Hancock Whitney Corp raised its holdings in shares of Taylor Morrison Home Corp (NYSE:TMHC) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 331,910 shares of the construction company’s stock after purchasing an additional 4,520 shares during the period. Hancock Whitney Corp owned about 0.28% of Taylor Morrison Home worth $5,277,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in TMHC. BerganKDV Wealth Management LLC lifted its stake in Taylor Morrison Home by 237.6% during the fourth quarter. BerganKDV Wealth Management LLC now owns 1,688 shares of the construction company’s stock valued at $27,000 after buying an additional 1,188 shares in the last quarter. Strs Ohio purchased a new stake in Taylor Morrison Home during the fourth quarter valued at about $28,000. Stamos Capital Partners L.P. purchased a new stake in Taylor Morrison Home during the fourth quarter valued at about $64,000. Bank of Montreal Can lifted its stake in Taylor Morrison Home by 301.4% during the fourth quarter. Bank of Montreal Can now owns 4,748 shares of the construction company’s stock valued at $75,000 after buying an additional 3,565 shares in the last quarter. Finally, Commonwealth Bank of Australia purchased a new stake in Taylor Morrison Home during the third quarter valued at about $137,000.
A number of analysts have commented on TMHC shares. ValuEngine raised shares of Taylor Morrison Home from a “strong sell” rating to a “sell” rating in a research note on Thursday. Zacks Investment Research lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Saturday, January 12th. TheStreet raised shares of Taylor Morrison Home from a “c+” rating to a “b-” rating in a research report on Monday, January 28th. Wells Fargo & Co lowered shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating and set a $21.50 price target for the company. in a research report on Monday, January 14th. Finally, JPMorgan Chase & Co. raised shares of Taylor Morrison Home from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $18.50 to $20.00 in a research report on Thursday, March 7th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $21.17.
NYSE:TMHC traded up $0.14 during mid-day trading on Monday, reaching $19.09. The stock had a trading volume of 920,504 shares, compared to its average volume of 1,347,064. Taylor Morrison Home Corp has a fifty-two week low of $14.73 and a fifty-two week high of $24.39. The company has a market capitalization of $2.09 billion, a P/E ratio of 7.20, a P/E/G ratio of 0.81 and a beta of 1.16. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.89 and a current ratio of 7.70.
Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, February 13th. The construction company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.40. Taylor Morrison Home had a return on equity of 12.90% and a net margin of 4.88%. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share. The firm’s revenue was up 12.2% on a year-over-year basis. As a group, sell-side analysts forecast that Taylor Morrison Home Corp will post 2.43 earnings per share for the current fiscal year.
Taylor Morrison Home Profile
Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family and multi-family attached and detached homes; and develops lifestyle and master-planned communities. It operates under the Taylor Morrison and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.
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