Trexquant Investment LP cut its position in Taylor Morrison (NYSE:TMHC) by 59.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,596 shares of the construction company’s stock after selling 32,989 shares during the quarter. Trexquant Investment LP’s holdings in Taylor Morrison were worth $526,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. California Public Employees Retirement System boosted its stake in Taylor Morrison by 6.5% in the 3rd quarter. California Public Employees Retirement System now owns 80,843 shares of the construction company’s stock valued at $1,783,000 after purchasing an additional 4,943 shares during the period. Swiss National Bank raised its holdings in Taylor Morrison by 14.0% in the 4th quarter. Swiss National Bank now owns 138,500 shares of the construction company’s stock valued at $3,389,000 after acquiring an additional 17,000 shares in the last quarter. Martingale Asset Management L P acquired a new position in Taylor Morrison in the 4th quarter valued at $3,254,000. Donald Smith & CO. Inc. raised its holdings in Taylor Morrison by 94.7% in the 4th quarter. Donald Smith & CO. Inc. now owns 6,502,696 shares of the construction company’s stock valued at $159,121,000 after acquiring an additional 3,162,765 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its holdings in Taylor Morrison by 52.8% in the 4th quarter. UBS Asset Management Americas Inc. now owns 45,133 shares of the construction company’s stock valued at $1,104,000 after acquiring an additional 15,598 shares in the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.
Taylor Morrison stock opened at $22.08 on Friday. The company has a quick ratio of 0.91, a current ratio of 7.28 and a debt-to-equity ratio of 0.64. Taylor Morrison has a 52 week low of $19.68 and a 52 week high of $28.42. The firm has a market cap of $2.45 billion, a PE ratio of 11.15, a price-to-earnings-growth ratio of 0.72 and a beta of 1.42.
Taylor Morrison (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, May 2nd. The construction company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. Taylor Morrison had a return on equity of 7.23% and a net margin of 3.24%. The company had revenue of $752.33 million during the quarter, compared to analysts’ expectations of $785.62 million. During the same quarter in the previous year, the firm earned $0.30 EPS. Taylor Morrison’s revenue was down 2.2% on a year-over-year basis. research analysts forecast that Taylor Morrison will post 2.61 EPS for the current year.
In other news, insider Joseph Terracciano sold 5,788 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $23.97, for a total transaction of $138,738.36. Following the completion of the transaction, the insider now owns 4,168 shares of the company’s stock, valued at approximately $99,906.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.40% of the stock is currently owned by insiders.
Several equities analysts have weighed in on the company. Zacks Investment Research cut Taylor Morrison from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Deutsche Bank lifted their price objective on Taylor Morrison from $27.00 to $28.00 and gave the company a “buy” rating in a report on Friday, February 23rd. ValuEngine cut Taylor Morrison from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Barclays set a $28.00 price objective on Taylor Morrison and gave the company an “equal weight” rating in a report on Thursday, February 8th. Finally, B. Riley lifted their price objective on Taylor Morrison from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. Taylor Morrison has an average rating of “Hold” and a consensus target price of $28.63.
Taylor Morrison Company Profile
Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family detached and attached 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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