Hsbc Holdings PLC Has $3.96 Million Stock Position in Taylor Morrison Home Corporation $TMHC

Hsbc Holdings PLC lowered its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 82.3% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 68,524 shares of the construction company’s stock after selling 318,199 shares during the period. Hsbc Holdings PLC’s holdings in Taylor Morrison Home were worth $3,965,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its holdings in Taylor Morrison Home by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,401,801 shares of the construction company’s stock valued at $376,876,000 after purchasing an additional 57,326 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Taylor Morrison Home by 67.6% in the 4th quarter. AQR Capital Management LLC now owns 3,710,885 shares of the construction company’s stock worth $218,274,000 after buying an additional 1,497,329 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Taylor Morrison Home by 96.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,554,498 shares of the construction company’s stock worth $148,774,000 after buying an additional 1,251,558 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in shares of Taylor Morrison Home by 2.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,398,394 shares of the construction company’s stock worth $141,194,000 after buying an additional 60,236 shares during the period. Finally, Morgan Stanley boosted its stake in Taylor Morrison Home by 10.4% in the 4th quarter. Morgan Stanley now owns 1,973,433 shares of the construction company’s stock valued at $116,176,000 after buying an additional 185,381 shares in the last quarter. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Up 0.0%

Shares of Taylor Morrison Home stock opened at $72.46 on Friday. The company has a market capitalization of $6.77 billion, a P/E ratio of 10.81, a price-to-earnings-growth ratio of 1.70 and a beta of 1.44. The company has a debt-to-equity ratio of 0.37, a current ratio of 7.66 and a quick ratio of 1.45. The business has a 50-day moving average of $69.04 and a two-hundred day moving average of $64.27. Taylor Morrison Home Corporation has a 1 year low of $54.15 and a 1 year high of $72.50.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, April 22nd. The construction company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.30. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.33 billion. Taylor Morrison Home had a return on equity of 11.48% and a net margin of 8.77%.Taylor Morrison Home’s revenue for the quarter was down 26.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.07 EPS. As a group, equities analysts predict that Taylor Morrison Home Corporation will post 5.26 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TMHC shares. Weiss Ratings reissued a “hold (c)” rating on shares of Taylor Morrison Home in a report on Tuesday. Seaport Research Partners reaffirmed a “sell” rating and set a $49.00 price objective (down from $85.00) on shares of Taylor Morrison Home in a research note on Tuesday, April 7th. Zacks Research raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 22nd. Raymond James Financial cut shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research note on Friday, June 26th. Finally, Truist Financial reduced their target price on Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating on the stock in a report on Monday, June 1st. Two research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $77.43.

Taylor Morrison Home Company Profile

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.