Donald Smith & CO. Inc. Decreases Holdings in Taylor Morrison Home Corporation $TMHC

Donald Smith & CO. Inc. trimmed its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,652,725 shares of the construction company’s stock after selling 29,134 shares during the period. Taylor Morrison Home accounts for about 1.8% of Donald Smith & CO. Inc.’s holdings, making the stock its 26th biggest holding. Donald Smith & CO. Inc.’s holdings in Taylor Morrison Home were worth $97,296,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in TMHC. Norges Bank purchased a new stake in Taylor Morrison Home during the 4th quarter worth $84,994,000. M&T Bank Corp lifted its holdings in Taylor Morrison Home by 28,246.3% in the 4th quarter. M&T Bank Corp now owns 1,058,169 shares of the construction company’s stock worth $62,294,000 after buying an additional 1,054,436 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Taylor Morrison Home by 360.1% in the 3rd quarter. Alliancebernstein L.P. now owns 1,284,221 shares of the construction company’s stock worth $84,771,000 after buying an additional 1,005,116 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Taylor Morrison Home by 73.8% in the 3rd quarter. AQR Capital Management LLC now owns 2,213,556 shares of the construction company’s stock worth $146,117,000 after buying an additional 940,138 shares in the last quarter. Finally, Freestone Grove Partners LP acquired a new position in Taylor Morrison Home in the 3rd quarter worth $56,894,000. 95.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TMHC. Bank of America cut their price objective on shares of Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Weiss Ratings lowered shares of Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, April 24th. Barclays boosted their price objective on shares of Taylor Morrison Home from $68.00 to $69.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Seaport Research Partners reiterated a “sell” rating and issued a $49.00 price objective (down from $85.00) on shares of Taylor Morrison Home in a report on Tuesday, April 7th. Finally, Royal Bank Of Canada lowered shares of Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $69.00 to $72.50 in a report on Tuesday, June 2nd. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Taylor Morrison Home has an average rating of “Hold” and an average target price of $76.86.

Taylor Morrison Home Stock Performance

Shares of Taylor Morrison Home stock opened at $71.59 on Thursday. The firm has a market cap of $6.69 billion, a PE ratio of 10.68, a price-to-earnings-growth ratio of 1.65 and a beta of 1.47. The firm’s 50-day simple moving average is $61.21 and its 200-day simple moving average is $61.85. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.45 and a current ratio of 7.66. Taylor Morrison Home Corporation has a 1 year low of $54.15 and a 1 year high of $72.50.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, April 22nd. The construction company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.30. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.33 billion. Taylor Morrison Home had a net margin of 8.77% and a return on equity of 11.48%. The company’s revenue for the quarter was down 26.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.07 EPS. Equities analysts forecast that Taylor Morrison Home Corporation will post 5.36 earnings per share for the current fiscal year.

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.