Palisade Capital Management LP Has $20.12 Million Stock Position in Taylor Morrison Home Corporation (NYSE:TMHC)

Palisade Capital Management LP decreased its position in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 1.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 335,132 shares of the construction company's stock after selling 4,510 shares during the period. Palisade Capital Management LP owned approximately 0.33% of Taylor Morrison Home worth $20,121,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new stake in Taylor Morrison Home during the 4th quarter worth about $4,489,000. SVB Wealth LLC bought a new stake in Taylor Morrison Home during the 4th quarter worth about $209,000. Smartleaf Asset Management LLC lifted its position in Taylor Morrison Home by 41.4% during the 4th 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 stake in Taylor Morrison Home during the 4th quarter worth about $51,000. Finally, Assetmark Inc. lifted its position in Taylor Morrison Home by 2.1% during the 4th quarter. Assetmark Inc. now owns 760,920 shares of the construction company's stock worth $46,576,000 after buying an additional 15,819 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

Taylor Morrison Home Price Performance

Shares of NYSE TMHC traded down $1.48 during trading hours on Friday, hitting $63.45. 992,674 shares of the stock were exchanged, compared to its average volume of 940,468. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.86 and a current ratio of 6.45. The company has a market cap of $6.37 billion, a PE ratio of 7.38 and a beta of 1.57. The company's fifty day simple moving average is $58.87 and its two-hundred day simple moving average is $60.23. Taylor Morrison Home Corporation has a 1-year low of $51.90 and a 1-year high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.33. Taylor Morrison Home had a net margin of 10.84% and a return on equity of 16.72%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the business posted $1.75 EPS. The firm's revenue for the quarter was up 11.5% on a year-over-year basis. On average, sell-side analysts predict that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Wall Street Analyst Weigh In

TMHC has been the topic of a number of research reports. BTIG Research set a $75.00 price target on shares of Taylor Morrison Home and gave the company a "buy" rating in a research note on Wednesday, April 16th. Barclays set a $69.00 target price on shares of Taylor Morrison Home and gave the stock an "overweight" rating in a report on Thursday, April 24th. Bank of America assumed coverage on shares of Taylor Morrison Home in a report on Monday, May 5th. They set a "buy" rating and a $70.00 target price on the stock. Wall Street Zen cut shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. Finally, Wedbush reaffirmed an "outperform" rating and set a $85.00 target price on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate 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.