Artemis Investment Management LLP decreased its stake in shares of Taylor Morrison Home Corp (NASDAQ:TMHC) by 1.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 318,500 shares of the construction company’s stock after selling 5,800 shares during the period. Artemis Investment Management LLP owned approximately 0.54% of Taylor Morrison Home Corp worth $7,649,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of TMHC. FMR LLC raised its stake in Taylor Morrison Home Corp by 28.0% in the first quarter. FMR LLC now owns 5,821,236 shares of the construction company’s stock valued at $124,109,000 after buying an additional 1,271,702 shares during the last quarter. BlackRock Inc. raised its stake in Taylor Morrison Home Corp by 148,720.2% in the first quarter. BlackRock Inc. now owns 4,345,551 shares of the construction company’s stock valued at $92,647,000 after buying an additional 4,342,631 shares during the last quarter. Credit Suisse AG raised its stake in Taylor Morrison Home Corp by 6,375.5% in the first quarter. Credit Suisse AG now owns 4,236,914 shares of the construction company’s stock valued at $90,331,000 after buying an additional 4,171,484 shares during the last quarter. Vanguard Group Inc. raised its stake in Taylor Morrison Home Corp by 78.9% in the first quarter. Vanguard Group Inc. now owns 4,068,807 shares of the construction company’s stock valued at $86,747,000 after buying an additional 1,794,941 shares during the last quarter. Finally, Donald Smith & CO. Inc. acquired a new stake in Taylor Morrison Home Corp during the first quarter valued at about $71,232,000.

Shares of Taylor Morrison Home Corp (NASDAQ TMHC) opened at 20.47 on Friday. The stock has a market capitalization of $1.48 billion and a price-to-earnings ratio of 12.32. Taylor Morrison Home Corp has a 12-month low of $15.82 and a 12-month high of $24.79. The stock’s 50 day moving average is $22.27 and its 200-day moving average is $22.33.

Taylor Morrison Home Corp (NASDAQ:TMHC) last released its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.08. Taylor Morrison Home Corp had a net margin of 6.16% and a return on equity of 9.57%. The firm had revenue of $908.49 million during the quarter, compared to analysts’ expectations of $849.70 million. During the same period in the previous year, the company earned $0.37 EPS. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, analysts expect that Taylor Morrison Home Corp will post $1.94 earnings per share for the current year.

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Several analysts have issued reports on TMHC shares. BidaskClub lowered shares of Taylor Morrison Home Corp from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. ValuEngine upgraded shares of Taylor Morrison Home Corp from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Deutsche Bank AG upped their price target on shares of Taylor Morrison Home Corp from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Monday, August 7th. Finally, Zacks Investment Research upgraded shares of Taylor Morrison Home Corp from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Taylor Morrison Home Corp presently has an average rating of “Hold” and an average price target of $23.00.

About Taylor Morrison Home Corp

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

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