Abacus Wealth Partners LLC Purchases New Position in Taylor Morrison Home Corporation $TMHC

Abacus Wealth Partners LLC bought a new position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) during the 4th quarter, Holdings Channel reports. The institutional investor bought 27,537 shares of the construction company’s stock, valued at approximately $1,621,000.

Several other hedge funds have also recently bought and sold shares of TMHC. Root Financial Partners LLC bought a new stake in Taylor Morrison Home in the 3rd quarter valued at approximately $27,000. Pinnacle Holdings LLC acquired a new position in Taylor Morrison Home during the third quarter valued at approximately $32,000. Huntington National Bank boosted its position in Taylor Morrison Home by 2,074.1% during the third quarter. Huntington National Bank now owns 587 shares of the construction company’s stock valued at $39,000 after purchasing an additional 560 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in Taylor Morrison Home during the fourth quarter valued at approximately $40,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Taylor Morrison Home during the third quarter valued at approximately $49,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Taylor Morrison Home Trading Down 3.8%

Shares of Taylor Morrison Home stock opened at $54.80 on Friday. Taylor Morrison Home Corporation has a 1 year low of $54.58 and a 1 year high of $72.50. The firm’s 50 day moving average is $59.56 and its 200 day moving average is $61.23. The company has a current ratio of 7.66, a quick ratio of 1.45 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $5.12 billion, a PE ratio of 8.18, a price-to-earnings-growth ratio of 1.34 and a beta of 1.51.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, April 22nd. The construction company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.30. Taylor Morrison Home had a return on equity of 11.48% and a net margin of 8.77%.The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the prior year, the firm earned $2.07 EPS. The business’s revenue for the quarter was down 26.8% compared to the same quarter last year. Equities research analysts forecast that Taylor Morrison Home Corporation will post 5.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Seaport Research Partners restated a “sell” rating and issued a $49.00 price objective (down from $85.00) on shares of Taylor Morrison Home in a research note on Tuesday, April 7th. Weiss Ratings lowered shares of Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Wolfe Research reiterated an “outperform” rating and issued a $76.00 price objective on shares of Taylor Morrison Home in a research note on Thursday, April 23rd. Barclays raised their price objective on Taylor Morrison Home from $68.00 to $69.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. 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. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.