Taylor Morrison Home Corporation $TMHC Holdings Trimmed by Basswood Capital Management L.L.C.

Basswood Capital Management L.L.C. lowered its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 12.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 463,687 shares of the construction company’s stock after selling 65,862 shares during the quarter. Taylor Morrison Home accounts for approximately 1.1% of Basswood Capital Management L.L.C.’s investment portfolio, making the stock its 27th largest position. Basswood Capital Management L.L.C. owned approximately 0.47% of Taylor Morrison Home worth $27,297,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Taylor Morrison Home by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 299,888 shares of the construction company’s stock valued at $18,005,000 after purchasing an additional 16,379 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Taylor Morrison Home by 30.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 899 shares of the construction company’s stock valued at $55,000 after purchasing an additional 211 shares during the last quarter. M&T Bank Corp purchased a new stake in shares of Taylor Morrison Home during the second quarter valued at $262,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Taylor Morrison Home by 406.8% during the second quarter. EverSource Wealth Advisors LLC now owns 897 shares of the construction company’s stock valued at $55,000 after purchasing an additional 720 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of Taylor Morrison Home by 12.0% during the second quarter. Marshall Wace LLP now owns 8,029 shares of the construction company’s stock valued at $493,000 after purchasing an additional 859 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Down 0.0%

Shares of Taylor Morrison Home stock opened at $71.90 on Friday. The stock has a 50-day moving average price of $61.76 and a 200 day moving average price of $62.00. The company has a market cap of $6.72 billion, a P/E ratio of 10.73, a P/E/G ratio of 1.66 and a beta of 1.47. The company has a current ratio of 7.66, a quick ratio of 1.45 and a debt-to-equity ratio of 0.37. Taylor Morrison Home Corporation has a 1 year low of $54.15 and a 1 year high of $72.50.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the business earned $2.07 EPS. The business’s revenue for the quarter was down 26.8% on a year-over-year basis. As a group, analysts expect that Taylor Morrison Home Corporation will post 5.36 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TMHC shares. Citizens Jmp downgraded Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a report on Monday, June 1st. Zacks Research raised Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 22nd. Barclays upped their target price on Taylor Morrison Home from $68.00 to $69.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Wolfe Research downgraded Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a report on Wednesday. Finally, Bank of America reduced their target price on Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target 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.