Hsbc Holdings PLC Boosts Holdings in Taylor Morrison Home Corporation $TMHC

Hsbc Holdings PLC increased its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 108.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 386,723 shares of the construction company’s stock after purchasing an additional 201,569 shares during the quarter. Hsbc Holdings PLC’s holdings in Taylor Morrison Home were worth $22,793,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in TMHC. Miller Capital Partners Inc. purchased a new position in Taylor Morrison Home in the fourth quarter worth approximately $27,000. Brown Brothers Harriman & Co. purchased a new stake in Taylor Morrison Home in the fourth quarter valued at $33,000. V Square Quantitative Management LLC purchased a new stake in Taylor Morrison Home in the fourth quarter valued at $40,000. Los Angeles Capital Management LLC acquired a new position in shares of Taylor Morrison Home in the 4th quarter valued at $45,000. Finally, Pinnacle Holdings LLC lifted its stake in shares of Taylor Morrison Home by 62.1% in the 4th quarter. Pinnacle Holdings LLC now owns 783 shares of the construction company’s stock valued at $46,000 after purchasing an additional 300 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Down 0.0%

Shares of NYSE:TMHC opened at $71.84 on Tuesday. 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 firm has a market capitalization of $6.71 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 1.69 and a beta of 1.44. The firm’s 50-day moving average is $65.56 and its two-hundred 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.

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

Analysts Set New Price Targets

TMHC has been the subject of a number of research analyst reports. Truist Financial lowered their price target on Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating for the company in a report on Monday, June 1st. Citigroup cut shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research report on Monday, June 1st. Weiss Ratings lowered shares of 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 shares of Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from $69.00 to $72.50 in a research report on Tuesday, June 2nd. Finally, Barclays boosted 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 note on Thursday, April 23rd. Three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $76.86.

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.