Palisade Capital Management LP Sells 4,510 Shares of Taylor Morrison Home Corporation (NYSE:TMHC)

Palisade Capital Management LP reduced its position in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 1.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 335,132 shares of the construction company's stock after selling 4,510 shares during the quarter. Palisade Capital Management LP owned about 0.33% of Taylor Morrison Home worth $20,121,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TMHC. Proficio Capital Partners LLC bought a new position in Taylor Morrison Home in the 4th quarter valued at $4,489,000. SVB Wealth LLC bought a new stake in Taylor Morrison Home during the fourth quarter valued at $209,000. Smartleaf Asset Management LLC grew its position in Taylor Morrison Home by 41.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company's stock worth $51,000 after buying an additional 243 shares in the last quarter. SRS Capital Advisors Inc. bought a new position in Taylor Morrison Home in the 4th quarter worth about $51,000. Finally, Assetmark Inc. raised its holdings in shares of Taylor Morrison Home by 2.1% in the 4th quarter. Assetmark Inc. now owns 760,920 shares of the construction company's stock valued at $46,576,000 after acquiring an additional 15,819 shares in the last quarter. Hedge funds and other institutional investors own 95.16% of the company's stock.

Analyst Upgrades and Downgrades

TMHC has been the topic of several research analyst reports. 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. Wedbush restated an "outperform" rating and set a $85.00 price target on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. Barclays set a $69.00 price objective on Taylor Morrison Home and gave the company an "overweight" rating in a research note on Thursday, April 24th. BTIG Research set a $75.00 target price on Taylor Morrison Home and gave the company a "buy" rating in a research note on Wednesday, April 16th. Finally, Seaport Res Ptn upgraded Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Taylor Morrison Home has a consensus rating of "Moderate Buy" and a consensus price target of $76.88.

Taylor Morrison Home Trading Down 2.3%

Shares of NYSE:TMHC traded down $1.48 on Thursday, hitting $63.45. The company had a trading volume of 992,674 shares, compared to its average volume of 939,346. Taylor Morrison Home Corporation has a 1 year low of $51.90 and a 1 year high of $75.49. The company has a quick ratio of 0.86, a current ratio of 6.45 and a debt-to-equity ratio of 0.35. The firm's 50-day simple moving average is $58.65 and its two-hundred day simple moving average is $60.24. The firm has a market capitalization of $6.37 billion, a price-to-earnings ratio of 7.38 and a beta of 1.57.

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 analysts' expectations of $1.81 billion. Taylor Morrison Home had a return on equity of 16.72% and a net margin of 10.84%. The firm's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.75 EPS. Equities analysts anticipate that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current fiscal 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.