Taylor Morrison Home Corp (TMHC) Shares Sold by Smith Asset Management Group LP

Smith Asset Management Group LP trimmed its position in Taylor Morrison Home Corp (NYSE:TMHC) by 69.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,075 shares of the construction company’s stock after selling 60,680 shares during the quarter. Smith Asset Management Group LP’s holdings in Taylor Morrison Home were worth $488,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. KAMES CAPITAL plc lifted its holdings in shares of Taylor Morrison Home by 5.5% in the 2nd quarter. KAMES CAPITAL plc now owns 54,698 shares of the construction company’s stock worth $1,136,000 after buying an additional 2,840 shares during the period. First Interstate Bank lifted its holdings in shares of Taylor Morrison Home by 36.8% in the 2nd quarter. First Interstate Bank now owns 11,015 shares of the construction company’s stock worth $229,000 after buying an additional 2,965 shares during the period. United Services Automobile Association lifted its holdings in shares of Taylor Morrison Home by 19.2% in the 2nd quarter. United Services Automobile Association now owns 25,014 shares of the construction company’s stock worth $520,000 after buying an additional 4,029 shares during the period. Stanley Laman Group Ltd. lifted its holdings in shares of Taylor Morrison Home by 9.6% in the 2nd quarter. Stanley Laman Group Ltd. now owns 47,215 shares of the construction company’s stock worth $981,000 after buying an additional 4,143 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of Taylor Morrison Home by 14.5% during the 1st quarter. Legal & General Group Plc now owns 42,719 shares of the construction company’s stock worth $994,000 after purchasing an additional 5,419 shares during the last quarter. Institutional investors and hedge funds own 99.02% of the company’s stock.

Shares of NYSE TMHC opened at $16.36 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 7.58 and a quick ratio of 1.07. The firm has a market cap of $1.83 billion, a P/E ratio of 8.26, a P/E/G ratio of 0.78 and a beta of 1.27. Taylor Morrison Home Corp has a 1-year low of $14.73 and a 1-year high of $28.42.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, October 31st. The construction company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.19. Taylor Morrison Home had a return on equity of 11.21% and a net margin of 5.34%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the business posted $0.45 EPS. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. As a group, equities analysts forecast that Taylor Morrison Home Corp will post 2.17 EPS for the current fiscal year.

A number of brokerages recently weighed in on TMHC. Zacks Investment Research upgraded Taylor Morrison Home from a “sell” rating to a “hold” rating in a research note on Tuesday. Barclays set a $18.00 price objective on Taylor Morrison Home and gave the stock a “sell” rating in a research note on Thursday, November 1st. Wells Fargo & Co set a $24.00 price objective on Taylor Morrison Home and gave the stock a “buy” rating in a research note on Thursday, November 1st. Deutsche Bank upped their price objective on Taylor Morrison Home from $14.00 to $16.00 and gave the stock a “hold” rating in a research note on Thursday, November 1st. Finally, Citigroup restated a “buy” rating and set a $19.00 price objective (down from $27.00) on shares of Taylor Morrison Home in a research note on Monday, October 29th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.78.

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Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family detached and attached homes; and develops lifestyle and master-planned communities. It operates under the Taylor Morrison and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.

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Institutional Ownership by Quarter for Taylor Morrison Home (NYSE:TMHC)

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