Livforsakringsbolaget Skandia Omsesidigt Sells 9,000 Shares of Taylor Morrison Home Corporation $TMHC

Livforsakringsbolaget Skandia Omsesidigt decreased its position in Taylor Morrison Home Corporation (NYSE:TMHC) by 16.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,500 shares of the construction company’s stock after selling 9,000 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Taylor Morrison Home were worth $2,736,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Pinnacle Holdings LLC bought a new position in Taylor Morrison Home during the third quarter valued at about $32,000. Huntington National Bank grew its position in Taylor Morrison Home by 2,074.1% during the third quarter. Huntington National Bank now owns 587 shares of the construction company’s stock valued at $39,000 after buying an additional 560 shares during the period. V Square Quantitative Management LLC bought a new position in Taylor Morrison Home during the fourth quarter valued at about $40,000. First Horizon Corp grew its position in Taylor Morrison Home by 151.1% during the fourth quarter. First Horizon Corp now owns 884 shares of the construction company’s stock valued at $52,000 after buying an additional 532 shares during the period. Finally, Rothschild Investment LLC grew its position in Taylor Morrison Home by 263.2% during the third quarter. Rothschild Investment LLC now owns 799 shares of the construction company’s stock valued at $53,000 after buying an additional 579 shares during the period. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Price Performance

Shares of NYSE:TMHC opened at $71.51 on Friday. The company has a quick ratio of 1.45, a current ratio of 7.66 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $6.68 billion, a PE ratio of 10.67, a P/E/G ratio of 1.65 and a beta of 1.47. Taylor Morrison Home Corporation has a twelve month low of $54.15 and a twelve month high of $72.50. The company has a 50-day moving average price of $60.15 and a two-hundred day moving average price of $61.47.

Taylor Morrison Home (NYSE:TMHC) last issued its 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 analyst estimates of $1.33 billion. Taylor Morrison Home had a net margin of 8.77% and a return on equity of 11.48%. The company’s quarterly revenue was down 26.8% on a year-over-year basis. During the same quarter last year, the business earned $2.07 earnings per share. Equities analysts forecast that Taylor Morrison Home Corporation will post 5.36 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TMHC. Citizens Jmp lowered shares of Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a research report on Monday. Wolfe Research restated an “outperform” rating and set a $76.00 price target on shares of Taylor Morrison Home in a research report on Thursday, April 23rd. Zacks Research upgraded shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 22nd. Truist Financial reduced their price target on shares of Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating for the company in a research report on Monday. Finally, Barclays increased their price target on shares of Taylor Morrison Home from $68.00 to $69.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $76.86.

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.