Taylor Morrison Home Corporation $TMHC Position Lessened by Legal & General Group Plc

Legal & General Group Plc decreased its stake in Taylor Morrison Home Corporation (NYSE:TMHC) by 19.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 163,927 shares of the construction company’s stock after selling 40,558 shares during the period. Legal & General Group Plc owned 0.17% of Taylor Morrison Home worth $9,650,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Allworth Financial LP lifted its holdings in shares of 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. increased 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 valued at $310,000 after acquiring an additional 204 shares during the period. Tectonic Advisors LLC increased 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 valued at $1,752,000 after acquiring an additional 207 shares during the period. Northwestern Mutual Wealth Management Co. increased 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 valued at $55,000 after acquiring an additional 211 shares during the period. Finally, Verdence Capital Advisors LLC increased 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 valued at $400,000 after acquiring an additional 220 shares during the period. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Down 0.0%

TMHC opened at $71.51 on Friday. Taylor Morrison Home Corporation has a one year low of $54.15 and a one 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 stock’s fifty day moving average is $60.15 and its 200-day moving average is $61.47. The company has a market capitalization of $6.68 billion, a PE ratio of 10.67, a P/E/G ratio of 1.65 and a beta of 1.47.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, April 22nd. The construction company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.30. Taylor Morrison Home had a return on equity of 11.48% and a net margin of 8.77%.The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the business earned $2.07 EPS. The company’s quarterly revenue was down 26.8% compared to the same quarter last year. On average, equities analysts predict that Taylor Morrison Home Corporation will post 5.36 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on TMHC. Citizens Jmp cut shares of Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a research note on Monday. Truist Financial cut their price objective on shares of Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating on the stock in a research note on Monday. Seaport Research Partners restated a “sell” rating and set a $49.00 price objective (down from $85.00) on shares of Taylor Morrison Home in a research note on Tuesday, April 7th. Zacks Research upgraded shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 22nd. Finally, Weiss Ratings downgraded shares of Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $76.86.

Taylor Morrison Home Company 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.