Taylor Morrison Home Co. (NYSE:TMHC) Holdings Reduced by Basswood Capital Management L.L.C.

Basswood Capital Management L.L.C. lowered its position in Taylor Morrison Home Co. (NYSE:TMHC) by 11.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 602,024 shares of the construction company’s stock after selling 79,246 shares during the quarter. Taylor Morrison Home accounts for about 2.1% of Basswood Capital Management L.L.C.’s investment portfolio, making the stock its 12th biggest position. Basswood Capital Management L.L.C.’s holdings in Taylor Morrison Home were worth $36,850,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Barclays PLC grew its position in Taylor Morrison Home by 66.4% in the 3rd quarter. Barclays PLC now owns 420,419 shares of the construction company’s stock valued at $29,539,000 after buying an additional 167,735 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Taylor Morrison Home by 15.3% in the third quarter. Franklin Resources Inc. now owns 618,360 shares of the construction company’s stock valued at $42,345,000 after acquiring an additional 81,841 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Taylor Morrison Home by 3.5% during the third quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock valued at $144,144,000 after acquiring an additional 69,222 shares during the period. Nordea Investment Management AB lifted its position in Taylor Morrison Home by 2.0% in the fourth quarter. Nordea Investment Management AB now owns 138,871 shares of the construction company’s stock worth $8,529,000 after purchasing an additional 2,760 shares during the period. Finally, Range Financial Group LLC acquired a new stake in Taylor Morrison Home in the fourth quarter worth approximately $307,000. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Price Performance

TMHC opened at $58.89 on Friday. Taylor Morrison Home Co. has a 12-month low of $51.90 and a 12-month high of $75.49. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $5.91 billion, a P/E ratio of 7.11 and a beta of 1.68. The stock has a fifty day moving average of $58.71 and a 200-day moving average of $63.56.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.33. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the company posted $1.75 EPS. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. Equities analysts forecast that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TMHC. BTIG Research set a $75.00 price objective on Taylor Morrison Home and gave the stock a “buy” rating in a research note on Wednesday, April 16th. StockNews.com lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. dropped their target price on shares of Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Wolfe Research upgraded shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 target price for the company in a report on Wednesday, January 8th. Finally, Barclays set a $69.00 price target on Taylor Morrison Home and gave the company an “overweight” rating in a report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.86.

Insider Buying and Selling

In related news, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total transaction of $93,372.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David C. Merritt sold 2,402 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total value of $153,679.96. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

Taylor Morrison Home Profile

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.