Landscape Capital Management L.L.C. Raises Position in Taylor Morrison Home Corporation $TMHC

Landscape Capital Management L.L.C. raised its stake in Taylor Morrison Home Corporation (NYSE:TMHC) by 95.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,103 shares of the construction company’s stock after purchasing an additional 12,715 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Taylor Morrison Home were worth $1,537,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Penn Capital Management Company LLC purchased a new stake in shares of Taylor Morrison Home in the third quarter worth approximately $13,201,000. JPMorgan Chase & Co. raised its stake in shares of Taylor Morrison Home by 39.1% in the third quarter. JPMorgan Chase & Co. now owns 777,353 shares of the construction company’s stock worth $51,313,000 after purchasing an additional 218,514 shares during the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of Taylor Morrison Home in the third quarter worth approximately $1,737,000. Assetmark Inc. raised its stake in shares of Taylor Morrison Home by 2.7% in the fourth quarter. Assetmark Inc. now owns 797,997 shares of the construction company’s stock worth $46,978,000 after purchasing an additional 21,150 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Taylor Morrison Home by 521.5% in the fourth quarter. SG Americas Securities LLC now owns 21,590 shares of the construction company’s stock worth $1,271,000 after purchasing an additional 18,116 shares during the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on TMHC shares. Bank of America lowered their price objective on Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Weiss Ratings downgraded Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a research note 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. Seaport Research Partners reaffirmed a “sell” rating and set a $49.00 price target (down from $85.00) on shares of Taylor Morrison Home in a research report on Tuesday, April 7th. Finally, Wolfe Research downgraded Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, June 10th. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $76.86.

Taylor Morrison Home Price Performance

Shares of NYSE TMHC opened at $71.95 on Tuesday. The stock has a fifty day simple moving average of $62.03 and a two-hundred day simple moving average of $62.09. Taylor Morrison Home Corporation has a 1-year low of $54.15 and a 1-year high of $72.50. The firm has a market cap of $6.72 billion, a price-to-earnings ratio of 10.74, a price-to-earnings-growth ratio of 1.66 and a beta of 1.47. 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 (NYSE:TMHC) last announced its quarterly earnings data 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. Taylor Morrison Home had a return on equity of 11.48% and a net margin of 8.77%.The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the company earned $2.07 earnings per share. Taylor Morrison Home’s revenue was down 26.8% compared to the same quarter last year. Analysts anticipate that Taylor Morrison Home Corporation will post 5.36 earnings per share for the current 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.