Geode Capital Management LLC Has $144.89 Million Position in Taylor Morrison Home Corporation $TMHC

Geode Capital Management LLC lessened its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 0.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,460,871 shares of the construction company’s stock after selling 10,603 shares during the quarter. Geode Capital Management LLC’s holdings in Taylor Morrison Home were worth $144,894,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Pinnacle Holdings LLC acquired a new stake in Taylor Morrison Home during the 3rd quarter worth $32,000. Huntington National Bank grew its holdings in Taylor Morrison Home by 2,074.1% during the 3rd quarter. Huntington National Bank now owns 587 shares of the construction company’s stock worth $39,000 after acquiring an additional 560 shares during the period. V Square Quantitative Management LLC acquired a new stake in Taylor Morrison Home during the 4th quarter worth $40,000. Rothschild Investment LLC grew its holdings in Taylor Morrison Home by 263.2% during the 3rd quarter. Rothschild Investment LLC now owns 799 shares of the construction company’s stock worth $53,000 after acquiring an additional 579 shares during the period. Finally, First Horizon Corp grew its holdings in Taylor Morrison Home by 151.1% during the 4th quarter. First Horizon Corp now owns 884 shares of the construction company’s stock worth $52,000 after acquiring an additional 532 shares during the period. Institutional investors and hedge funds own 95.16% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on TMHC. Barclays lifted their target price on shares of Taylor Morrison Home from $68.00 to $69.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Citizens Jmp lowered shares of Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a report on Monday. Truist Financial lowered their target price on shares of Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating for the company in a report on Monday. Bank of America lowered their target price on shares of Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Finally, Zacks Research raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 22nd. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $76.86.

Taylor Morrison Home Trading Down 0.0%

Shares of NYSE TMHC opened at $71.51 on Friday. The company’s fifty day moving average is $60.15 and its 200-day moving average is $61.47. The stock has a market cap of $6.68 billion, a price-to-earnings ratio of 10.67, a P/E/G ratio of 1.65 and a beta of 1.47. Taylor Morrison Home Corporation has a twelve month low of $54.15 and a twelve month high of $72.50. The company has a quick ratio of 1.45, a current ratio of 7.66 and a debt-to-equity ratio of 0.37.

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, beating the consensus estimate of $0.82 by $0.30. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Taylor Morrison Home had a net margin of 8.77% and a return on equity of 11.48%. The firm’s revenue was down 26.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.07 EPS. Equities research analysts predict that Taylor Morrison Home Corporation will post 5.36 EPS for the current 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.