Taylor Morrison Home Corporation $TMHC Stock Holdings Boosted by Fifth Third Bancorp

Fifth Third Bancorp raised its position in Taylor Morrison Home Corporation (NYSE:TMHC) by 2,914.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 25,053 shares of the construction company’s stock after acquiring an additional 24,222 shares during the quarter. Fifth Third Bancorp’s holdings in Taylor Morrison Home were worth $1,459,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Miller Capital Partners Inc. acquired a new stake in Taylor Morrison Home in the fourth quarter worth about $27,000. Brown Brothers Harriman & Co. bought a new position in shares of Taylor Morrison Home in the fourth quarter valued at $33,000. Root Financial Partners LLC raised its position in shares of Taylor Morrison Home by 65.7% during the first quarter. Root Financial Partners LLC now owns 638 shares of the construction company’s stock worth $37,000 after purchasing an additional 253 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of Taylor Morrison Home in the 4th quarter valued at $40,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Taylor Morrison Home in the 4th quarter valued at $45,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Stock Down 0.0%

TMHC opened at $72.45 on Friday. The company has a current ratio of 7.66, a quick ratio of 1.45 and a debt-to-equity ratio of 0.37. Taylor Morrison Home Corporation has a 1-year low of $54.15 and a 1-year high of $72.50. The business has a 50 day moving average of $68.68 and a 200-day moving average of $64.21. The stock has a market capitalization of $6.77 billion, a price-to-earnings ratio of 10.81, a P/E/G ratio of 1.70 and a beta of 1.44.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, April 22nd. The construction company reported $1.12 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the business posted $2.07 EPS. The business’s quarterly revenue was down 26.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Taylor Morrison Home Corporation will post 5.26 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on TMHC shares. Weiss Ratings downgraded Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, April 24th. Seaport Research Partners reaffirmed a “sell” rating and issued a $49.00 price target (down from $85.00) on shares of Taylor Morrison Home in a research note on Tuesday, April 7th. Raymond James Financial lowered Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a report on Friday, June 26th. Bank of America lowered their target price on Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Finally, Citizens Jmp lowered shares of Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a research note on Monday, June 1st. Two analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Taylor Morrison Home currently has a consensus rating of “Hold” and a consensus price target of $77.43.

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.