OP Asset Management Ltd Invests $835,000 in Taylor Morrison Home Corporation $TMHC

OP Asset Management Ltd bought a new position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,333 shares of the construction company’s stock, valued at approximately $835,000.

Several other large investors have also recently bought and sold shares of the business. AQR Capital Management LLC raised its stake in Taylor Morrison Home by 67.6% in the fourth quarter. AQR Capital Management LLC now owns 3,710,885 shares of the construction company’s stock valued at $218,274,000 after buying an additional 1,497,329 shares in the last quarter. Norges Bank acquired a new position in shares of Taylor Morrison Home during the 4th quarter worth about $84,994,000. Assenagon Asset Management S.A. increased its holdings in shares of Taylor Morrison Home by 96.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 2,554,498 shares of the construction company’s stock valued at $148,774,000 after acquiring an additional 1,251,558 shares during the last quarter. M&T Bank Corp lifted its stake in Taylor Morrison Home by 28,246.3% during the fourth quarter. M&T Bank Corp now owns 1,058,169 shares of the construction company’s stock worth $62,294,000 after purchasing an additional 1,054,436 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Taylor Morrison Home by 360.1% during the third quarter. Alliancebernstein L.P. now owns 1,284,221 shares of the construction company’s stock worth $84,771,000 after purchasing an additional 1,005,116 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Trading Down 0.0%

NYSE:TMHC opened at $71.78 on Tuesday. The company has a market capitalization of $6.71 billion, a PE ratio of 10.71, a price-to-earnings-growth ratio of 1.69 and a beta of 1.47. Taylor Morrison Home Corporation has a 52-week low of $54.15 and a 52-week high of $72.50. The stock has a fifty day simple moving average of $64.66 and a 200-day simple moving average of $62.72. The company has a quick ratio of 1.45, a current ratio of 7.66 and a debt-to-equity ratio of 0.37.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, April 22nd. The construction company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.30. Taylor Morrison Home had a net margin of 8.77% and a return on equity of 11.48%. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the business posted $2.07 earnings per share. The firm’s quarterly revenue was down 26.8% compared to the same quarter last year. On average, equities research analysts expect that Taylor Morrison Home Corporation will post 5.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Raymond James Financial lowered shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research note on Friday. Wolfe Research cut shares of Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a report on Wednesday, June 10th. Zacks Research raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 22nd. Royal Bank Of Canada lowered shares of Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and lifted their price target for the stock from $69.00 to $72.50 in a research note on Tuesday, June 2nd. Finally, Citigroup cut shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research report on Monday, June 1st. Three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, Taylor Morrison Home currently has a consensus rating of “Hold” and an average target price of $76.86.

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.