Parametric Portfolio Associates LLC Boosts Holdings in Taylor Morrison Home Corp (TMHC)

Parametric Portfolio Associates LLC raised its position in Taylor Morrison Home Corp (NASDAQ:TMHC) by 282.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 62,078 shares of the construction company’s stock after purchasing an additional 45,859 shares during the period. Parametric Portfolio Associates LLC owned about 0.11% of Taylor Morrison Home Corp worth $1,490,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. UBS Group AG lifted its position in shares of Taylor Morrison Home Corp by 4.7% in the first quarter. UBS Group AG now owns 6,909 shares of the construction company’s stock valued at $147,000 after acquiring an additional 307 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Taylor Morrison Home Corp by 20.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,409 shares of the construction company’s stock valued at $154,000 after acquiring an additional 1,110 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Taylor Morrison Home Corp by 17.6% in the second quarter. Victory Capital Management Inc. now owns 7,429 shares of the construction company’s stock valued at $178,000 after acquiring an additional 1,114 shares in the last quarter. Paloma Partners Management Co lifted its position in shares of Taylor Morrison Home Corp by 10.5% in the first quarter. Paloma Partners Management Co now owns 11,808 shares of the construction company’s stock valued at $251,000 after acquiring an additional 1,126 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Taylor Morrison Home Corp by 25.6% in the first quarter. Legal & General Group Plc now owns 9,338 shares of the construction company’s stock valued at $199,000 after acquiring an additional 1,906 shares in the last quarter.

Taylor Morrison Home Corp (NASDAQ:TMHC) opened at $22.96 on Tuesday. Taylor Morrison Home Corp has a 12-month low of $18.26 and a 12-month high of $24.79.

Taylor Morrison Home Corp (NASDAQ:TMHC) last released its earnings results on Wednesday, November 1st. The construction company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.04. Taylor Morrison Home Corp had a return on equity of 9.57% and a net margin of 6.16%. The firm had revenue of $908.00 million for the quarter, compared to the consensus estimate of $914.19 million. During the same period in the prior year, the business posted $0.49 earnings per share. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year.

Taylor Morrison Home Corp declared that its board has approved a share repurchase program on Monday, September 18th that permits the company to repurchase $43.60 million in outstanding shares. This repurchase authorization permits the construction company to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

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In related news, insider C. David Cone sold 35,000 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $23.79, for a total transaction of $832,650.00. Following the transaction, the insider now directly owns 42,511 shares in the company, valued at $1,011,336.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Several brokerages have recently issued reports on TMHC. B. Riley restated a “neutral” rating on shares of Taylor Morrison Home Corp in a research report on Thursday, November 2nd. BidaskClub downgraded Taylor Morrison Home Corp from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. ValuEngine downgraded Taylor Morrison Home Corp from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 2nd. Deutsche Bank AG upped their price objective on Taylor Morrison Home Corp from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Monday, August 7th. Finally, Zacks Investment Research downgraded Taylor Morrison Home Corp from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $24.00.

About Taylor Morrison Home Corp

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).

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

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