8,248 Shares in Taylor Morrison Home Corporation $TMHC Acquired by MQS Management LLC

MQS Management LLC acquired a new stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 8,248 shares of the construction company’s stock, valued at approximately $544,000.

Several other hedge funds also recently bought and sold shares of the business. ORG Partners LLC bought a new stake in shares of Taylor Morrison Home during the third quarter worth $26,000. Root Financial Partners LLC purchased a new position in Taylor Morrison Home in the 3rd quarter worth about $27,000. Atlantic Union Bankshares Corp bought a new stake in Taylor Morrison Home during the 2nd quarter valued at about $28,000. AlphaCore Capital LLC bought a new stake in Taylor Morrison Home during the 2nd quarter valued at about $37,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Taylor Morrison Home in the 3rd quarter valued at about $49,000. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Trading Up 2.8%

Shares of NYSE:TMHC opened at $66.41 on Wednesday. The company has a market capitalization of $6.49 billion, a PE ratio of 8.00 and a beta of 1.59. The company has a current ratio of 7.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.35. Taylor Morrison Home Corporation has a 12-month low of $51.90 and a 12-month high of $72.50. The business’s fifty day simple moving average is $61.87 and its 200-day simple moving average is $63.28.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, February 11th. The construction company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.18. Taylor Morrison Home had a return on equity of 15.23% and a net margin of 10.16%.The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $1.95 billion. As a group, equities research analysts predict that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

TMHC has been the topic of a number of research reports. Barclays reaffirmed an “overweight” rating and set a $71.00 target price on shares of Taylor Morrison Home in a research report on Monday, December 8th. Zacks Research downgraded Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Citigroup started coverage on Taylor Morrison Home in a report on Wednesday, January 7th. They issued an “outperform” rating for the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Taylor Morrison Home in a research report on Monday, December 29th. Finally, Citizens Jmp started coverage on Taylor Morrison Home in a research note on Wednesday, January 7th. They set a “market outperform” rating and a $95.00 price target on the stock. Eight research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $77.14.

Taylor Morrison Home Profile

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company’s portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company’s heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.