Hancock Whitney Corp lowered its position in Taylor Morrison Home Corp (NYSE:TMHC) by 0.9% during the 1st quarter, Holdings Channel reports. The firm owned 193,778 shares of the construction company’s stock after selling 1,819 shares during the quarter. Hancock Whitney Corp’s holdings in Taylor Morrison Home were worth $2,132,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. BlackRock Inc. grew its stake in Taylor Morrison Home by 92.0% in the first quarter. BlackRock Inc. now owns 17,492,399 shares of the construction company’s stock worth $192,415,000 after purchasing an additional 8,381,898 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Taylor Morrison Home by 41.8% during the first quarter. Bank of New York Mellon Corp now owns 3,364,072 shares of the construction company’s stock worth $37,005,000 after buying an additional 992,497 shares during the period. State Street Corp lifted its holdings in Taylor Morrison Home by 13.2% during the fourth quarter. State Street Corp now owns 3,101,411 shares of the construction company’s stock worth $67,797,000 after buying an additional 361,133 shares during the period. Echo Street Capital Management LLC lifted its holdings in Taylor Morrison Home by 30.9% during the fourth quarter. Echo Street Capital Management LLC now owns 2,619,460 shares of the construction company’s stock worth $57,261,000 after buying an additional 619,103 shares during the period. Finally, Macquarie Group Ltd. lifted its holdings in Taylor Morrison Home by 39.0% during the fourth quarter. Macquarie Group Ltd. now owns 2,076,496 shares of the construction company’s stock worth $45,392,000 after buying an additional 582,508 shares during the period. 90.84% of the stock is currently owned by institutional investors.
TMHC has been the subject of a number of analyst reports. Royal Bank of Canada restated a “buy” rating and set a $18.00 target price on shares of Taylor Morrison Home in a report on Thursday, March 26th. ValuEngine lowered Taylor Morrison Home from a “sell” rating to a “strong sell” rating in a report on Wednesday, February 26th. Zacks Investment Research lowered Taylor Morrison Home from a “strong-buy” rating to a “sell” rating in a report on Wednesday, April 15th. JPMorgan Chase & Co. lowered Taylor Morrison Home from an “overweight” rating to a “neutral” rating and set a $10.00 price objective for the company. in a report on Wednesday, March 18th. Finally, Barclays reiterated a “hold” rating and set a $15.00 price objective on shares of Taylor Morrison Home in a report on Tuesday, March 31st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Taylor Morrison Home has a consensus rating of “Hold” and an average price target of $14.83.
NYSE TMHC opened at $18.16 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 8.01 and a quick ratio of 0.96. The stock’s fifty day moving average price is $12.79 and its 200 day moving average price is $19.82. Taylor Morrison Home Corp has a 1 year low of $6.39 and a 1 year high of $28.47. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 5.76 and a beta of 1.57.
Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, May 6th. The construction company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.06. Taylor Morrison Home had a return on equity of 12.35% and a net margin of 3.32%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the firm earned $0.49 EPS. The firm’s revenue was up 45.5% on a year-over-year basis. Research analysts expect that Taylor Morrison Home Corp will post 2.28 earnings per share for the current year.
In related news, CAO Joseph Terracciano sold 3,259 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $26.48, for a total value of $86,298.32. Following the transaction, the chief accounting officer now directly owns 1,752 shares of the company’s stock, valued at approximately $46,392.96. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.90% of the stock is owned by corporate insiders.
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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