Whittier Trust Co. of Nevada Inc. Has $73,000 Holdings in Taylor Morrison Home Corporation $TMHC

Whittier Trust Co. of Nevada Inc. decreased its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 97.8% in the first quarter, Holdings Channel reports. The fund owned 1,238 shares of the construction company’s stock after selling 53,786 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Taylor Morrison Home were worth $73,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Hudson Edge Investment Partners Inc. increased its position in Taylor Morrison Home by 17.5% in the 1st quarter. Hudson Edge Investment Partners Inc. now owns 17,405 shares of the construction company’s stock worth $1,014,000 after buying an additional 2,592 shares during the period. HB Wealth Management LLC bought a new stake in shares of Taylor Morrison Home in the first quarter valued at approximately $228,000. Root Financial Partners LLC grew its stake in shares of Taylor Morrison Home by 65.7% in the first quarter. Root Financial Partners LLC now owns 638 shares of the construction company’s stock worth $37,000 after acquiring an additional 253 shares during the last quarter. Inspire Investing LLC grew its stake in shares of Taylor Morrison Home by 12.0% in the first 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 during the last quarter. Finally, Janney Montgomery Scott LLC increased its position 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 acquiring an additional 2,151 shares during the period. 95.16% of the stock is currently owned by institutional investors.

Taylor Morrison Home Stock Up 0.2%

Shares of NYSE TMHC opened at $71.91 on Thursday. Taylor Morrison Home Corporation has a 52-week low of $54.15 and a 52-week high of $72.50. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.45 and a current ratio of 7.66. The business has a fifty day moving average of $65.91 and a two-hundred day moving average of $63.21. The stock has a market cap of $6.72 billion, a PE ratio of 10.73, a PEG ratio of 1.68 and a beta of 1.44.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, April 22nd. The construction company reported $1.12 earnings per share for the quarter, topping the consensus estimate 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 firm’s quarterly revenue was down 26.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.07 EPS. As a group, equities research analysts expect that Taylor Morrison Home Corporation will post 5.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TMHC shares. Weiss Ratings cut shares of Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Truist Financial dropped their price objective on shares of Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating on the stock in a report on Monday, June 1st. Barclays upped their price objective on shares of Taylor Morrison Home from $68.00 to $69.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Wolfe Research downgraded Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, June 10th. Finally, Raymond James Financial downgraded Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research report on Friday, June 26th. Three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus 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.