Highland Capital Management LLC Has $299,000 Stake in Taylor Morrison Home Co. (NYSE:TMHC)

Highland Capital Management LLC grew its holdings in Taylor Morrison Home Co. (NYSE:TMHC) by 11.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,250 shares of the construction company’s stock after buying an additional 431 shares during the period. Highland Capital Management LLC’s holdings in Taylor Morrison Home were worth $299,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TMHC. V Square Quantitative Management LLC bought a new position in shares of Taylor Morrison Home during the third quarter worth approximately $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Taylor Morrison Home during the second quarter worth approximately $31,000. UMB Bank n.a. increased its stake 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 during the period. Fidelis Capital Partners LLC bought a new position in shares of Taylor Morrison Home during the first quarter worth approximately $82,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Taylor Morrison Home during the first quarter worth approximately $91,000. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Trading Up 0.2 %

Shares of TMHC opened at $68.52 on Monday. Taylor Morrison Home Co. has a 52-week low of $37.23 and a 52-week high of $71.95. The business’s fifty day moving average is $67.58 and its 200-day moving average is $61.66. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.67 and a current ratio of 6.01. The firm has a market cap of $7.25 billion, a price-to-earnings ratio of 9.80 and a beta of 1.96.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.31. Taylor Morrison Home had a return on equity of 14.99% and a net margin of 9.92%. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the company posted $1.62 EPS. The company’s revenue for the quarter was up 26.6% compared to the same quarter last year. Equities analysts anticipate that Taylor Morrison Home Co. will post 8.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TMHC has been the topic of a number of recent research reports. Barclays increased their target price on Taylor Morrison Home from $72.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday. BTIG Research raised their price objective on Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday. Raymond James began coverage on Taylor Morrison Home in a research note on Wednesday, July 24th. They set an “outperform” rating and a $75.00 price objective on the stock. StockNews.com upgraded Taylor Morrison Home from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Royal Bank of Canada raised their price objective on Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $75.83.

Taylor Morrison Home Company Profile

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.