Whittier Trust Co. Trims Stock Position in Taylor Morrison Home Corporation $TMHC

Whittier Trust Co. cut its stake in Taylor Morrison Home Corporation (NYSE:TMHC) by 99.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 937 shares of the construction company’s stock after selling 102,976 shares during the quarter. Whittier Trust Co.’s holdings in Taylor Morrison Home were worth $55,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Miller Capital Partners Inc. bought a new stake in shares of Taylor Morrison Home during the 4th quarter valued at about $27,000. Brown Brothers Harriman & Co. bought a new position in Taylor Morrison Home in the fourth quarter worth about $33,000. Root Financial Partners LLC lifted its holdings in Taylor Morrison Home by 65.7% in the first quarter. Root Financial Partners LLC now owns 638 shares of the construction company’s stock worth $37,000 after buying an additional 253 shares during the period. V Square Quantitative Management LLC purchased a new stake in Taylor Morrison Home in the fourth quarter worth about $40,000. Finally, Los Angeles Capital Management LLC bought a new stake in Taylor Morrison Home during the 4th quarter valued at approximately $45,000. 95.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TMHC shares. 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. Barclays raised their target price on Taylor Morrison Home from $68.00 to $69.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Citizens Jmp lowered Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a research report on Monday, June 1st. Weiss Ratings cut Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Finally, Citigroup cut Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research note on Monday, June 1st. Three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $76.86.

Taylor Morrison Home Stock Down 0.1%

Shares of NYSE:TMHC opened at $71.83 on Friday. The stock has a fifty day simple moving average of $66.09 and a two-hundred day simple moving average of $63.29. The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of 10.72, a PEG ratio of 1.69 and a beta of 1.44. Taylor Morrison Home Corporation has a 12-month low of $54.15 and a 12-month high of $72.50. The company has a current ratio of 7.66, a quick ratio of 1.45 and a debt-to-equity ratio of 0.37.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, April 22nd. The construction company reported $1.12 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the company posted $2.07 earnings per share. The company’s revenue for the quarter was down 26.8% compared to the same quarter last year. On average, research analysts anticipate that Taylor Morrison Home Corporation will post 5.26 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.