American International Group Inc. cut its holdings in shares of Taylor Morrison Home Corp (NYSE:TMHC) by 4.5% during the first quarter, HoldingsChannel reports. The firm owned 73,619 shares of the construction company’s stock after selling 3,438 shares during the period. American International Group Inc.’s holdings in Taylor Morrison Home were worth $1,307,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Victory Capital Management Inc. increased its position in shares of Taylor Morrison Home by 4.1% during the fourth quarter. Victory Capital Management Inc. now owns 23,357 shares of the construction company’s stock worth $371,000 after purchasing an additional 910 shares in the last quarter. First Mercantile Trust Co. increased its position in shares of Taylor Morrison Home by 10.6% during the first quarter. First Mercantile Trust Co. now owns 10,494 shares of the construction company’s stock worth $186,000 after purchasing an additional 1,004 shares in the last quarter. BerganKDV Wealth Management LLC increased its position in shares of Taylor Morrison Home by 237.6% during the fourth quarter. BerganKDV Wealth Management LLC now owns 1,688 shares of the construction company’s stock worth $27,000 after purchasing an additional 1,188 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Taylor Morrison Home by 26.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 7,463 shares of the construction company’s stock worth $119,000 after purchasing an additional 1,577 shares in the last quarter. Finally, Strs Ohio acquired a new position in shares of Taylor Morrison Home during the fourth quarter worth $28,000.

In other Taylor Morrison Home news, insider Joseph Terracciano sold 1,964 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $20.71, for a total value of $40,674.44. Following the sale, the insider now directly owns 2,015 shares of the company’s stock, valued at $41,730.65. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

NYSE TMHC opened at $20.13 on Tuesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.63 and a current ratio of 7.85. Taylor Morrison Home Corp has a 1 year low of $14.73 and a 1 year high of $22.27. The firm has a market capitalization of $2.14 billion, a P/E ratio of 7.60, a PEG ratio of 0.98 and a beta of 1.06.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, May 1st. The construction company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.36 by $0.10. Taylor Morrison Home had a net margin of 4.83% and a return on equity of 12.89%. The company had revenue of $925.10 million for the quarter, compared to analyst estimates of $872.44 million. During the same period in the prior year, the company earned $0.41 earnings per share. The firm’s revenue was up 23.0% on a year-over-year basis. On average, analysts expect that Taylor Morrison Home Corp will post 2.62 earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on TMHC. Royal Bank of Canada raised Taylor Morrison Home from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $23.00 to $25.00 in a research report on Thursday, May 16th. ValuEngine raised Taylor Morrison Home from a “sell” rating to a “hold” rating in a research report on Tuesday, May 14th. Wedbush raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating and upped their target price for the company from $22.00 to $24.00 in a research report on Monday, May 13th. Barclays raised Taylor Morrison Home from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $19.00 to $20.00 in a research report on Monday, May 13th. Finally, Zacks Investment Research raised Taylor Morrison Home from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Saturday, May 4th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Taylor Morrison Home has a consensus rating of “Buy” and an average price target of $22.77.

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Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family and multi-family attached and detached homes; and develops lifestyle and master-planned communities. It operates under the Taylor Morrison and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.

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Institutional Ownership by Quarter for Taylor Morrison Home (NYSE:TMHC)

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