Geode Capital Management LLC Sells 10,603 Shares of Taylor Morrison Home Corporation $TMHC

Geode Capital Management LLC decreased its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,460,871 shares of the construction company’s stock after selling 10,603 shares during the period. Geode Capital Management LLC owned about 2.52% of Taylor Morrison Home worth $144,894,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Penn Capital Management Company LLC acquired a new stake in shares of Taylor Morrison Home during the third quarter worth approximately $13,201,000. JPMorgan Chase & Co. increased its holdings in shares of Taylor Morrison Home by 39.1% during the third quarter. JPMorgan Chase & Co. now owns 777,353 shares of the construction company’s stock worth $51,313,000 after buying an additional 218,514 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Taylor Morrison Home by 521.5% during the fourth quarter. SG Americas Securities LLC now owns 21,590 shares of the construction company’s stock worth $1,271,000 after buying an additional 18,116 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Taylor Morrison Home by 2.7% during the fourth quarter. Assetmark Inc. now owns 797,997 shares of the construction company’s stock worth $46,978,000 after buying an additional 21,150 shares in the last quarter. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of Taylor Morrison Home during the third quarter worth approximately $1,737,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

Shares of Taylor Morrison Home stock opened at $71.51 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 7.66 and a quick ratio of 1.45. The firm has a market cap of $6.68 billion, a P/E ratio of 10.67, a P/E/G ratio of 1.65 and a beta of 1.47. The firm has a 50 day simple moving average of $60.15 and a 200 day simple moving average of $61.47. Taylor Morrison Home Corporation has a fifty-two week low of $54.15 and a fifty-two week high of $72.50.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, April 22nd. The construction company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.30. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.33 billion. Taylor Morrison Home had a net margin of 8.77% and a return on equity of 11.48%. Taylor Morrison Home’s revenue for the quarter was down 26.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.07 earnings per share. Sell-side analysts predict that Taylor Morrison Home Corporation will post 5.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TMHC. Barclays raised their price objective on shares of Taylor Morrison Home from $68.00 to $69.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Bank of America dropped 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. Citizens Jmp lowered shares of Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a report on Monday. Royal Bank Of Canada lowered shares of Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from $69.00 to $72.50 in a report on Tuesday. Finally, Weiss Ratings lowered shares of Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, April 24th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $76.86.

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.