Osaic Holdings Inc. Acquires 75,059 Shares of Taylor Morrison Home Corporation $TMHC

by · The Cerbat Gem

Osaic Holdings Inc. boosted its holdings in Taylor Morrison Home Corporation (NYSE:TMHC – Free Report) by 1,442.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 80,264 shares of the construction company’s stock after acquiring an additional 75,059 shares during the quarter. Osaic Holdings Inc.’s holdings in Taylor Morrison Home were worth $4,824,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Atlantic Union Bankshares Corp bought a new position in shares of Taylor Morrison Home in the second quarter worth about $28,000. AlphaCore Capital LLC acquired a new position in Taylor Morrison Home during the 2nd quarter worth approximately $37,000. Parallel Advisors LLC lifted its stake in Taylor Morrison Home by 29.9% in the 2nd quarter. Parallel Advisors LLC now owns 882 shares of the construction company’s stock valued at $54,000 after purchasing an additional 203 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Taylor Morrison Home by 406.8% in the second quarter. EverSource Wealth Advisors LLC now owns 897 shares of the construction company’s stock valued at $55,000 after buying an additional 720 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Taylor Morrison Home by 30.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 899 shares of the construction company’s stock valued at $55,000 after buying an additional 211 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Stock Down 0.0%

Shares of TMHC opened at $58.86 on Wednesday. The stock’s 50-day moving average price is $60.73 and its two-hundred day moving average price is $63.18. Taylor Morrison Home Corporation has a 12 month low of $51.90 and a 12 month high of $72.50. The company has a market capitalization of $5.75 billion, a PE ratio of 7.09 and a beta of 1.57. The company has a current ratio of 7.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.35.

Taylor Morrison Home (NYSE:TMHC – Get Free Report) last issued its quarterly earnings data on Wednesday, October 22nd. The construction company reported $2.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.18. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.03 billion. Taylor Morrison Home had a return on equity of 15.23% and a net margin of 10.16%.The firm’s revenue was down 1.2% compared to the same quarter last year. During the same period last year, the company earned $2.40 earnings per share. On average, analysts anticipate that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Analysts Set New Price Targets

TMHC has been the subject of several research analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Taylor Morrison Home in a report on Monday. Wedbush restated an “outperform” rating and set a $85.00 price objective on shares of Taylor Morrison Home in a research report on Thursday, October 23rd. Bank of America lowered their target price on Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating for the company in a report on Friday, October 10th. Barclays reissued an “overweight” rating and set a $71.00 price target on shares of Taylor Morrison Home in a research note on Monday, December 8th. Finally, Royal Bank Of Canada reduced their price target on Taylor Morrison Home from $75.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. According to MarketBeat, Taylor Morrison Home currently has a consensus rating of “Buy” and an average target price of $75.57.

Get Our Latest Research Report on Taylor Morrison Home

About Taylor Morrison Home

(Free Report)

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.

See Also

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