguard Group Inc. now owns 7,031,797 shares of the construction company’s stock valued at $168,834,000 after acquiring an additional 2,962,990 shares during the period. BlackRock Inc. lifted its holdings in Taylor Morrison Home Corp by 51.5% in the 2nd quarter. BlackRock Inc. now owns 6,585,230 shares of the construction company’s stock worth $158,111,000 after buying an additional 2,239,679 shares during the period. FMR LLC lifted its holdings in Taylor Morrison Home Corp by 12.8% in the 2nd quarter. FMR LLC now owns 6,566,150 shares of the construction company’s stock worth $157,654,000 after buying an additional 744,914 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Taylor Morrison Home Corp by 76.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,501,577 shares of the construction company’s stock worth $84,072,000 after buying an additional 1,519,523 shares during the period. Finally, Greenhaven Associates Inc. lifted its holdings in Taylor Morrison Home Corp by 94.9% in the 3rd quarter. Greenhaven Associates Inc. now owns 2,526,244 shares of the construction company’s stock worth $55,704,000 after buying an additional 1,229,844 shares during the period.
In other Taylor Morrison Home Corp news, insider C. David Cone sold 35,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $23.79, for a total transaction of $832,650.00. Following the completion of the sale, the insider now owns 42,511 shares in the company, valued at $1,011,336.69. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Taylor Morrison Home Corp (NASDAQ TMHC) traded up $0.05 during mid-day trading on Monday, hitting $22.98. The stock had a trading volume of 1,466,700 shares, compared to its average volume of 1,131,146. Taylor Morrison Home Corp has a 1 year low of $18.26 and a 1 year high of $24.79.
Taylor Morrison Home Corp (NASDAQ:TMHC) last issued its quarterly earnings data on Wednesday, November 1st. The construction company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.04. The company had revenue of $908.00 million for the quarter, compared to analysts’ expectations of $914.19 million. Taylor Morrison Home Corp had a return on equity of 9.57% and a net margin of 6.16%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 earnings per share.
Taylor Morrison Home Corp declared that its board has initiated a stock repurchase plan on Monday, September 18th that permits the company to repurchase $43.60 million in outstanding shares. This repurchase authorization permits the construction company to purchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
Several equities research analysts have weighed in on TMHC shares. ValuEngine cut Taylor Morrison Home Corp from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd. BidaskClub raised Taylor Morrison Home Corp from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 12th. B. Riley reissued a “neutral” rating on shares of Taylor Morrison Home Corp in a report on Thursday, November 2nd. Zacks Investment Research lowered Taylor Morrison Home Corp from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Finally, Deutsche Bank AG lifted their target price on Taylor Morrison Home Corp from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Monday, August 7th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $24.00.
Taylor Morrison Home Corp 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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