Goldman Sachs Group Inc. Buys 695,471 Shares of Taylor Morrison Home Corporation $TMHC

Goldman Sachs Group Inc. increased its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 61.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,833,814 shares of the construction company’s stock after purchasing an additional 695,471 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Taylor Morrison Home were worth $107,957,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of TMHC. Norges Bank bought a new stake in shares of Taylor Morrison Home during the fourth quarter worth approximately $84,994,000. M&T Bank Corp raised its stake in shares of 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 buying an additional 1,054,436 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of 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 buying an additional 1,005,116 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Taylor Morrison Home by 73.8% during the third quarter. AQR Capital Management LLC now owns 2,213,556 shares of the construction company’s stock worth $146,117,000 after buying an additional 940,138 shares during the last quarter. Finally, Freestone Grove Partners LP bought a new stake in shares of Taylor Morrison Home during the third quarter worth approximately $56,894,000. 95.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TMHC. Barclays boosted their price target on shares of Taylor Morrison Home from $68.00 to $69.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Citigroup downgraded shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research note on Monday, June 1st. Wolfe Research reissued an “outperform” rating and set a $76.00 price target on shares of Taylor Morrison Home in a research note on Thursday, April 23rd. Weiss Ratings downgraded shares of Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Finally, Zacks Research raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 22nd. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Taylor Morrison Home presently has a consensus rating of “Hold” and an average target price of $76.86.

Taylor Morrison Home Stock Up 0.3%

Taylor Morrison Home stock opened at $71.64 on Wednesday. The stock has a market capitalization of $6.69 billion, a PE ratio of 10.69, a price-to-earnings-growth ratio of 1.65 and a beta of 1.47. Taylor Morrison Home Corporation has a twelve month low of $54.15 and a twelve month high of $72.50. The company has a quick ratio of 1.45, a current ratio of 7.66 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average of $60.92 and a 200-day moving average of $61.76.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, April 22nd. The construction company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.30. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Taylor Morrison Home had a net margin of 8.77% and a return on equity of 11.48%. The business’s quarterly revenue was down 26.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.07 earnings per share. On average, equities research analysts anticipate that Taylor Morrison Home Corporation will post 5.36 EPS for the current fiscal year.

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.