First Interstate Bank Has $171,000 Position in Taylor Morrison Home Corp (TMHC)

First Interstate Bank reduced its stake in Taylor Morrison Home Corp (NASDAQ:TMHC) by 10.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 8,020 shares of the construction company’s stock after selling 935 shares during the period. First Interstate Bank’s holdings in Taylor Morrison Home Corp were worth $171,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Essex Investment Management Co. LLC bought a new position in Taylor Morrison Home Corp during the third quarter valued at $1,111,000. Acrospire Investment Management LLC bought a new position in Taylor Morrison Home Corp during the third quarter valued at $102,000. AMP Capital Investors Ltd boosted its position in Taylor Morrison Home Corp by 129.3% in the third quarter. AMP Capital Investors Ltd now owns 37,757 shares of the construction company’s stock valued at $655,000 after buying an additional 21,291 shares during the period. TPG Group Holdings SBS Advisors Inc. bought a new position in Taylor Morrison Home Corp during the third quarter valued at $26,395,000. Finally, 1832 Asset Management L.P. bought a new position in Taylor Morrison Home Corp during the third quarter valued at $514,000.

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

Taylor Morrison Home Corp (NASDAQ:TMHC) traded down 0.12% during mid-day trading on Friday, hitting $24.12. The stock had a trading volume of 1,527,368 shares. The stock has a market cap of $1.26 billion and a price-to-earnings ratio of 13.79. The stock’s 50-day moving average price is $23.46 and its 200-day moving average price is $21.17. Taylor Morrison Home Corp has a 12 month low of $13.76 and a 12 month high of $24.62.

Taylor Morrison Home Corp (NASDAQ:TMHC) last released its earnings results on Thursday, April 27th. The construction company reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.02. The company had revenue of $769.09 million for the quarter, compared to the consensus estimate of $742.08 million. The business’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 EPS. On average, analysts predict that Taylor Morrison Home Corp will post $1.90 earnings per share for the current year.

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A number of brokerages have commented on TMHC. FBR & Co increased their price target on shares of Taylor Morrison Home Corp from $21.00 to $23.00 and gave the company a “mkt perform” rating in a research report on Friday, April 28th. Barclays PLC reiterated an “equal weight” rating and set a $22.00 price target (up from $21.00) on shares of Taylor Morrison Home Corp in a research report on Tuesday, March 7th. Zacks Investment Research upgraded shares of Taylor Morrison Home Corp from a “sell” rating to a “hold” rating in a research report on Friday, February 24th. Finally, 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. Nine research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $20.78.

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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