Bank of New York Mellon Corp boosted its stake in Taylor Morrison Home Corp (NASDAQ:TMHC) by 3.1% during the second quarter, Holdings Channel reports. The firm owned 162,397 shares of the company’s stock after buying an additional 4,857 shares during the period. Bank of New York Mellon Corp owned approximately 0.51% of Taylor Morrison Home Corp worth $2,410,000 as of its most recent SEC filing.
Shares of Taylor Morrison Home Corp (NASDAQ:TMHC) traded up 0.40% on Tuesday, reaching $17.55. 146,685 shares of the company traded hands. The firm has a 50-day moving average of $17.26 and a 200-day moving average of $15.68. Taylor Morrison Home Corp has a 52-week low of $10.33 and a 52-week high of $20.64. The company has a market capitalization of $532.70 million and a PE ratio of 11.75.
Taylor Morrison Home Corp (NASDAQ:TMHC) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.04. The business earned $854.30 million during the quarter, compared to the consensus estimate of $793.63 million. During the same period in the previous year, the company posted $0.33 EPS. The company’s revenue for the quarter was up 21.9% compared to the same quarter last year. On average, equities research analysts forecast that Taylor Morrison Home Corp will post $1.66 earnings per share for the current fiscal year.
Several research firms have recently issued reports on TMHC. Wells Fargo & Co. began coverage on Taylor Morrison Home Corp in a research note on Wednesday, September 28th. They set a “market perform” rating for the company. Wedbush reaffirmed a “neutral” rating and set a $18.00 price target on shares of Taylor Morrison Home Corp in a research note on Monday, September 19th. Deutsche Bank AG reaffirmed a “hold” rating and set a $26.00 price target (up previously from $25.00) on shares of Taylor Morrison Home Corp in a research note on Friday, August 26th. TheStreet raised Taylor Morrison Home Corp from a “hold” rating to a “buy” rating in a research note on Thursday, August 18th. Finally, Zacks Investment Research downgraded Taylor Morrison Home Corp from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Taylor Morrison Home Corp currently has an average rating of “Hold” and an average price target of $19.29.
About Taylor Morrison Home Corp
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.
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