Taylor Morrison Home Corporation $TMHC Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC lessened its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 39.3% in the fourth quarter, Holdings Channel reports. The firm owned 394,725 shares of the construction company’s stock after selling 255,498 shares during the period. William Blair Investment Management LLC’s holdings in Taylor Morrison Home were worth $23,237,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Allworth Financial LP increased its position in Taylor Morrison Home by 14.9% during the 3rd quarter. Allworth Financial LP now owns 1,546 shares of the construction company’s stock worth $102,000 after purchasing an additional 200 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Taylor Morrison Home by 4.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,691 shares of the construction company’s stock worth $310,000 after purchasing an additional 204 shares in the last quarter. Tectonic Advisors LLC increased its position in Taylor Morrison Home by 0.7% during the 4th quarter. Tectonic Advisors LLC now owns 29,765 shares of the construction company’s stock worth $1,752,000 after purchasing an additional 207 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Taylor Morrison Home by 30.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 899 shares of the construction company’s stock worth $55,000 after purchasing an additional 211 shares in the last quarter. Finally, Verdence Capital Advisors LLC increased its position in Taylor Morrison Home by 3.3% during the 4th quarter. Verdence Capital Advisors LLC now owns 6,795 shares of the construction company’s stock worth $400,000 after purchasing an additional 220 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Seaport Research Partners reissued a “sell” rating and set a $49.00 target price (down from $85.00) on shares of Taylor Morrison Home in a research report on Tuesday, April 7th. Bank of America dropped their target price on shares of Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating for the company in a research report on Monday, April 20th. Weiss Ratings cut Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, April 24th. Barclays upped their price target on Taylor Morrison Home from $68.00 to $69.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Finally, Truist Financial decreased their price target on Taylor Morrison Home from $85.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, April 16th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Taylor Morrison Home presently has a consensus rating of “Moderate Buy” and an average price target of $77.43.

Taylor Morrison Home Stock Up 0.1%

NYSE TMHC opened at $58.03 on Tuesday. The stock has a market cap of $5.42 billion, a PE ratio of 8.66, a P/E/G ratio of 1.34 and a beta of 1.51. Taylor Morrison Home Corporation has a fifty-two week low of $54.15 and a fifty-two week high of $72.50. The business has a 50 day moving average price of $59.16 and a two-hundred day moving average price of $61.16. The company has a quick ratio of 1.45, a current ratio of 7.66 and a debt-to-equity ratio of 0.37.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, April 22nd. The construction company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.30. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Taylor Morrison Home had a return on equity of 11.48% and a net margin of 8.77%.Taylor Morrison Home’s quarterly revenue was down 26.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.07 EPS. As a group, sell-side analysts predict that Taylor Morrison Home Corporation will post 5.36 EPS for the current fiscal year.

Taylor Morrison Home 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.