Lisanti Capital Growth LLC Sells 41,845 Shares of Taylor Morrison Home Corporation $TMHC

Lisanti Capital Growth LLC trimmed its position in Taylor Morrison Home Corporation (NYSE:TMHC) by 75.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,580 shares of the construction company’s stock after selling 41,845 shares during the quarter. Lisanti Capital Growth LLC’s holdings in Taylor Morrison Home were worth $799,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its position in shares of Taylor Morrison Home by 14.9% in the third quarter. Allworth Financial LP now owns 1,546 shares of the construction company’s stock worth $102,000 after purchasing an additional 200 shares during the period. PNC Financial Services Group Inc. raised its position in shares of 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 valued at $310,000 after purchasing an additional 204 shares during the period. Tectonic Advisors LLC lifted its stake in shares of Taylor Morrison Home by 0.7% during the 4th quarter. Tectonic Advisors LLC now owns 29,765 shares of the construction company’s stock valued at $1,752,000 after buying an additional 207 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of 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 valued at $55,000 after buying an additional 211 shares in the last quarter. Finally, Verdence Capital Advisors LLC boosted its holdings in Taylor Morrison Home by 3.3% in the 4th quarter. Verdence Capital Advisors LLC now owns 6,795 shares of the construction company’s stock worth $400,000 after buying an additional 220 shares during the period. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Price Performance

Shares of Taylor Morrison Home stock opened at $58.03 on Friday. The company has a current ratio of 7.66, a quick ratio of 1.45 and a debt-to-equity ratio of 0.37. The firm has a market cap of $5.42 billion, a PE ratio of 8.66, a PEG ratio of 1.34 and a beta of 1.51. Taylor Morrison Home Corporation has a 12 month low of $54.15 and a 12 month high of $72.50. The stock has a 50 day moving average of $59.17 and a 200 day moving average of $61.15.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, April 22nd. The construction company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.30. Taylor Morrison Home had a net margin of 8.77% and a return on equity of 11.48%. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the firm posted $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, research analysts expect that Taylor Morrison Home Corporation will post 5.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on TMHC. Seaport Research Partners reissued a “sell” rating and set a $49.00 price target (down from $85.00) on shares of Taylor Morrison Home in a report on Tuesday, April 7th. 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 note on Thursday, April 23rd. Zacks Research raised Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 22nd. Truist Financial lowered their price target on Taylor Morrison Home from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, April 16th. Finally, Wolfe Research restated an “outperform” rating and issued a $76.00 price target on shares of Taylor Morrison Home in a research note on Thursday, April 23rd. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $77.43.

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.