Swiss National Bank continued to hold its stake in shares of Taylor Morrison Home Corp (NASDAQ:TMHC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,300 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned approximately 0.17% of Taylor Morrison Home Corp worth $791,000 at the end of the most recent quarter.
Separately, Bank of New York Mellon Corp raised its stake in shares of Taylor Morrison Home Corp by 3.1% in the second quarter. Bank of New York Mellon Corp now owns 162,397 shares of the company’s stock valued at $2,410,000 after buying an additional 4,857 shares during the period.
Taylor Morrison Home Corp (NASDAQ:TMHC) traded down 1.86% during midday trading on Friday, reaching $17.42. 175,050 shares of the company traded hands. The stock’s 50 day moving average is $17.30 and its 200 day moving average is $15.76. The company has a market capitalization of $528.75 million and a price-to-earnings ratio of 11.66. Taylor Morrison Home Corp has a one year low of $10.33 and a one year high of $20.64.
Taylor Morrison Home Corp (NASDAQ:TMHC) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.04. The business had revenue of $854.30 million for the quarter, compared to analysts’ expectations of $793.63 million. Taylor Morrison Home Corp’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same period last year, the company earned $0.33 earnings per share. On average, equities analysts anticipate that Taylor Morrison Home Corp will post $1.66 earnings per share for the current year.
Several equities research analysts recently issued reports on TMHC shares. Deutsche Bank AG lifted their price target on shares of Taylor Morrison Home Corp from $20.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, August 9th. Wedbush reaffirmed a “neutral” rating and set a $18.00 price target on shares of Taylor Morrison Home Corp in a report on Monday, September 19th. Wells Fargo & Co. started coverage on shares of Taylor Morrison Home Corp in a report on Wednesday, September 28th. They set a “market perform” rating on the stock. Zacks Investment Research lowered shares of Taylor Morrison Home Corp from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating and set a $18.00 price target on shares of Taylor Morrison Home Corp in a report on Wednesday, June 29th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $19.29.
Taylor Morrison Home Corp Company Profile
Taylor Morrison Home Corporation is a real estate development company, with a portfolio of lifestyle and master-planned communities. The Company is engaged in the business of residential homebuilding and the development of lifestyle communities with operations geographically focused in Arizona, California, Colorado, Florida, Texas and its acquired divisions in Georgia, Illinois and North Carolina.