Hodges Capital Management Inc. Has $11.44 Million Stake in Taylor Morrison Home Corporation $TMHC

Hodges Capital Management Inc. trimmed its holdings in Taylor Morrison Home Corporation (NYSE:TMHC) by 14.0% in the fourth quarter, Holdings Channel reports. The fund owned 194,399 shares of the construction company’s stock after selling 31,681 shares during the period. Hodges Capital Management Inc.’s holdings in Taylor Morrison Home were worth $11,444,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Focus Partners Advisor Solutions LLC acquired a new position in Taylor Morrison Home in the fourth quarter valued at about $240,000. Cerity Partners LLC grew its stake in Taylor Morrison Home by 9.8% in the fourth quarter. Cerity Partners LLC now owns 63,974 shares of the construction company’s stock valued at $3,766,000 after acquiring an additional 5,699 shares during the period. LPL Financial LLC grew its stake in Taylor Morrison Home by 12.8% in the fourth quarter. LPL Financial LLC now owns 10,999 shares of the construction company’s stock valued at $648,000 after acquiring an additional 1,250 shares during the period. Los Angeles Capital Management LLC acquired a new position in Taylor Morrison Home in the fourth quarter valued at about $45,000. Finally, 111 Capital acquired a new position in Taylor Morrison Home in the fourth quarter valued at about $262,000. 95.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TMHC has been the subject of several recent research reports. Citigroup cut Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research report on Monday, June 1st. Wolfe Research cut Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a research report on Wednesday. Barclays upped their price objective on Taylor Morrison Home from $68.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Truist Financial reduced their price objective on Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating for the company in a research report on Monday, June 1st. Finally, Zacks Research raised Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 22nd. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Taylor Morrison Home has a consensus rating of “Hold” and a consensus target price of $76.86.

Taylor Morrison Home Stock Down 0.1%

TMHC stock opened at $71.59 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 7.66 and a quick ratio of 1.45. The stock has a market capitalization of $6.69 billion, a P/E ratio of 10.68, a P/E/G ratio of 1.65 and a beta of 1.47. The business has a 50-day moving average of $61.21 and a 200-day moving average of $61.85. Taylor Morrison Home Corporation has a fifty-two week low of $54.15 and a fifty-two week high of $72.50.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, April 22nd. The construction company reported $1.12 earnings per share 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 company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the prior year, the firm earned $2.07 earnings per share. Taylor Morrison Home’s revenue for the quarter was down 26.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Taylor Morrison Home Corporation will post 5.36 earnings per share for the current fiscal year.

About Taylor Morrison Home

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.