Royce & Associates LP Cuts Holdings in Taylor Morrison Home Corporation $TMHC

Royce & Associates LP decreased its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 27.9% in the fourth quarter, HoldingsChannel reports. The firm owned 134,152 shares of the construction company’s stock after selling 51,813 shares during the quarter. Royce & Associates LP’s holdings in Taylor Morrison Home were worth $7,898,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TMHC. Root Financial Partners LLC purchased a new stake in Taylor Morrison Home during the third quarter valued at $27,000. Pinnacle Holdings LLC purchased a new stake in Taylor Morrison Home during the third quarter valued at $32,000. Huntington National Bank raised its stake in Taylor Morrison Home by 2,074.1% during the third quarter. Huntington National Bank now owns 587 shares of the construction company’s stock valued at $39,000 after purchasing an additional 560 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in Taylor Morrison Home during the fourth quarter valued at $40,000. Finally, First Horizon Corp raised its stake in Taylor Morrison Home by 151.1% during the fourth quarter. First Horizon Corp now owns 884 shares of the construction company’s stock valued at $52,000 after purchasing an additional 532 shares in the last quarter. Institutional investors own 95.16% of the company’s stock.

Analyst Ratings Changes

TMHC has been the topic of a number of recent research reports. Seaport Research Partners reaffirmed a “sell” rating and set a $49.00 price target (down from $85.00) on shares of Taylor Morrison Home in a research note on Tuesday, April 7th. Barclays upped 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. Zacks Research raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 22nd. Truist Financial decreased their price target on shares of Taylor Morrison Home from $85.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, April 16th. Finally, 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. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Taylor Morrison Home has a consensus rating of “Moderate Buy” and a consensus price target of $77.43.

Taylor Morrison Home Stock Down 1.0%

NYSE TMHC opened at $58.71 on Friday. The company has a quick ratio of 1.45, a current ratio of 7.66 and a debt-to-equity ratio of 0.37. The company has a fifty day moving average of $59.10 and a two-hundred day moving average of $61.16. The firm has a market capitalization of $5.49 billion, a price-to-earnings ratio of 8.76, a PEG ratio of 1.37 and a beta of 1.51. Taylor Morrison Home Corporation has a 52 week low of $54.15 and a 52 week 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, topping the consensus estimate of $0.82 by $0.30. The company 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%. Taylor Morrison Home’s quarterly revenue was down 26.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.07 earnings per share. On average, analysts predict that Taylor Morrison Home Corporation will post 5.36 earnings per share 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.