Basswood Capital Management L.L.C. Has $27.30 Million Holdings in Taylor Morrison Home Corporation $TMHC

Basswood Capital Management L.L.C. reduced its position in Taylor Morrison Home Corporation (NYSE:TMHC) by 12.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 463,687 shares of the construction company’s stock after selling 65,862 shares during the quarter. Taylor Morrison Home makes up about 1.1% of Basswood Capital Management L.L.C.’s investment portfolio, making the stock its 27th largest holding. Basswood Capital Management L.L.C.’s holdings in Taylor Morrison Home were worth $27,297,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Allworth Financial LP increased its position in Taylor Morrison Home by 14.9% in the 3rd 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 last quarter. PNC Financial Services Group Inc. increased its holdings 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 acquiring an additional 204 shares during the last quarter. Tectonic Advisors LLC increased its holdings 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 acquiring an additional 207 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings 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 acquiring an additional 211 shares during the last quarter. Finally, Verdence Capital Advisors LLC increased its holdings in shares of Taylor Morrison Home by 3.3% during the 4th quarter. Verdence Capital Advisors LLC now owns 6,795 shares of the construction company’s stock valued at $400,000 after acquiring an additional 220 shares during the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Price Performance

Shares of TMHC stock opened at $71.90 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 company has a market capitalization of $6.72 billion, a P/E ratio of 10.73, a P/E/G ratio of 1.66 and a beta of 1.47. 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 $61.76 and a two-hundred day moving average of $62.00.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, April 22nd. The construction company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.82 by $0.30. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.33 billion. Taylor Morrison Home had a return on equity of 11.48% and a net margin of 8.77%.Taylor Morrison Home’s revenue was down 26.8% on a year-over-year basis. During the same quarter last year, the company earned $2.07 EPS. As a group, equities analysts expect that Taylor Morrison Home Corporation will post 5.36 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on TMHC shares. Zacks Research raised Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 22nd. Citizens Jmp lowered Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a report on Monday, June 1st. Barclays raised their target price on Taylor Morrison Home from $68.00 to $69.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Weiss Ratings lowered Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, April 24th. Finally, Wolfe Research lowered Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a report on Wednesday. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.