Sivia Capital Partners LLC Takes $498,000 Position in Taylor Morrison Home Corporation $TMHC

Sivia Capital Partners LLC purchased a new stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 8,465 shares of the construction company’s stock, valued at approximately $498,000.

A number of other hedge funds and other institutional investors have also modified their holdings of TMHC. Goldman Sachs Group Inc. raised its holdings in Taylor Morrison Home by 61.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,833,814 shares of the construction company’s stock worth $107,957,000 after acquiring an additional 695,471 shares during the period. Bridges Investment Management Inc. grew its position in Taylor Morrison Home by 5.1% in the 4th quarter. Bridges Investment Management Inc. now owns 52,028 shares of the construction company’s stock worth $3,063,000 after purchasing an additional 2,548 shares during the last quarter. Natixis Advisors LLC grew its position in Taylor Morrison Home by 3.4% in the 4th quarter. Natixis Advisors LLC now owns 126,155 shares of the construction company’s stock worth $7,427,000 after purchasing an additional 4,112 shares during the last quarter. AXQ Capital LP grew its position in Taylor Morrison Home by 274.5% in the 4th quarter. AXQ Capital LP now owns 16,824 shares of the construction company’s stock worth $990,000 after purchasing an additional 12,332 shares during the last quarter. Finally, Norges Bank acquired a new stake in Taylor Morrison Home in the 4th quarter worth $84,994,000. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Price Performance

NYSE:TMHC opened at $71.48 on Friday. Taylor Morrison Home Corporation has a 12 month low of $54.15 and a 12 month high of $72.50. The firm has a market cap of $6.68 billion, a PE ratio of 10.67, a price-to-earnings-growth ratio of 1.65 and a beta of 1.47. 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 company’s 50-day moving average price is $60.39 and its two-hundred day moving average price is $61.54.

Taylor Morrison Home (NYSE:TMHC) last announced 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. Taylor Morrison Home had a net margin of 8.77% and a return on equity of 11.48%. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the firm posted $2.07 earnings per share. The company’s revenue was down 26.8% on a year-over-year basis. On average, equities analysts anticipate that Taylor Morrison Home Corporation will post 5.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on TMHC shares. Truist Financial decreased their price target on shares of Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating on the stock in a research report on Monday. Royal Bank Of Canada lowered shares of Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from $69.00 to $72.50 in a research report on Tuesday. 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. Citizens Jmp lowered shares of Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a research report on Monday, June 1st. Finally, Bank of America decreased their price target on shares of 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. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $76.86.

About Taylor Morrison Home

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.