Peregrine Capital Management LLC decreased its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC – Free Report) by 8.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,971 shares of the construction company’s stock after selling 7,108 shares during the quarter. Peregrine Capital Management LLC’s holdings in Taylor Morrison Home were worth $4,308,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of TMHC. Miller Capital Partners Inc. acquired a new position in shares of Taylor Morrison Home in the 4th quarter valued at approximately $27,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Taylor Morrison Home during the 4th quarter worth approximately $33,000. Huntington National Bank increased its stake in Taylor Morrison Home by 2,074.1% in the third quarter. Huntington National Bank now owns 587 shares of the construction company’s stock valued at $39,000 after acquiring an additional 560 shares during the last quarter. V Square Quantitative Management LLC bought a new position in Taylor Morrison Home in the fourth quarter valued at approximately $40,000. Finally, Los Angeles Capital Management LLC acquired a new position in Taylor Morrison Home during the fourth quarter valued at approximately $45,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.
Taylor Morrison Home Stock Performance
Shares of Taylor Morrison Home stock opened at $71.83 on Friday. The company’s 50 day moving average price is $65.28 and its two-hundred day moving average price is $62.92. The firm has a market capitalization of $6.71 billion, a P/E ratio of 10.72, a P/E/G ratio of 1.68 and a beta of 1.44. Taylor Morrison Home Corporation has a fifty-two week low of $54.15 and a fifty-two week high of $72.50. The company has a debt-to-equity ratio of 0.37, a current ratio of 7.66 and a quick ratio of 1.45.
Analyst Upgrades and Downgrades
TMHC has been the subject of several recent analyst reports. Weiss Ratings cut Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Citigroup cut Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a report on Monday, June 1st. Raymond James Financial downgraded Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research report on Friday, June 26th. Truist Financial reduced their price objective on Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating on the stock in a research note on Monday, June 1st. Finally, Seaport Research Partners reiterated a “sell” rating and issued a $49.00 target price (down from $85.00) on shares of Taylor Morrison Home in a research report on Tuesday, April 7th. Three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $76.86.
Read Our Latest Stock Analysis on Taylor Morrison Home
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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