Campbell & CO Investment Adviser LLC Invests $197,000 in Taylor Morrison Home Corp (NYSE:TMHC)

Campbell & CO Investment Adviser LLC bought a new position in shares of Taylor Morrison Home Corp (NYSE:TMHC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,237 shares of the construction company’s stock, valued at approximately $197,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. US Bancorp DE lifted its holdings in shares of Taylor Morrison Home by 78.1% during the first quarter. US Bancorp DE now owns 2,556 shares of the construction company’s stock worth $28,000 after buying an additional 1,121 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Taylor Morrison Home by 2,045.7% in the first quarter. PNC Financial Services Group Inc. now owns 3,240 shares of the construction company’s stock worth $35,000 after purchasing an additional 3,089 shares during the period. Sandy Spring Bank increased its position in shares of Taylor Morrison Home by 300.0% in the first quarter. Sandy Spring Bank now owns 4,000 shares of the construction company’s stock worth $44,000 after purchasing an additional 3,000 shares during the period. Dupont Capital Management Corp bought a new position in shares of Taylor Morrison Home in the first quarter worth $44,000. Finally, Advisor Group Holdings Inc. bought a new position in shares of Taylor Morrison Home in the first quarter worth $46,000. 98.59% of the stock is owned by institutional investors.

TMHC has been the topic of a number of recent analyst reports. Wells Fargo & Co raised their price target on Taylor Morrison Home from $14.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th. JPMorgan Chase & Co. upgraded Taylor Morrison Home from a “neutral” rating to an “overweight” rating and set a $27.00 price target on the stock in a research report on Thursday, June 11th. Zacks Investment Research upgraded Taylor Morrison Home from a “hold” rating to a “strong-buy” rating and set a $25.00 price target on the stock in a research report on Tuesday, July 14th. BTIG Research upgraded Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Tuesday, July 21st. Finally, B. Riley raised their price target on Taylor Morrison Home from $25.00 to $28.00 in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $22.71.

Taylor Morrison Home stock opened at $23.45 on Friday. Taylor Morrison Home Corp has a 12-month low of $6.39 and a 12-month high of $28.47. The company has a quick ratio of 0.96, a current ratio of 8.12 and a debt-to-equity ratio of 1.13. The business’s 50-day moving average price is $20.81 and its two-hundred day moving average price is $19.04. The stock has a market cap of $3.10 billion, a PE ratio of 7.76 and a beta of 1.69.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Thursday, July 30th. The construction company reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.02. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Taylor Morrison Home had a return on equity of 12.03% and a net margin of 2.86%. As a group, analysts expect that Taylor Morrison Home Corp will post 2.43 earnings per share for the current year.

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

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