Voya Investment Management LLC Has $1.68 Million Holdings in Taylor Morrison Home Corporation $TMHC

Voya Investment Management LLC lowered its position in Taylor Morrison Home Corporation (NYSE:TMHC) by 32.3% during the third quarter, Holdings Channel reports. The firm owned 25,413 shares of the construction company’s stock after selling 12,126 shares during the period. Voya Investment Management LLC’s holdings in Taylor Morrison Home were worth $1,678,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Atlantic Union Bankshares Corp acquired a new stake in shares of Taylor Morrison Home during the second quarter worth $28,000. AlphaCore Capital LLC acquired a new stake in Taylor Morrison Home during the 2nd quarter worth about $37,000. Parallel Advisors LLC grew its holdings in Taylor Morrison Home by 29.9% during the 2nd quarter. Parallel Advisors LLC now owns 882 shares of the construction company’s stock worth $54,000 after acquiring an additional 203 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Taylor Morrison Home by 406.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 897 shares of the construction company’s stock worth $55,000 after acquiring an additional 720 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Taylor Morrison Home by 30.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 899 shares of the construction company’s stock valued at $55,000 after purchasing an additional 211 shares during the period. 95.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on TMHC shares. Barclays reaffirmed an “overweight” rating and set a $71.00 target price on shares of Taylor Morrison Home in a research note on Monday, December 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Taylor Morrison Home in a research report on Monday, December 22nd. Royal Bank Of Canada dropped their target price on shares of Taylor Morrison Home from $75.00 to $68.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. Bank of America cut their target price on shares of Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating on the stock in a research note on Friday, October 10th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $85.00 price target on shares of Taylor Morrison Home in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Taylor Morrison Home currently has a consensus rating of “Buy” and a consensus price target of $75.57.

Taylor Morrison Home Price Performance

Shares of NYSE:TMHC opened at $59.10 on Tuesday. Taylor Morrison Home Corporation has a twelve month low of $51.90 and a twelve month high of $72.50. The stock’s 50 day moving average is $60.53 and its 200-day moving average is $63.19. The company has a quick ratio of 1.02, a current ratio of 7.02 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $5.77 billion, a price-to-earnings ratio of 7.12 and a beta of 1.57.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings results on Wednesday, October 22nd. The construction company reported $2.11 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.18. Taylor Morrison Home had a net margin of 10.16% and a return on equity of 15.23%. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the business posted $2.40 EPS. Taylor Morrison Home’s quarterly revenue was down 1.2% on a year-over-year basis. Sell-side analysts forecast that Taylor Morrison Home Corporation will post 8.93 EPS for the current fiscal year.

Taylor Morrison Home 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.