Harbor Investment Advisory LLC reduced its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC – Get Rating ) by 84.3% during the first quarter, HoldingsChannel.com reports. The fund owned 2,266 shares of the construction company’s stock after selling 12,188 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Taylor Morrison Home were worth $62,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Camden Capital LLC boosted its stake in shares of Taylor Morrison Home by 4.6% in the fourth quarter. Camden Capital LLC now owns 8,307 shares of the construction company’s stock valued at $290,000 after buying an additional 363 shares during the period. Janney Montgomery Scott LLC boosted its position in Taylor Morrison Home by 3.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 14,918 shares of the construction company’s stock valued at $522,000 after buying an additional 448 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Taylor Morrison Home by 9.8% in the 4th quarter. Signaturefd LLC now owns 5,287 shares of the construction company’s stock valued at $185,000 after purchasing an additional 471 shares in the last quarter. Hancock Whitney Corp boosted its holdings in shares of Taylor Morrison Home by 0.7% in the 4th quarter. Hancock Whitney Corp now owns 72,542 shares of the construction company’s stock valued at $2,537,000 after buying an additional 511 shares in the last quarter. Finally, Larson Financial Group LLC purchased a new position in shares of Taylor Morrison Home in the 4th quarter valued at about $26,000. The hedge funds and other institutional investors own 94.05% of the company’s stock.
Several equities analysts recently weighed in on TMHC shares. BTIG Research cut their target price on Taylor Morrison Home from $40.00 to $35.00 in a report on Thursday, April 28th. StockNews.com initiated coverage on Taylor Morrison Home in a report on Thursday, March 31st. They assign a “hold” rating to the company. B. Riley lowered Taylor Morrison Home from a “buy” rating to a “neutral” rating and decreased their target price for the company from $36.00 to $28.00 in a research report on Thursday, June 16th. Barclays lowered Taylor Morrison Home from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $41.00 to $33.00 in a research report on Thursday, March 31st. Finally, Credit Suisse Group began coverage on Taylor Morrison Home in a research report on Tuesday, April 5th. They issued a “neutral” rating and a $32.00 target price for the company. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $30.14.
NYSE TMHC opened at $24.60 on Monday. The company has a market cap of $2.94 billion, a PE ratio of 4.16 and a beta of 1.70. The company has a debt-to-equity ratio of 0.74, a quick earnings ratio of 0.83 and a current ratio of 5.62. The business’s fifty day moving average is $26.28 and the 200 day moving average is $28.83. Taylor Morrison Home Co. has a fifty-two week low of $20.05 and a fifty-two week high of $35.51.
Taylor Morrison Home (NYSE:TMHC – Get Rating ) last announced its quarterly earnings data on Wednesday, April 27th. The construction company reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.23. The business had revenue of $1.70 billion during the quarter, compared to analysts’ estimates of $1.65 billion. Taylor Morrison Home had a net margin of 9.53% and a return on equity of 19.17%. The company’s revenue increased by 20.1% year-on-year. During the same period last year, the firm reported $0.75 EPS. On average, sell-side analysts predict that Taylor Morrison Home Co. will post 9.15 EPS for the current year.
Taylor Morrison Home Company Profile (Get Rating)
Taylor Morrison Home Corporation, together with its subsidiaries, operates as a publicly traded homebuilder in the United States. The company designs, builds and sells single-family and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It also develops and builds mixed-use properties consisting of retail, retail and multi-family properties under the Urban Form brand; and offers title insurance and settlement closing services as well as financial services.
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