Factorial Partners LLC Sells 8,600 Shares of Taylor Morrison Home Corporation (NYSE:TMHC)

Key Points

• Factorial Partners LLC reduced its stake in Taylor Morrison Home Corporation by 20.9%, selling 8,600 shares during the 1st quarter, now holding 32,500 shares valued at approximately $1.95 million.
• Multi-institutional investment activity was evident, with several firms increasing their positions in TMHC, resulting in institutional ownership reaching 95.16%.
• Recently, analysts have provided a mix of ratings for TMHC, with a consensus price target set at $76.88 and major firms like Bank of America and Wedbush issuing positive assessments.

Factorial Partners LLC decreased its position in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 20.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,500 shares of the construction company's stock after selling 8,600 shares during the quarter. Factorial Partners LLC's holdings in Taylor Morrison Home were worth $1,951,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Nisa Investment Advisors LLC grew its stake in Taylor Morrison Home by 6.1% in the 1st quarter. Nisa Investment Advisors LLC now owns 3,449 shares of the construction company's stock valued at $207,000 after buying an additional 197 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake in Taylor Morrison Home by 3.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 5,891 shares of the construction company's stock worth $354,000 after purchasing an additional 201 shares in the last quarter. Xponance Inc. grew its position in Taylor Morrison Home by 1.4% in the 1st quarter. Xponance Inc. now owns 15,631 shares of the construction company's stock worth $938,000 after purchasing an additional 220 shares during the period. SummerHaven Investment Management LLC lifted its stake in shares of Taylor Morrison Home by 1.6% in the 1st quarter. SummerHaven Investment Management LLC now owns 14,218 shares of the construction company's stock worth $854,000 after purchasing an additional 223 shares during the period. Finally, Fifth Third Bancorp increased its holdings in Taylor Morrison Home by 27.8% in the 1st quarter. Fifth Third Bancorp now owns 1,034 shares of the construction company's stock worth $62,000 after acquiring an additional 225 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on TMHC. Wedbush reissued an "outperform" rating and issued a $85.00 target price on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. Bank of America started coverage on shares of Taylor Morrison Home in a report on Monday, May 5th. They set a "buy" rating and a $70.00 price objective on the stock. Barclays set a $69.00 price objective on Taylor Morrison Home and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Wall Street Zen downgraded Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. Finally, Seaport Res Ptn raised Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $76.88.

Taylor Morrison Home Stock Performance

NYSE:TMHC traded down $0.28 during trading hours on Thursday, hitting $64.27. 632,549 shares of the company traded hands, compared to its average volume of 1,344,445. The stock has a market capitalization of $6.45 billion, a price-to-earnings ratio of 7.42 and a beta of 1.53. The company has a current ratio of 6.54, a quick ratio of 0.74 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average of $61.16 and a 200 day moving average of $60.45. Taylor Morrison Home Corporation has a twelve month low of $51.90 and a twelve month high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The construction company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.94 by $0.08. Taylor Morrison Home had a net margin of 10.72% and a return on equity of 16.22%. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same period last year, the company posted $1.86 EPS. The business's quarterly revenue was up 2.0% on a year-over-year basis. On average, analysts forecast that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Taylor Morrison Home Company Profile

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.