Victory Capital Management Inc. raised its holdings in shares of Taylor Morrison Home Corp (NASDAQ:TMHC) by 17.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,429 shares of the construction company’s stock after buying an additional 1,114 shares during the period. Victory Capital Management Inc.’s holdings in Taylor Morrison Home Corp were worth $178,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Swiss National Bank boosted its position in Taylor Morrison Home Corp by 75.8% during the first quarter. Swiss National Bank now owns 89,300 shares of the construction company’s stock valued at $1,904,000 after buying an additional 38,500 shares during the period. Credit Agricole S A purchased a new stake in shares of Taylor Morrison Home Corp during the first quarter worth about $5,757,000. Hancock Holding Co. purchased a new stake in shares of Taylor Morrison Home Corp during the first quarter worth about $204,000. Marshall Wace North America L.P. boosted its holdings in shares of Taylor Morrison Home Corp by 761.2% during the second quarter. Marshall Wace North America L.P. now owns 260,715 shares of the construction company’s stock worth $6,257,000 after purchasing an additional 230,440 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Taylor Morrison Home Corp by 1,670.1% during the first quarter. JPMorgan Chase & Co. now owns 1,021,480 shares of the construction company’s stock worth $21,778,000 after purchasing an additional 963,772 shares during the period.

Shares of Taylor Morrison Home Corp (NASDAQ:TMHC) opened at 20.90 on Friday. The firm has a 50-day moving average of $21.26 and a 200 day moving average of $22.43. Taylor Morrison Home Corp has a one year low of $15.82 and a one year high of $24.79. The stock has a market capitalization of $1.52 billion and a price-to-earnings ratio of 12.58.

Taylor Morrison Home Corp (NASDAQ:TMHC) last released its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.08. The company had revenue of $908.49 million during the quarter, compared to analysts’ expectations of $849.70 million. Taylor Morrison Home Corp had a net margin of 6.16% and a return on equity of 9.57%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.37 EPS. On average, equities research analysts predict that Taylor Morrison Home Corp will post $1.93 EPS for the current year.

Taylor Morrison Home Corp announced that its Board of Directors has authorized a stock repurchase program on Monday, September 18th that allows the company to repurchase $43.60 million in shares. This repurchase authorization allows the construction company to buy up to 2.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

A number of research firms have recently weighed in on TMHC. Zacks Investment Research upgraded shares of Taylor Morrison Home Corp from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Tuesday, July 4th. ValuEngine upgraded shares of Taylor Morrison Home Corp from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. BidaskClub lowered shares of Taylor Morrison Home Corp from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Finally, Deutsche Bank AG increased their target price on shares of Taylor Morrison Home Corp from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Monday, August 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $24.00.

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Taylor Morrison Home Corp Company Profile

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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