Vanguard Group Inc. Reduces Stock Holdings in Taylor Morrison Home Corporation $TMHC

Key Points

• Vanguard Group trimmed its position in Taylor Morrison by 2.9% in Q4 to 9,396,572 shares — about 9.62% ownership valued at $553.2 million.
• Taylor Morrison beat quarterly estimates with $1.12 EPS (vs. $0.82 expected) and $1.39 billion in revenue, but revenue fell 26.8% year‑over‑year, and analysts expect 4.92 EPS for the current fiscal year.
• Shares are down 3.1%, trading near $58.55 with a $5.47 billion market cap and a P/E of 8.74, while the Street consensus is a Moderate Buy with an average target of $77.43.

Vanguard Group Inc. trimmed its position in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,396,572 shares of the construction company's stock after selling 279,302 shares during the period. Vanguard Group Inc. owned about 9.62% of Taylor Morrison Home worth $553,176,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TMHC. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Taylor Morrison Home by 5.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 299,888 shares of the construction company's stock valued at $18,005,000 after buying an additional 16,379 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Taylor Morrison Home by 30.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 899 shares of the construction company's stock valued at $55,000 after buying an additional 211 shares in the last quarter. M&T Bank Corp purchased a new position in shares of Taylor Morrison Home during the 2nd quarter valued at about $262,000. EverSource Wealth Advisors LLC lifted its position in shares of Taylor Morrison Home by 406.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 897 shares of the construction company's stock valued at $55,000 after buying an additional 720 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Taylor Morrison Home by 12.0% during the 2nd quarter. Marshall Wace LLP now owns 8,029 shares of the construction company's stock valued at $493,000 after buying an additional 859 shares in the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Taylor Morrison Home Stock Down 3.1%

NYSE TMHC opened at $58.55 on Tuesday. The stock's 50 day moving average is $60.87 and its 200 day moving average is $61.44. The company has a current ratio of 7.66, a quick ratio of 1.45 and a debt-to-equity ratio of 0.37. Taylor Morrison Home Corporation has a 12 month low of $54.58 and a 12 month high of $72.50. The stock has a market cap of $5.47 billion, a PE ratio of 8.74, a P/E/G ratio of 1.51 and a beta of 1.51.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The construction company reported $1.12 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.30. Taylor Morrison Home had a return on equity of 11.48% and a net margin of 8.77%.The company had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.33 billion. During the same period in the previous year, the firm earned $2.07 EPS. The firm's revenue was down 26.8% compared to the same quarter last year. Research analysts predict that Taylor Morrison Home Corporation will post 4.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on TMHC shares. Citizens Jmp started coverage on Taylor Morrison Home in a research report on Wednesday, January 7th. They set a "market outperform" rating and a $95.00 price objective on the stock. Royal Bank Of Canada lifted their price objective on Taylor Morrison Home from $68.00 to $69.00 and gave the company an "outperform" rating in a research report on Thursday, April 23rd. Weiss Ratings cut Taylor Morrison Home from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, April 24th. Wolfe Research reaffirmed an "outperform" rating and set a $76.00 price objective on shares of Taylor Morrison Home in a research report on Thursday, April 23rd. Finally, Zacks Research raised Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research report on Wednesday, April 22nd. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Taylor Morrison Home has a consensus rating of "Moderate Buy" and an average target price of $77.43.

Taylor Morrison Home Profile

Taylor Morrison Home Corporation NYSE: TMHC is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company's portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company's heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.

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