Peregrine Capital Management LLC Has $5.29 Million Stock Holdings in Taylor Morrison Home Corporation (NYSE:TMHC)

Peregrine Capital Management LLC cut its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 5.2% in the 1st quarter, according to the company in its most recent disclosure 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 period. Peregrine Capital Management LLC owned approximately 0.09% of Taylor Morrison Home worth $5,294,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SummerHaven Investment Management LLC increased 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 valued at $854,000 after buying an additional 223 shares in the last quarter. Fifth Third Bancorp raised its position 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 worth $62,000 after purchasing an additional 225 shares during the period. Smartleaf Asset Management LLC raised its position in shares of 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 purchasing an additional 243 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Taylor Morrison Home by 49.5% during the first quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company's stock valued at $48,000 after purchasing an additional 262 shares during the last quarter. Finally, BTC Capital Management Inc. boosted its position in shares of 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 valued at $327,000 after purchasing an additional 267 shares during the period. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Up 4.6%

Taylor Morrison Home stock traded up $2.83 during trading hours on Tuesday, hitting $64.25. The company had a trading volume of 1,334,644 shares, compared to its average volume of 933,449. Taylor Morrison Home Corporation has a fifty-two week low of $51.90 and a fifty-two week high of $75.49. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.45 and a quick ratio of 0.86. The firm has a market capitalization of $6.45 billion, a P/E ratio of 7.47 and a beta of 1.57. The firm's fifty day moving average is $58.39 and its 200-day moving average is $60.18.

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 for the quarter, topping analysts' consensus estimates of $1.85 by $0.33. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.81 billion. Taylor Morrison Home had a net margin of 10.84% and a return on equity of 16.72%. Taylor Morrison Home's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.75 earnings per share. On average, research analysts forecast that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Barclays set a $69.00 price objective on Taylor Morrison Home and gave the stock an "overweight" rating in a report on Thursday, April 24th. Bank of America began coverage on shares of Taylor Morrison Home in a report on Monday, May 5th. They set a "buy" rating and a $70.00 price target on the stock. BTIG Research set a $75.00 price target on shares of Taylor Morrison Home and gave the company a "buy" rating in a research report on Wednesday, April 16th. Wedbush reiterated an "outperform" rating and set a $85.00 price objective on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. Finally, Wall Street Zen lowered Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average 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.