Federated Hermes Inc. Decreases Position in Taylor Morrison Home Corporation (NYSE:TMHC)

Key Points

• Federated Hermes Inc. has reduced its stake in Taylor Morrison Home Corporation by 32.4%, selling 68,761 shares during the first quarter.
• Institutional investors own 95.16% of Taylor Morrison's stock, with significant stakes increased by firms such as Victory Capital Management and Assenagon Asset Management.
• Taylor Morrison Home reported a net margin of 10.72% and revenue of $2.03 billion for the last quarter, surpassing analysts' expectations.

Federated Hermes Inc. reduced its holdings in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 32.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,768 shares of the construction company's stock after selling 68,761 shares during the quarter. Federated Hermes Inc. owned approximately 0.14% of Taylor Morrison Home worth $8,632,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Morse Asset Management Inc bought a new stake in shares of Taylor Morrison Home in the 4th quarter valued at $29,000. GAMMA Investing LLC lifted its position in Taylor Morrison Home by 193.0% during the first quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock worth $40,000 after acquiring an additional 444 shares during the last quarter. Quarry LP lifted its position in Taylor Morrison Home by 202.1% during the fourth quarter. Quarry LP now owns 704 shares of the construction company's stock worth $43,000 after acquiring an additional 471 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Taylor Morrison Home by 49.5% during the first quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company's stock worth $48,000 after acquiring an additional 262 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in Taylor Morrison Home by 50.2% during the first quarter. Harbor Capital Advisors Inc. now owns 844 shares of the construction company's stock worth $51,000 after acquiring an additional 282 shares during the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Performance

Shares of Taylor Morrison Home stock traded up $0.23 on Wednesday, reaching $65.01. 370,567 shares of the company traded hands, compared to its average volume of 1,074,798. Taylor Morrison Home Corporation has a 52 week low of $51.90 and a 52 week high of $75.49. The company has a 50 day moving average of $60.84 and a 200 day moving average of $60.43. The firm has a market capitalization of $6.52 billion, a PE ratio of 7.52 and a beta of 1.53. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.54 and a quick ratio of 0.74.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TMHC. Bank of America assumed coverage on shares of Taylor Morrison Home in a research note on Monday, May 5th. They issued a "buy" rating and a $70.00 price objective on the stock. Barclays set a $69.00 price objective on shares of Taylor Morrison Home and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Seaport Res Ptn raised shares of Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. BTIG Research set a $75.00 price objective on shares of Taylor Morrison Home and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Finally, Wall Street Zen cut shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $76.88.

Taylor Morrison Home 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.