Leuthold Group LLC Lowers Stock Position in Taylor Morrison Home Co. (NYSE:TMHC)

Leuthold Group LLC trimmed its stake in Taylor Morrison Home Co. (NYSE:TMHC) by 3.6% during the third quarter, Holdings Channel.com reports. The fund owned 80,823 shares of the construction company’s stock after selling 2,987 shares during the period. Leuthold Group LLC’s holdings in Taylor Morrison Home were worth $5,679,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in TMHC. V Square Quantitative Management LLC acquired a new position in Taylor Morrison Home during the 3rd quarter worth about $29,000. UMB Bank n.a. lifted its position in shares of Taylor Morrison Home by 263.9% during the third quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock worth $38,000 after purchasing an additional 388 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Taylor Morrison Home in the second quarter valued at approximately $31,000. Fidelis Capital Partners LLC purchased a new position in shares of Taylor Morrison Home in the first quarter valued at approximately $82,000. Finally, Meeder Asset Management Inc. purchased a new stake in Taylor Morrison Home during the 1st quarter worth approximately $91,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Taylor Morrison Home Trading Up 0.2 %

NYSE:TMHC opened at $68.52 on Monday. Taylor Morrison Home Co. has a 1 year low of $37.23 and a 1 year high of $71.95. The stock has a market cap of $7.14 billion, a P/E ratio of 9.06 and a beta of 1.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24. The stock has a 50-day simple moving average of $67.58 and a 200-day simple moving average of $61.66.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.31. The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $1.96 billion. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. The firm’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.62 earnings per share. As a group, analysts anticipate that Taylor Morrison Home Co. will post 8.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on TMHC. BTIG Research raised their price target on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday. Royal Bank of Canada boosted their target price on Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday. Raymond James assumed coverage on Taylor Morrison Home in a report on Wednesday, July 24th. They set an “outperform” rating and a $75.00 price target on the stock. StockNews.com upgraded Taylor Morrison Home from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Barclays upped their target price on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $75.83.

About Taylor Morrison Home

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.