MetLife Investment Advisors LLC Increases Holdings in Taylor Morrison Home Corp (TMHC)

MetLife Investment Advisors LLC boosted its holdings in shares of Taylor Morrison Home Corp (NYSE:TMHC) by 36.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 50,576 shares of the construction company’s stock after acquiring an additional 13,507 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Taylor Morrison Home were worth $1,177,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. UBS Group AG lifted its holdings in shares of Taylor Morrison Home by 400.4% during the 1st quarter. UBS Group AG now owns 167,710 shares of the construction company’s stock valued at $3,904,000 after buying an additional 134,196 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Taylor Morrison Home by 83.0% during the 1st quarter. Allianz Asset Management GmbH now owns 201,067 shares of the construction company’s stock valued at $4,681,000 after buying an additional 91,187 shares during the last quarter. Seven Eight Capital LP acquired a new stake in shares of Taylor Morrison Home during the 1st quarter valued at about $5,035,000. Principal Financial Group Inc. lifted its holdings in shares of Taylor Morrison Home by 23.4% during the 1st quarter. Principal Financial Group Inc. now owns 1,121,328 shares of the construction company’s stock valued at $26,104,000 after buying an additional 212,665 shares during the last quarter. Finally, Maltese Capital Management LLC lifted its holdings in shares of Taylor Morrison Home by 30.0% during the 1st quarter. Maltese Capital Management LLC now owns 552,500 shares of the construction company’s stock valued at $12,862,000 after buying an additional 127,500 shares during the last quarter. Hedge funds and other institutional investors own 99.13% of the company’s stock.

Shares of Taylor Morrison Home opened at $20.47 on Monday, Marketbeat Ratings reports. The company has a current ratio of 7.28, a quick ratio of 0.91 and a debt-to-equity ratio of 0.64. Taylor Morrison Home Corp has a twelve month low of $19.68 and a twelve month high of $28.42. The company has a market capitalization of $2.30 billion, a P/E ratio of 10.34, a P/E/G ratio of 0.67 and a beta of 1.39.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, May 2nd. The construction company reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.04. Taylor Morrison Home had a return on equity of 7.23% and a net margin of 3.24%. The business had revenue of $752.33 million for the quarter, compared to the consensus estimate of $785.62 million. During the same period last year, the business earned $0.30 EPS. The firm’s revenue was down 2.2% compared to the same quarter last year. research analysts forecast that Taylor Morrison Home Corp will post 2.61 EPS for the current year.

Several equities research analysts have recently issued reports on the company. ValuEngine lowered Taylor Morrison Home from a “sell” rating to a “strong sell” rating in a report on Saturday, June 16th. Wells Fargo & Co set a $34.00 price target on Taylor Morrison Home and gave the company a “buy” rating in a report on Friday, June 8th. Barclays reduced their price target on Taylor Morrison Home from $28.00 to $25.00 and set a “hold” rating for the company in a report on Monday, March 26th. Finally, Zacks Investment Research lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $28.88.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family detached and attached homes; and develops lifestyle and master-planned communities. It operates under the Taylor Morrison and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.

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

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