Lisanti Capital Growth LLC cut its stake in Taylor Morrison Home Corporation (NYSE:TMHC – Free Report) by 75.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 13,580 shares of the construction company’s stock after selling 41,845 shares during the period. Lisanti Capital Growth LLC’s holdings in Taylor Morrison Home were worth $799,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of TMHC. Root Financial Partners LLC purchased a new stake in shares of Taylor Morrison Home in the third quarter valued at $27,000. Pinnacle Holdings LLC purchased a new position in shares of Taylor Morrison Home during the 3rd quarter worth about $32,000. Huntington National Bank grew its holdings in Taylor Morrison Home by 2,074.1% during the 3rd quarter. Huntington National Bank now owns 587 shares of the construction company’s stock valued at $39,000 after purchasing an additional 560 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in Taylor Morrison Home in the 4th quarter worth about $40,000. Finally, First Horizon Corp raised its position in Taylor Morrison Home by 151.1% in the 4th quarter. First Horizon Corp now owns 884 shares of the construction company’s stock worth $52,000 after purchasing an additional 532 shares during the period. Institutional investors own 95.16% of the company’s stock.
Analyst Ratings Changes
Several research analysts have issued reports on TMHC shares. Seaport Research Partners restated a “sell” rating and set a $49.00 target price (down from $85.00) on shares of Taylor Morrison Home in a research report on Tuesday, April 7th. Weiss Ratings lowered Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Wolfe Research restated an “outperform” rating and set a $76.00 price objective on shares of Taylor Morrison Home in a report on Thursday, April 23rd. Royal Bank Of Canada upped their price objective on Taylor Morrison Home from $68.00 to $69.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Finally, Zacks Research upgraded Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 22nd. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Taylor Morrison Home presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.43.
Taylor Morrison Home Stock Performance
Shares of NYSE:TMHC opened at $58.03 on Friday. The firm’s 50 day simple moving average is $59.17 and its 200-day simple moving average is $61.15. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.45 and a current ratio of 7.66. Taylor Morrison Home Corporation has a one year low of $54.15 and a one year high of $72.50. The firm has a market cap of $5.42 billion, a PE ratio of 8.66, a price-to-earnings-growth ratio of 1.34 and a beta of 1.51.
Taylor Morrison Home (NYSE:TMHC – Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The construction company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.30. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.33 billion. Taylor Morrison Home had a return on equity of 11.48% and a net margin of 8.77%.Taylor Morrison Home’s quarterly revenue was down 26.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.07 earnings per share. As a group, equities analysts predict that Taylor Morrison Home Corporation will post 5.36 EPS for the current year.
Taylor Morrison Home Profile
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.
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