VIRGINIA RETIREMENT SYSTEMS ET Al Buys New Holdings in Taylor Morrison Home Corporation $TMHC

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Taylor Morrison Home Corporation (NYSE:TMHCFree Report) in the fourth quarter, Holdings Channel reports. The institutional investor bought 10,600 shares of the construction company’s stock, valued at approximately $624,000.

Several other hedge funds have also recently bought and sold shares of the stock. AQR Capital Management LLC raised its stake in Taylor Morrison Home by 73.8% during the third quarter. AQR Capital Management LLC now owns 2,213,556 shares of the construction company’s stock worth $146,117,000 after acquiring an additional 940,138 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Taylor Morrison Home by 96.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,302,940 shares of the construction company’s stock worth $76,704,000 after acquiring an additional 638,321 shares in the last quarter. Alliancebernstein L.P. raised its stake in Taylor Morrison Home by 360.1% during the third quarter. Alliancebernstein L.P. now owns 1,284,221 shares of the construction company’s stock worth $84,771,000 after acquiring an additional 1,005,116 shares in the last quarter. Victory Capital Management Inc. raised its stake in Taylor Morrison Home by 47.4% during the third quarter. Victory Capital Management Inc. now owns 1,208,689 shares of the construction company’s stock worth $79,786,000 after acquiring an additional 388,959 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Taylor Morrison Home by 6.1% during the third quarter. American Century Companies Inc. now owns 1,135,097 shares of the construction company’s stock worth $74,928,000 after acquiring an additional 65,238 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Taylor Morrison Home Price Performance

Shares of TMHC stock opened at $54.80 on Monday. The stock’s fifty day moving average is $59.56 and its 200-day moving average is $61.24. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.45 and a current ratio of 7.66. The stock has a market capitalization of $5.12 billion, a PE ratio of 8.18, a PEG ratio of 1.34 and a beta of 1.51. Taylor Morrison Home Corporation has a 52 week low of $54.58 and a 52 week high of $72.50.

Taylor Morrison Home (NYSE:TMHCGet Free Report) last announced its earnings results on Wednesday, April 22nd. The construction company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.82 by $0.30. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Taylor Morrison Home had a return on equity of 11.48% and a net margin of 8.77%.The business’s revenue for the quarter was down 26.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.07 earnings per share. Equities research analysts expect that Taylor Morrison Home Corporation will post 5.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TMHC has been the subject of several recent analyst reports. Bank of America dropped their price objective on Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Truist Financial dropped their price objective on Taylor Morrison Home from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, April 16th. Weiss Ratings lowered Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Royal Bank Of Canada increased their price objective on Taylor Morrison Home from $68.00 to $69.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Finally, Barclays increased their price objective on Taylor Morrison Home from $68.00 to $69.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $77.43.

Read Our Latest Analysis on TMHC

Taylor Morrison Home Profile

(Free Report)

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company’s portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company’s heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.

See Also

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

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