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

Basswood Capital Management L.L.C. cut its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 11.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 602,024 shares of the construction company's stock after selling 79,246 shares during the quarter. Taylor Morrison Home comprises approximately 2.1% of Basswood Capital Management L.L.C.'s portfolio, 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 SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its holdings in Taylor Morrison Home by 3.5% in the third quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company's stock valued at $144,144,000 after acquiring an additional 69,222 shares during the last quarter. Sheets Smith Wealth Management purchased a new stake in shares of Taylor Morrison Home during the 4th quarter worth about $550,000. JPMorgan Chase & Co. increased its position in Taylor Morrison Home by 24.0% during the 4th quarter. JPMorgan Chase & Co. now owns 811,253 shares of the construction company's stock worth $49,657,000 after purchasing an additional 156,793 shares in the last quarter. Financial Enhancement Group LLC purchased a new position in Taylor Morrison Home in the fourth quarter valued at approximately $5,840,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in 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 valued at $49,000 after buying an additional 243 shares in the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TMHC shares. BTIG Research set a $75.00 target price on shares of Taylor Morrison Home and gave the company a "buy" rating in a research note on Wednesday, April 16th. Wolfe Research upgraded Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price objective on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada increased their target price on Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Seaport Res Ptn raised Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $85.00 price objective on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $77.86.

Taylor Morrison Home Stock Up 2.5 %

Shares of NYSE:TMHC opened at $58.89 on Friday. Taylor Morrison Home Co. has a 12-month low of $51.90 and a 12-month high of $75.49. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36. The firm has a market cap of $5.91 billion, a PE ratio of 7.11 and a beta of 1.68. The company has a fifty day simple moving average of $58.71 and a 200 day simple moving average of $63.56.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.85 by $0.33. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.81 billion. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. The company's revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.75 EPS. On average, equities research analysts anticipate that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Insiders Place Their Bets

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total value of $93,372.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David C. Merritt sold 2,402 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was 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 currently owned by company 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.

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