Bank of New York Mellon Corp Sells 26,241 Shares of Taylor Morrison Home Corporation $TMHC

Bank of New York Mellon Corp trimmed its holdings in Taylor Morrison Home Corporation (NYSE:TMHC) by 3.5% in the first quarter, Holdings Channel reports. The fund owned 716,225 shares of the construction company’s stock after selling 26,241 shares during the period. Bank of New York Mellon Corp’s holdings in Taylor Morrison Home were worth $41,713,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of TMHC. Miller Capital Partners Inc. acquired a new stake in Taylor Morrison Home during the 4th quarter worth approximately $27,000. Brown Brothers Harriman & Co. bought a new position in Taylor Morrison Home during the 4th quarter worth about $33,000. Root Financial Partners LLC increased its holdings 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 purchasing an additional 253 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Taylor Morrison Home in the 4th quarter valued at about $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.

Analyst Ratings Changes

Several research firms have commented on TMHC. Barclays restated an “equal weight” rating and issued a $73.00 target price (up from $69.00) on shares of Taylor Morrison Home in a research note on Tuesday, July 14th. Zacks Research raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 22nd. Seaport Research Partners restated 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. Truist Financial lowered their price target on shares of 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, Citigroup cut shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research report on Monday, June 1st. Two analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Taylor Morrison Home currently has an average rating of “Hold” and an average target price of $77.43.

Taylor Morrison Home Stock Up 0.0%

TMHC opened at $72.46 on Friday. The stock has a fifty day moving average of $69.04 and a 200-day moving average of $64.27. The company has a market capitalization of $6.77 billion, a P/E ratio of 10.81, a P/E/G ratio of 1.70 and a beta of 1.44. Taylor Morrison Home Corporation has a fifty-two week low of $54.15 and a fifty-two week high of $72.50. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.45 and a current ratio of 7.66.

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, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the firm earned $2.07 earnings per share. Taylor Morrison Home’s revenue for the quarter was down 26.8% compared to the same quarter last year. On average, equities analysts expect that Taylor Morrison Home Corporation will post 5.26 EPS for the current year.

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.