Segall Bryant & Hamill LLC Decreases Holdings in Taylor Morrison Home Corporation (NYSE:TMHC)

Segall Bryant & Hamill LLC lowered its stake in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 7.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 74,012 shares of the construction company's stock after selling 5,958 shares during the quarter. Segall Bryant & Hamill LLC owned 0.07% of Taylor Morrison Home worth $4,444,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its stake in shares of Taylor Morrison Home by 6.1% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,449 shares of the construction company's stock worth $207,000 after acquiring an additional 197 shares during the last quarter. Xponance Inc. boosted its stake in shares of Taylor Morrison Home by 1.4% during the 1st quarter. Xponance Inc. now owns 15,631 shares of the construction company's stock worth $938,000 after acquiring an additional 220 shares during the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of Taylor Morrison Home by 1.6% during the 1st quarter. SummerHaven Investment Management LLC now owns 14,218 shares of the construction company's stock worth $854,000 after acquiring an additional 223 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of Taylor Morrison Home by 27.8% during the 1st quarter. Fifth Third Bancorp now owns 1,034 shares of the construction company's stock worth $62,000 after acquiring an additional 225 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Taylor Morrison Home by 49.5% during 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. Hedge funds and other institutional investors own 95.16% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on TMHC. BTIG Research set a $75.00 price objective on shares of Taylor Morrison Home and gave the company a "buy" rating in a research report on Wednesday, April 16th. Barclays set a $69.00 price objective on shares of Taylor Morrison Home and gave the company an "overweight" rating in a research report on Thursday, April 24th. Bank of America initiated coverage on shares of Taylor Morrison Home in a report on Monday, May 5th. They issued a "buy" rating and a $70.00 price target on the stock. 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. Finally, Wall Street Zen downgraded shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $76.88.

Taylor Morrison Home Trading Down 0.7%

Shares of TMHC stock traded down $0.41 during trading hours on Friday, reaching $62.63. 913,622 shares of the stock were exchanged, compared to its average volume of 950,818. Taylor Morrison Home Corporation has a 12-month low of $51.90 and a 12-month high of $75.49. The company has a current ratio of 6.45, a quick ratio of 0.86 and a debt-to-equity ratio of 0.35. The company's 50-day moving average price is $59.99 and its 200-day moving average price is $60.43. The firm has a market capitalization of $6.29 billion, a price-to-earnings ratio of 7.28 and a beta of 1.57.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its quarterly earnings data 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 return on equity of 16.72% and a net margin of 10.84%. The company had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter in the prior year, the firm earned $1.75 earnings per share. Taylor Morrison Home's revenue was up 11.5% compared to the same quarter last year. As a group, equities analysts anticipate that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current 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.