Taylor Morrison Home Corporation $TMHC Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC raised its stake in Taylor Morrison Home Corporation (NYSE:TMHC) by 108.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 386,723 shares of the construction company’s stock after purchasing an additional 201,569 shares during the quarter. Hsbc Holdings PLC owned about 0.40% of Taylor Morrison Home worth $22,793,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd grew its stake in shares of Taylor Morrison Home by 5,510.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,310 shares of the construction company’s stock valued at $195,000 after buying an additional 3,251 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Taylor Morrison Home by 1,772.2% during the 4th quarter. Pacer Advisors Inc. now owns 384,952 shares of the construction company’s stock valued at $22,662,000 after buying an additional 364,391 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in Taylor Morrison Home by 2.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,398,394 shares of the construction company’s stock worth $141,194,000 after acquiring an additional 60,236 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in Taylor Morrison Home by 10.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 21,690 shares of the construction company’s stock worth $1,277,000 after acquiring an additional 2,002 shares in the last quarter. Finally, Vident Advisory LLC boosted its holdings in Taylor Morrison Home by 5.3% in the 4th quarter. Vident Advisory LLC now owns 18,747 shares of the construction company’s stock worth $1,104,000 after acquiring an additional 943 shares during the period. Institutional investors and hedge funds own 95.16% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on TMHC. Citizens Jmp downgraded shares of Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a research report on Monday, June 1st. Weiss Ratings cut shares of Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Royal Bank Of Canada downgraded shares of Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and upped their target price for the company from $69.00 to $72.50 in a research note on Tuesday, June 2nd. Wolfe Research lowered shares of Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a report on Wednesday, June 10th. Finally, Citigroup downgraded shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research note on Monday, June 1st. Three 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 presently has a consensus rating of “Hold” and an average target price of $76.86.

Taylor Morrison Home Price Performance

Shares of NYSE TMHC opened at $71.91 on Thursday. The company has a quick ratio of 1.45, a current ratio of 7.66 and a debt-to-equity ratio of 0.37. Taylor Morrison Home Corporation has a fifty-two week low of $54.15 and a fifty-two week high of $72.50. The business has a 50 day moving average price of $63.84 and a two-hundred day moving average price of $62.50. The firm has a market cap of $6.72 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 1.68 and a beta of 1.47.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, April 22nd. The construction company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.30. The company 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%.Taylor Morrison Home’s quarterly revenue was down 26.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.07 EPS. Sell-side analysts expect that Taylor Morrison Home Corporation will post 5.26 earnings per share for the current fiscal 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.