Bank of Montreal Can Buys 55,487 Shares of Taylor Morrison Home Corp (NYSE:TMHC)

Bank of Montreal Can grew its stake in Taylor Morrison Home Corp (NYSE:TMHC) by 3,161.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,242 shares of the construction company’s stock after purchasing an additional 55,487 shares during the quarter. Bank of Montreal Can’s holdings in Taylor Morrison Home were worth $1,171,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in Taylor Morrison Home by 92.0% during the first quarter. BlackRock Inc. now owns 17,492,399 shares of the construction company’s stock worth $192,415,000 after acquiring an additional 8,381,898 shares during the period. State Street Corp lifted its holdings in Taylor Morrison Home by 65.0% during the first quarter. State Street Corp now owns 5,118,297 shares of the construction company’s stock worth $56,301,000 after acquiring an additional 2,016,886 shares during the period. Principal Financial Group Inc. lifted its holdings in Taylor Morrison Home by 1,796.8% during the first quarter. Principal Financial Group Inc. now owns 1,441,875 shares of the construction company’s stock worth $15,860,000 after acquiring an additional 1,365,860 shares during the period. Invesco Ltd. lifted its holdings in Taylor Morrison Home by 628.1% during the first quarter. Invesco Ltd. now owns 1,417,145 shares of the construction company’s stock worth $15,589,000 after acquiring an additional 1,222,520 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Taylor Morrison Home by 41.8% during the first quarter. Bank of New York Mellon Corp now owns 3,364,072 shares of the construction company’s stock worth $37,005,000 after acquiring an additional 992,497 shares during the period. Institutional investors own 98.07% of the company’s stock.

A number of analysts have issued reports on TMHC shares. JPMorgan Chase & Co. raised Taylor Morrison Home from a “neutral” rating to an “overweight” rating and set a $27.00 target price for the company in a research report on Thursday, June 11th. Zacks Investment Research downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Thursday, August 13th. ValuEngine raised Taylor Morrison Home from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 22nd. BTIG Research raised Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Tuesday, July 21st. Finally, B. Riley lifted their price target on Taylor Morrison Home from $25.00 to $28.00 in a research report on Tuesday, July 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. Taylor Morrison Home has an average rating of “Hold” and a consensus price target of $22.71.

Taylor Morrison Home stock opened at $24.32 on Wednesday. Taylor Morrison Home Corp has a 52 week low of $6.39 and a 52 week high of $28.47. The business has a 50-day simple moving average of $24.20 and a 200 day simple moving average of $18.59. The company has a quick ratio of 1.18, a current ratio of 8.12 and a debt-to-equity ratio of 1.10. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 17.62 and a beta of 1.78.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Thursday, July 30th. The construction company reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.02. Taylor Morrison Home had a return on equity of 12.03% and a net margin of 2.86%. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.54 billion. On average, research analysts anticipate that Taylor Morrison Home Corp will post 2.65 earnings per share for the current year.

About Taylor Morrison Home

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family and multi-family attached and detached homes; and develops lifestyle and master-planned communities. It operates under the Taylor Morrison and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.

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

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