Amalgamated Bank lifted its holdings in shares of Taylor Morrison Home Corp (NYSE:TMHC) by 13.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 15,750 shares of the construction company’s stock after purchasing an additional 1,874 shares during the quarter. Amalgamated Bank’s holdings in Taylor Morrison Home were worth $250,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of TMHC. BerganKDV Wealth Management LLC boosted its stake in Taylor Morrison Home by 237.6% in the 4th quarter. BerganKDV Wealth Management LLC now owns 1,688 shares of the construction company’s stock valued at $27,000 after purchasing an additional 1,188 shares during the period. Strs Ohio bought a new stake in Taylor Morrison Home in the 4th quarter valued at $28,000. Stamos Capital Partners L.P. bought a new stake in Taylor Morrison Home in the 4th quarter valued at $64,000. Bank of Montreal Can boosted its stake in Taylor Morrison Home by 301.4% in the 4th quarter. Bank of Montreal Can now owns 4,748 shares of the construction company’s stock valued at $75,000 after purchasing an additional 3,565 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its stake in Taylor Morrison Home by 26.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 7,463 shares of the construction company’s stock valued at $119,000 after purchasing an additional 1,577 shares during the period.
TMHC has been the subject of several recent research reports. TheStreet upgraded Taylor Morrison Home from a “c+” rating to a “b-” rating in a research note on Monday, January 28th. Zacks Investment Research upgraded Taylor Morrison Home from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Thursday, January 17th. Wells Fargo & Co downgraded Taylor Morrison Home from an “outperform” rating to a “market perform” rating and set a $21.50 price target for the company. in a research note on Monday, January 14th. Finally, B. Riley boosted their price target on Taylor Morrison Home from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, February 14th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Taylor Morrison Home has an average rating of “Hold” and a consensus price target of $21.17.
Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, February 13th. The construction company reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.40. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Taylor Morrison Home had a return on equity of 12.90% and a net margin of 4.88%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.77 EPS. On average, research analysts expect that Taylor Morrison Home Corp will post 2.43 EPS for the current fiscal year.
In other Taylor Morrison Home news, insider Joseph Terracciano sold 2,323 shares of Taylor Morrison Home stock in a transaction on Friday, March 8th. The stock was sold at an average price of $16.84, for a total value of $39,119.32. Following the completion of the transaction, the insider now directly owns 2,050 shares of the company’s stock, valued at approximately $34,522. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by insiders.
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Taylor Morrison Home Profile
Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family and multi-family attached and detached 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.
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