M&T Bank Corp Boosts Stake in Taylor Morrison Home Corporation $TMHC

M&T Bank Corp raised its position in Taylor Morrison Home Corporation (NYSE:TMHC) by 28,246.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,058,169 shares of the construction company’s stock after buying an additional 1,054,436 shares during the period. M&T Bank Corp’s holdings in Taylor Morrison Home were worth $62,294,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Taylor Morrison Home by 0.7% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 86,200 shares of the construction company’s stock valued at $5,075,000 after buying an additional 578 shares during the last quarter. Hudson Edge Investment Partners Inc. purchased a new stake in Taylor Morrison Home in the 4th quarter valued at about $872,000. First Horizon Corp increased its stake in Taylor Morrison Home by 151.1% in the 4th quarter. First Horizon Corp now owns 884 shares of the construction company’s stock valued at $52,000 after buying an additional 532 shares during the last quarter. Merit Financial Group LLC increased its stake in Taylor Morrison Home by 41.8% in the 4th quarter. Merit Financial Group LLC now owns 5,868 shares of the construction company’s stock valued at $345,000 after buying an additional 1,730 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in Taylor Morrison Home by 2.1% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 55,024 shares of the construction company’s stock valued at $3,251,000 after buying an additional 1,117 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 research firms have commented on TMHC. Royal Bank Of Canada increased their price objective on shares of Taylor Morrison Home from $62.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Seaport Research Partners reiterated a “sell” rating and issued a $49.00 price objective (down from $85.00) on shares of Taylor Morrison Home in a research note on Tuesday, April 7th. Weiss Ratings lowered shares of Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 20th. Zacks Research lowered shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. Finally, Bank of America lowered their price target on shares of Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Taylor Morrison Home has a consensus rating of “Moderate Buy” and a consensus price target of $77.33.

Taylor Morrison Home Trading Up 0.1%

NYSE:TMHC opened at $61.90 on Wednesday. The company has a current ratio of 7.31, a quick ratio of 1.55 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $5.96 billion, a PE ratio of 7.98, a price-to-earnings-growth ratio of 8.67 and a beta of 1.58. The firm’s 50 day moving average is $61.51 and its 200 day moving average is $61.43. Taylor Morrison Home Corporation has a 12 month low of $54.58 and a 12 month high of $72.50.

Taylor Morrison Home (NYSE:TMHC) 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. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Taylor Morrison Home had a net margin of 9.63% and a return on equity of 13.50%. Sell-side analysts expect that Taylor Morrison Home Corporation will post 4.98 earnings per share for the current year.

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.