Livforsakringsbolaget Skandia Omsesidigt Lowers Stock Holdings in Taylor Morrison Home Corporation $TMHC

Livforsakringsbolaget Skandia Omsesidigt trimmed its position in Taylor Morrison Home Corporation (NYSE:TMHC) by 16.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 46,500 shares of the construction company’s stock after selling 9,000 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Taylor Morrison Home were worth $2,736,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC lifted its holdings in shares of Taylor Morrison Home by 73.8% in the third quarter. AQR Capital Management LLC now owns 2,213,556 shares of the construction company’s stock worth $146,117,000 after buying an additional 940,138 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Taylor Morrison Home by 61.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,833,814 shares of the construction company’s stock worth $107,957,000 after buying an additional 695,471 shares in the last quarter. Norges Bank purchased a new stake in shares of Taylor Morrison Home in the fourth quarter worth about $84,994,000. Assenagon Asset Management S.A. lifted its holdings in shares of Taylor Morrison Home by 96.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,302,940 shares of the construction company’s stock worth $76,704,000 after buying an additional 638,321 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of Taylor Morrison Home by 360.1% in the third quarter. Alliancebernstein L.P. now owns 1,284,221 shares of the construction company’s stock worth $84,771,000 after buying an additional 1,005,116 shares in the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TMHC has been the topic of a number of recent analyst reports. Bank of America lowered their price target on shares of Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Citizens Jmp downgraded shares of Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a report on Monday. Seaport Research Partners reaffirmed a “sell” rating and issued a $49.00 target price (down from $85.00) on shares of Taylor Morrison Home in a research note on Tuesday, April 7th. Royal Bank Of Canada downgraded shares of Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and raised their target price for the company from $69.00 to $72.50 in a research note on Tuesday. Finally, Barclays raised their target price on shares of Taylor Morrison Home from $68.00 to $69.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $76.86.

Taylor Morrison Home Trading Down 0.0%

Shares of TMHC opened at $71.51 on Friday. The firm’s 50 day simple moving average is $60.15 and its 200 day simple moving average is $61.47. The company has a market capitalization of $6.68 billion, a P/E ratio of 10.67, a P/E/G ratio of 1.65 and a beta of 1.47. The company has a debt-to-equity ratio of 0.37, a current ratio of 7.66 and a quick ratio of 1.45. 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 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 the consensus estimate of $1.33 billion. Taylor Morrison Home had a net margin of 8.77% and a return on equity of 11.48%. Taylor Morrison Home’s quarterly revenue was down 26.8% on a year-over-year basis. During the same period last year, the firm posted $2.07 earnings per share. Sell-side analysts forecast that Taylor Morrison Home Corporation will post 5.36 earnings per share for the current fiscal year.

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.