Peregrine Capital Management LLC Lowers Stock Holdings in Taylor Morrison Home Corporation (NYSE:TMHC)

Peregrine Capital Management LLC trimmed its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 5.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,175 shares of the construction company's stock after selling 4,803 shares during the quarter. Peregrine Capital Management LLC owned 0.09% of Taylor Morrison Home worth $5,294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC raised its holdings in shares of Taylor Morrison Home by 1.6% in the first quarter. SummerHaven Investment Management LLC now owns 14,218 shares of the construction company's stock worth $854,000 after buying an additional 223 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Taylor Morrison Home by 27.8% during the first quarter. Fifth Third Bancorp now owns 1,034 shares of the construction company's stock valued at $62,000 after buying an additional 225 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Taylor Morrison Home by 41.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company's stock valued at $51,000 after acquiring an additional 243 shares during the period. Farther Finance Advisors LLC raised its stake in Taylor Morrison Home by 49.5% in the 1st 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, BTC Capital Management Inc. raised its stake in Taylor Morrison Home by 5.2% in the 1st quarter. BTC Capital Management Inc. now owns 5,442 shares of the construction company's stock worth $327,000 after acquiring an additional 267 shares during the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TMHC. Bank of America began coverage on Taylor Morrison Home in a report on Monday, May 5th. They issued a "buy" rating and a $70.00 price objective on the stock. Wall Street Zen lowered Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. Wedbush reiterated an "outperform" rating and issued a $85.00 price target on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. Seaport Res Ptn raised shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. Finally, BTIG Research set a $75.00 price objective on shares of Taylor Morrison Home and gave the company a "buy" rating in a report on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $76.88.

Taylor Morrison Home Stock Performance

NYSE:TMHC traded down $1.48 during trading hours on Friday, reaching $63.45. The company had a trading volume of 992,674 shares, compared to its average volume of 939,346. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.45 and a quick ratio of 0.86. Taylor Morrison Home Corporation has a 1-year low of $51.90 and a 1-year high of $75.49. The business's 50 day moving average price is $58.76 and its 200-day moving average price is $60.23. The firm has a market cap of $6.37 billion, a PE ratio of 7.38 and a beta of 1.57.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share for the quarter, beating 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 firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the previous year, the firm earned $1.75 EPS. The business's quarterly revenue was up 11.5% on a year-over-year basis. Research analysts forecast that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

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.