Basswood Capital Management L.L.C. Lowers Stock Position in Taylor Morrison Home Co. (NYSE:TMHC)

Basswood Capital Management L.L.C. lessened its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 11.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 602,024 shares of the construction company's stock after selling 79,246 shares during the quarter. Taylor Morrison Home accounts for about 2.1% of Basswood Capital Management L.L.C.'s holdings, making the stock its 12th biggest holding. Basswood Capital Management L.L.C. owned approximately 0.58% of Taylor Morrison Home worth $36,850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC boosted its position in Taylor Morrison Home by 68.1% in the 4th quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company's stock valued at $42,000 after buying an additional 277 shares during the period. Quarry LP boosted its stake in shares of Taylor Morrison Home by 202.1% in the 4th quarter. Quarry LP now owns 704 shares of the construction company's stock valued at $43,000 after buying an additional 471 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Taylor Morrison Home by 43.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock worth $49,000 after buying an additional 243 shares during the period. SRS Capital Advisors Inc. purchased a new stake in shares of Taylor Morrison Home during the fourth quarter worth approximately $51,000. Finally, Smartleaf Asset Management LLC raised its holdings in Taylor Morrison Home by 41.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company's stock valued at $51,000 after acquiring an additional 243 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

Taylor Morrison Home Stock Performance

TMHC traded down $0.21 during trading on Friday, hitting $58.94. 240,305 shares of the stock were exchanged, compared to its average volume of 902,812. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. Taylor Morrison Home Co. has a 1-year low of $51.90 and a 1-year high of $75.49. The stock has a fifty day moving average price of $58.49 and a two-hundred day moving average price of $63.29. The firm has a market capitalization of $5.92 billion, a P/E ratio of 7.12 and a beta of 1.68.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its earnings results on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, beating analysts' consensus estimates of $1.85 by $0.33. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.81 billion. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. Taylor Morrison Home's quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.75 earnings per share. As a group, sell-side analysts predict that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Bank of America initiated coverage on shares of Taylor Morrison Home in a research report on Monday. They issued a "buy" rating and a $70.00 price objective on the stock. JPMorgan Chase & Co. dropped their target price on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Royal Bank of Canada lifted their price target on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Wedbush reiterated an "outperform" rating and issued a $85.00 price objective on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. Finally, Seaport Res Ptn upgraded Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $76.88.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 1,537 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total transaction of $93,372.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David C. Merritt sold 2,402 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total value of $153,679.96. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

About Taylor Morrison Home

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.