Sivia Capital Partners LLC bought a new position in Taylor Morrison Home Corporation (NYSE:TMHC – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,465 shares of the construction company’s stock, valued at approximately $498,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Allworth Financial LP grew its position in Taylor Morrison Home by 14.9% in the 3rd quarter. Allworth Financial LP now owns 1,546 shares of the construction company’s stock worth $102,000 after purchasing an additional 200 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Taylor Morrison Home by 4.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,691 shares of the construction company’s stock worth $310,000 after purchasing an additional 204 shares during the last quarter. Tectonic Advisors LLC grew its position in Taylor Morrison Home by 0.7% in the 4th quarter. Tectonic Advisors LLC now owns 29,765 shares of the construction company’s stock worth $1,752,000 after purchasing an additional 207 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Taylor Morrison Home by 30.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 899 shares of the construction company’s stock worth $55,000 after purchasing an additional 211 shares during the last quarter. Finally, Verdence Capital Advisors LLC grew its position in Taylor Morrison Home by 3.3% in the 4th quarter. Verdence Capital Advisors LLC now owns 6,795 shares of the construction company’s stock worth $400,000 after purchasing an additional 220 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have commented on TMHC shares. Weiss Ratings cut shares of Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Zacks Research upgraded shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 22nd. Truist Financial decreased their price objective on shares of Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating for the company in a report on Monday. Bank of America decreased their price objective on shares of Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Finally, Royal Bank Of Canada cut shares of Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from $69.00 to $72.50 in a report on Tuesday. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $76.86.
Taylor Morrison Home Trading Down 0.0%
Shares of NYSE:TMHC opened at $71.48 on Friday. The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of 10.67, a PEG ratio of 1.65 and a beta of 1.47. Taylor Morrison Home Corporation has a 1-year low of $54.15 and a 1-year high of $72.50. 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 company has a 50 day moving average price of $60.39 and a 200 day moving average price of $61.54.
Taylor Morrison Home (NYSE:TMHC – Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The construction company reported $1.12 EPS for the quarter, beating the consensus estimate of $0.82 by $0.30. Taylor Morrison Home had a net margin of 8.77% and a return on equity of 11.48%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the firm earned $2.07 EPS. The firm’s quarterly revenue was down 26.8% on a year-over-year basis. On average, research analysts anticipate that Taylor Morrison Home Corporation will post 5.36 EPS for the current fiscal year.
About Taylor Morrison Home
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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