Vestcor Inc Decreases Stake in Taylor Morrison Home Corporation $TMHC

Vestcor Inc cut its holdings in Taylor Morrison Home Corporation (NYSE:TMHC) by 68.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,249 shares of the construction company’s stock after selling 11,268 shares during the quarter. Vestcor Inc’s holdings in Taylor Morrison Home were worth $309,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of TMHC. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Taylor Morrison Home by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 299,888 shares of the construction company’s stock valued at $18,005,000 after buying an additional 16,379 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Taylor Morrison Home by 30.7% in the second 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. M&T Bank Corp purchased a new stake in shares of Taylor Morrison Home in the second quarter valued at approximately $262,000. EverSource Wealth Advisors LLC boosted its stake in shares of Taylor Morrison Home by 406.8% in the second quarter. EverSource Wealth Advisors LLC now owns 897 shares of the construction company’s stock valued at $55,000 after buying an additional 720 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of Taylor Morrison Home by 12.0% in the second quarter. Marshall Wace LLP now owns 8,029 shares of the construction company’s stock valued at $493,000 after buying an additional 859 shares in the last quarter. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on TMHC shares. Seaport Research Partners reiterated 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. Truist Financial decreased their target price on Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating on the stock in a research report on Monday, June 1st. Weiss Ratings downgraded Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Citigroup downgraded Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research report on Monday, June 1st. Finally, Wolfe Research downgraded Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a research report on Wednesday. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Taylor Morrison Home presently has an average rating of “Hold” and an average target price of $76.86.

Taylor Morrison Home Stock Performance

NYSE TMHC opened at $71.64 on Wednesday. Taylor Morrison Home Corporation has a fifty-two week low of $54.15 and a fifty-two week high of $72.50. The stock has a market cap of $6.69 billion, a price-to-earnings ratio of 10.69, a price-to-earnings-growth ratio of 1.65 and a beta of 1.47. The business has a fifty day moving average of $60.92 and a 200-day moving average of $61.76. 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. 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 previous year, the firm posted $2.07 earnings per share. The business’s revenue for the quarter was down 26.8% compared to the same quarter last year. As a group, analysts predict that Taylor Morrison Home Corporation will post 5.36 earnings per share for the current fiscal year.

Taylor Morrison Home Company 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.