Advisor Group Inc. increased its position in shares of Taylor Morrison Home Corp (NASDAQ:TMHC) by 58.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,318 shares of the construction company’s stock after buying an additional 9,688 shares during the period. Advisor Group Inc.’s holdings in Taylor Morrison Home Corp were worth $632,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of TMHC. Victory Capital Management Inc. increased its holdings in shares of Taylor Morrison Home Corp by 34.2% in the first quarter. Victory Capital Management Inc. now owns 6,315 shares of the construction company’s stock valued at $135,000 after purchasing an additional 1,608 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings 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 purchasing an additional 1,110 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of Taylor Morrison Home Corp by 52.9% in the second quarter. Great West Life Assurance Co. Can now owns 6,882 shares of the construction company’s stock valued at $165,000 after purchasing an additional 2,382 shares during the last quarter. UBS Group AG increased its holdings 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 purchasing an additional 307 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Taylor Morrison Home Corp by 717.3% in the second quarter. BNP Paribas Arbitrage SA now owns 7,470 shares of the construction company’s stock valued at $179,000 after purchasing an additional 6,556 shares during the last quarter.

Shares of Taylor Morrison Home Corp (NASDAQ:TMHC) opened at 22.72 on Thursday. Taylor Morrison Home Corp has a 12 month low of $15.82 and a 12 month high of $24.79. The stock has a 50 day moving average of $21.01 and a 200-day moving average of $22.48. The company has a market cap of $1.65 billion and a PE ratio of 13.68.

Taylor Morrison Home Corp (NASDAQ:TMHC) last announced its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.08. Taylor Morrison Home Corp had a return on equity of 9.57% and a net margin of 6.16%. The company had revenue of $908.49 million during the quarter, compared to analyst estimates of $849.70 million. During the same quarter last year, the firm posted $0.37 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. Equities analysts forecast that Taylor Morrison Home Corp will post $1.93 earnings per share for the current year.

Taylor Morrison Home Corp announced that its Board of Directors has authorized a stock repurchase program on Monday, September 18th that permits the company to repurchase $43.60 million in shares. This repurchase authorization permits the construction company to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Several research firms have commented on TMHC. Zacks Investment Research downgraded shares of Taylor Morrison Home Corp from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. BidaskClub raised shares of Taylor Morrison Home Corp from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Finally, Deutsche Bank AG boosted their target price on shares of 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. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $24.00.

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Taylor Morrison Home Corp Profile

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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