Cornerstone Select Advisors LLC Buys Shares of 24,015 Taylor Morrison Home Co. (NYSE:TMHC)

Cornerstone Select Advisors LLC bought a new position in Taylor Morrison Home Co. (NYSE:TMHC) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 24,015 shares of the construction company’s stock, valued at approximately $1,470,000. Taylor Morrison Home makes up about 1.4% of Cornerstone Select Advisors LLC’s portfolio, making the stock its 23rd largest holding.

Several other hedge funds also recently modified their holdings of TMHC. CIBC Asset Management Inc lifted its holdings in Taylor Morrison Home by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company’s stock worth $202,000 after purchasing an additional 173 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Taylor Morrison Home by 1.2% in the fourth quarter. Pacer Advisors Inc. now owns 15,428 shares of the construction company’s stock worth $944,000 after buying an additional 180 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Taylor Morrison Home by 43.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock worth $49,000 after buying an additional 243 shares during the period. Smartleaf Asset Management LLC grew its stake in Taylor Morrison Home by 41.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company’s stock valued at $51,000 after buying an additional 243 shares during the last quarter. Finally, Savant Capital LLC raised its holdings in Taylor Morrison Home by 5.3% in the 4th quarter. Savant Capital LLC now owns 5,012 shares of the construction company’s stock worth $307,000 after acquiring an additional 251 shares during the period. Institutional investors and hedge funds own 95.16% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TMHC shares. Royal Bank of Canada raised their price target on Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Bank of America began coverage on Taylor Morrison Home in a report on Monday. They issued a “buy” rating and a $70.00 target price on the stock. JPMorgan Chase & Co. cut their price target on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. BTIG Research set a $75.00 price objective on shares of Taylor Morrison Home and gave the stock a “buy” rating in a research note on Wednesday, April 16th. Finally, Wolfe Research upgraded shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 target price for the company in a research note on Wednesday, January 8th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $76.88.

Taylor Morrison Home Stock Performance

NYSE TMHC opened at $57.74 on Wednesday. The stock has a market cap of $5.80 billion, a P/E ratio of 6.97 and a beta of 1.68. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. Taylor Morrison Home Co. has a twelve month low of $51.90 and a twelve month high of $75.49. The company’s 50-day simple moving average is $58.58 and its 200 day simple moving average is $63.39.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.33. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. Taylor Morrison Home’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.75 EPS. As a group, research analysts forecast that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Taylor Morrison Home

In other news, CAO Joseph Terracciano sold 1,537 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total value of $93,372.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director David C. Merritt sold 2,402 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total value of $153,679.96. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

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.