Aristeia Capital L.L.C. Buys New Position in Taylor Morrison Home Corporation $TMHC

Aristeia Capital L.L.C. bought a new stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 12,993 shares of the construction company’s stock, valued at approximately $765,000.

Several other hedge funds also recently modified their holdings of the stock. Allworth Financial LP boosted its position in shares of Taylor Morrison Home by 14.9% during the third quarter. Allworth Financial LP now owns 1,546 shares of the construction company’s stock valued at $102,000 after buying an additional 200 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Taylor Morrison Home by 4.5% during the third quarter. PNC Financial Services Group Inc. now owns 4,691 shares of the construction company’s stock valued at $310,000 after buying an additional 204 shares during the last quarter. Tectonic Advisors LLC boosted its position in Taylor Morrison Home by 0.7% in the fourth 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. boosted its position in Taylor Morrison Home by 30.7% in the second 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 boosted its position in Taylor Morrison Home by 3.3% in the fourth 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. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Wall Street Analysts Forecast Growth

TMHC has been the topic of several research analyst reports. Bank of America cut their price objective on Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th. Barclays boosted their price objective on Taylor Morrison Home from $68.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Weiss Ratings cut Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Citigroup cut Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research report on Monday, June 1st. Finally, Truist Financial cut their price objective on Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating on the stock in a research report on Monday, June 1st. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Taylor Morrison Home currently has a consensus rating of “Hold” and an average target price of $76.86.

Taylor Morrison Home Stock Down 0.3%

TMHC stock opened at $71.64 on Thursday. The stock’s fifty day simple moving average is $62.57 and its two-hundred day simple moving average is $62.20. 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. The stock has a market cap of $6.69 billion, a P/E ratio of 10.69, a P/E/G ratio of 1.66 and a beta of 1.47.

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

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.