Hodges Capital Management Inc. Has $12.36 Million Stock Holdings in Taylor Morrison Home Corporation $TMHC

Hodges Capital Management Inc. boosted its stake in Taylor Morrison Home Corporation (NYSE:TMHC) by 9.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 212,208 shares of the construction company’s stock after buying an additional 17,809 shares during the period. Hodges Capital Management Inc. owned approximately 0.22% of Taylor Morrison Home worth $12,359,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of TMHC. Miller Capital Partners Inc. bought a new position in shares of Taylor Morrison Home during the fourth quarter worth approximately $27,000. Brown Brothers Harriman & Co. acquired a new position in Taylor Morrison Home in the 4th quarter valued at $33,000. Root Financial Partners LLC increased its position in Taylor Morrison Home by 65.7% during the 1st quarter. Root Financial Partners LLC now owns 638 shares of the construction company’s stock worth $37,000 after buying an additional 253 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of Taylor Morrison Home during the fourth quarter worth $40,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Taylor Morrison Home in the fourth quarter valued at about $45,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Performance

Shares of TMHC opened at $71.83 on Monday. 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 firm’s fifty day simple moving average is $65.41 and its two-hundred day simple moving average is $62.98. Taylor Morrison Home Corporation has a 12 month low of $54.15 and a 12 month high of $72.50. The stock has a market capitalization of $6.71 billion, a P/E ratio of 10.72, a price-to-earnings-growth ratio of 1.69 and a beta of 1.44.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, April 22nd. The construction company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.30. The firm had revenue of $1.39 billion during 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 quarterly revenue was down 26.8% on a year-over-year basis. During the same period last year, the company posted $2.07 EPS. As a group, analysts predict that Taylor Morrison Home Corporation will post 5.26 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on TMHC. Citigroup lowered shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research report on Monday, June 1st. Barclays lifted their price target on shares of Taylor Morrison Home from $68.00 to $69.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Weiss Ratings lowered Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Royal Bank Of Canada cut Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from $69.00 to $72.50 in a report on Tuesday, June 2nd. Finally, Bank of America reduced their target price on Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Taylor Morrison Home has a consensus rating of “Hold” and a consensus target price of $76.86.

About Taylor Morrison Home

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.