Burney Co. Sells 80,131 Shares of Taylor Morrison Home Corporation $TMHC

Burney Co. trimmed its position in Taylor Morrison Home Corporation (NYSE:TMHC) by 34.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 150,327 shares of the construction company’s stock after selling 80,131 shares during the quarter. Burney Co.’s holdings in Taylor Morrison Home were worth $8,755,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in TMHC. AQR Capital Management LLC increased its stake in shares of Taylor Morrison Home by 67.6% during 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 buying an additional 1,497,329 shares during the period. Norges Bank purchased a new stake in Taylor Morrison Home in the fourth quarter worth about $84,994,000. Assenagon Asset Management S.A. lifted its stake in Taylor Morrison Home by 96.1% in the first quarter. Assenagon Asset Management S.A. now owns 2,554,498 shares of the construction company’s stock worth $148,774,000 after acquiring an additional 1,251,558 shares during the period. M&T Bank Corp grew its holdings in Taylor Morrison Home by 28,246.3% during the 4th quarter. M&T Bank Corp now owns 1,058,169 shares of the construction company’s stock worth $62,294,000 after acquiring an additional 1,054,436 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in Taylor Morrison Home by 360.1% during the 3rd quarter. Alliancebernstein L.P. now owns 1,284,221 shares of the construction company’s stock worth $84,771,000 after acquiring an additional 1,005,116 shares in the last quarter. Institutional investors own 95.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TMHC. Bank of America cut their target price on shares of 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. Wolfe Research downgraded shares of Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, June 10th. Royal Bank Of Canada lowered shares of 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. Weiss Ratings downgraded shares of Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Finally, Citizens Jmp lowered Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a report on Monday, June 1st. Three investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Taylor Morrison Home currently has an average rating of “Hold” and a consensus price target of $76.86.

Taylor Morrison Home Price Performance

Shares of TMHC stock opened at $71.84 on Tuesday. The stock’s 50-day moving average is $65.56 and its 200 day moving average is $63.06. Taylor Morrison Home Corporation has a 1-year low of $54.15 and a 1-year high of $72.50. The company has a debt-to-equity ratio of 0.37, a current ratio of 7.66 and a quick ratio of 1.45. The company has a market cap of $6.71 billion, a P/E ratio of 10.72, a PEG ratio of 1.69 and a beta of 1.44.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, April 22nd. The construction company reported $1.12 EPS for the quarter, beating the consensus estimate of $0.82 by $0.30. Taylor Morrison Home had a net margin of 8.77% and a return on equity of 11.48%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the firm posted $2.07 earnings per share. The company’s quarterly revenue was down 26.8% on a year-over-year basis. Research analysts predict that Taylor Morrison Home Corporation will post 5.26 earnings per share for the current fiscal year.

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.