SG Americas Securities LLC Acquires 89,997 Shares of Taylor Morrison Home Corporation $TMHC

SG Americas Securities LLC grew its holdings in Taylor Morrison Home Corporation (NYSE:TMHC) by 416.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 111,587 shares of the construction company’s stock after buying an additional 89,997 shares during the period. SG Americas Securities LLC owned 0.12% of Taylor Morrison Home worth $6,499,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC raised its position in shares of Taylor Morrison Home by 67.6% in the fourth quarter. AQR Capital Management LLC now owns 3,710,885 shares of the construction company’s stock valued at $218,274,000 after purchasing an additional 1,497,329 shares during the period. Norges Bank bought a new position in Taylor Morrison Home during the 4th quarter worth $84,994,000. M&T Bank Corp lifted its holdings in shares of Taylor Morrison Home by 28,246.3% during the fourth quarter. M&T Bank Corp now owns 1,058,169 shares of the construction company’s stock worth $62,294,000 after buying an additional 1,054,436 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Taylor Morrison Home by 360.1% during the third quarter. Alliancebernstein L.P. now owns 1,284,221 shares of the construction company’s stock worth $84,771,000 after buying an additional 1,005,116 shares in the last quarter. Finally, Freestone Grove Partners LP bought a new stake in shares of Taylor Morrison Home in the third quarter valued at about $56,894,000. 95.16% of the stock is currently owned by institutional investors.

Taylor Morrison Home Stock Performance

NYSE:TMHC opened at $71.84 on Monday. The stock has a market cap of $6.71 billion, a P/E ratio of 10.72, a price-to-earnings-growth ratio of 1.69 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. The stock’s 50-day moving average is $64.37 and its 200-day moving average is $62.64. 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 released its quarterly 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 during the quarter, compared to the consensus estimate of $1.33 billion. Taylor Morrison Home had a net margin of 8.77% and a return on equity of 11.48%. The company’s revenue for the quarter was down 26.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.07 earnings per share. Equities research analysts anticipate that Taylor Morrison Home Corporation will post 5.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on TMHC shares. Seaport Research Partners reaffirmed a “sell” rating and set a $49.00 target price (down from $85.00) on shares of Taylor Morrison Home in a report on Tuesday, April 7th. Raymond James Financial cut Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research note on Friday. Bank of America reduced their price target 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. Truist Financial lowered their price objective on Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating on the stock in a research note on Monday, June 1st. Finally, Barclays lifted their price objective on Taylor Morrison Home from $68.00 to $69.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Taylor Morrison Home has an average 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.