Peregrine Capital Management LLC Has $4.31 Million Position in Taylor Morrison Home Corporation $TMHC

Peregrine Capital Management LLC lessened its position in Taylor Morrison Home Corporation (NYSE:TMHC) by 8.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 73,971 shares of the construction company’s stock after selling 7,108 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.08% of Taylor Morrison Home worth $4,308,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Inspire Investing LLC grew its stake in shares of Taylor Morrison Home by 12.0% during the 1st quarter. Inspire Investing LLC now owns 10,745 shares of the construction company’s stock worth $626,000 after acquiring an additional 1,151 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Taylor Morrison Home by 9.8% during the first quarter. Janney Montgomery Scott LLC now owns 24,035 shares of the construction company’s stock worth $1,400,000 after purchasing an additional 2,151 shares during the last quarter. Pictet Asset Management Holding SA grew its position in Taylor Morrison Home by 5.4% in the first quarter. Pictet Asset Management Holding SA now owns 15,194 shares of the construction company’s stock valued at $885,000 after purchasing an additional 772 shares in the last quarter. Foster & Motley Inc. grew its position in Taylor Morrison Home by 6.5% in the first quarter. Foster & Motley Inc. now owns 54,786 shares of the construction company’s stock valued at $3,191,000 after purchasing an additional 3,355 shares in the last quarter. Finally, Louisiana State Employees Retirement System acquired a new stake in Taylor Morrison Home in the 1st quarter valued at $1,648,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

Shares of NYSE TMHC opened at $71.83 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. 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 $65.28 and a 200-day moving average of $62.92. The company has a market capitalization of $6.71 billion, a P/E ratio of 10.72, a P/E/G ratio of 1.68 and a beta of 1.44.

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, beating the consensus estimate of $0.82 by $0.30. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Taylor Morrison Home had a net margin of 8.77% and a return on equity of 11.48%. The business’s revenue was down 26.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.07 EPS. As a group, equities research analysts predict that Taylor Morrison Home Corporation will post 5.26 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on TMHC. Citizens Jmp cut shares of Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a research report on Monday, June 1st. Bank of America lowered their target price on Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th. Truist Financial dropped their target price on Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating on the stock in a report on Monday, June 1st. Weiss Ratings cut Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Finally, Raymond James Financial downgraded Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research note on Friday, June 26th. Three equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Taylor Morrison Home presently has an average rating of “Hold” and an average 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.