NWQ Investment Management Company LLC Boosts Stake in Taylor Morrison Home Corporation (TMHC)

NWQ Investment Management Company LLC increased its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 2.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,229,932 shares of the construction company’s stock after acquiring an additional 52,934 shares during the period. NWQ Investment Management Company LLC owned approximately 1.87% of Taylor Morrison Home worth $49,170,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Ameritas Investment Partners Inc. increased its holdings in Taylor Morrison Home by 62.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,369 shares of the construction company’s stock worth $129,000 after acquiring an additional 2,060 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Taylor Morrison Home by 20.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,409 shares of the construction company’s stock worth $154,000 after buying an additional 1,110 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of Taylor Morrison Home by 52.9% in the 2nd quarter. Great West Life Assurance Co. Can now owns 6,882 shares of the construction company’s stock worth $165,000 after buying an additional 2,382 shares during the last quarter. UBS Group AG increased its holdings in shares of Taylor Morrison Home by 4.7% in the 1st quarter. UBS Group AG now owns 6,909 shares of the construction company’s stock worth $147,000 after buying an additional 307 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Taylor Morrison Home by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 7,429 shares of the construction company’s stock worth $178,000 after buying an additional 1,114 shares during the last quarter. 59.19% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider C. David Cone sold 20,000 shares of the company’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $22.83, for a total value of $456,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.40% of the stock is currently owned by corporate insiders.

TMHC has been the topic of a number of research analyst reports. BidaskClub raised shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a report on Wednesday, October 4th. ValuEngine lowered shares of Taylor Morrison Home from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd. Finally, B. Riley reissued a “neutral” rating on shares of Taylor Morrison Home in a report on Thursday, November 2nd. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $24.00.

Shares of Taylor Morrison Home Corporation (NYSE:TMHC) traded down $0.27 during trading hours on Thursday, hitting $23.39. 486,300 shares of the stock were exchanged, compared to its average volume of 1,138,093. The company has a market cap of $2,828.72, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 1.07 and a beta of 1.47. Taylor Morrison Home Corporation has a 1 year low of $18.26 and a 1 year high of $24.79. The company has a quick ratio of 0.81, a current ratio of 6.85 and a debt-to-equity ratio of 0.63.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, November 1st. The construction company reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.04. Taylor Morrison Home had a net margin of 2.41% and a return on equity of 4.18%. The firm had revenue of $908.00 million for the quarter, compared to analyst estimates of $914.19 million. During the same quarter in the prior year, the firm earned $0.49 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. research analysts forecast that Taylor Morrison Home Corporation will post 1.84 earnings per share for the current fiscal year.

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About Taylor Morrison Home

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).

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

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