Vanguard Group Inc. Sells 279,302 Shares of Taylor Morrison Home Corporation $TMHC

Vanguard Group Inc. decreased its position in Taylor Morrison Home Corporation (NYSE:TMHC) by 2.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 9,396,572 shares of the construction company’s stock after selling 279,302 shares during the quarter. Vanguard Group Inc. owned about 0.10% of Taylor Morrison Home worth $553,176,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TMHC. AlphaQuest LLC increased its stake in shares of Taylor Morrison Home by 97.3% during the 3rd quarter. AlphaQuest LLC now owns 38,734 shares of the construction company’s stock valued at $2,557,000 after acquiring an additional 19,098 shares during the last quarter. Penn Capital Management Company LLC acquired a new position in shares of Taylor Morrison Home during the 3rd quarter valued at about $13,201,000. Nordea Investment Management AB increased its stake in shares of Taylor Morrison Home by 10.0% during the 3rd quarter. Nordea Investment Management AB now owns 193,249 shares of the construction company’s stock valued at $12,689,000 after acquiring an additional 17,595 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in shares of Taylor Morrison Home during the 3rd quarter valued at about $2,088,000. Finally, Whittier Trust Co. acquired a new position in shares of Taylor Morrison Home during the 3rd quarter valued at about $6,412,000. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Down 3.1%

Shares of NYSE:TMHC opened at $58.55 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.45 and a current ratio of 7.66. Taylor Morrison Home Corporation has a 1 year low of $54.58 and a 1 year high of $72.50. The stock has a market capitalization of $5.47 billion, a P/E ratio of 8.74, a PEG ratio of 1.51 and a beta of 1.51. The stock has a 50-day simple moving average of $60.87 and a 200-day simple moving average of $61.44.

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 previous year, the business earned $2.07 EPS. The company’s revenue for the quarter was down 26.8% on a year-over-year basis. Equities analysts forecast that Taylor Morrison Home Corporation will post 4.92 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Wolfe Research reaffirmed an “outperform” rating and set a $76.00 price objective on shares of Taylor Morrison Home in a research note on Thursday, April 23rd. Citizens Jmp assumed coverage on shares of Taylor Morrison Home in a research note on Wednesday, January 7th. They set a “market outperform” rating and a $95.00 price objective for the company. Zacks Research raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 22nd. Citigroup assumed coverage on shares of Taylor Morrison Home in a research note on Wednesday, January 7th. They set an “outperform” rating for the company. Finally, Royal Bank Of Canada upped their price objective on shares of Taylor Morrison Home from $68.00 to $69.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.