SG Americas Securities LLC Has $6.50 Million Holdings in Taylor Morrison Home Corporation $TMHC

SG Americas Securities LLC grew its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 416.8% during the first quarter, Holdings Channel.com reports. The institutional investor owned 111,587 shares of the construction company’s stock after purchasing an additional 89,997 shares during the quarter. SG Americas Securities LLC’s holdings in Taylor Morrison Home were worth $6,499,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of TMHC. Vaughan Nelson Investment Management L.P. grew its position in Taylor Morrison Home by 10.4% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 716,925 shares of the construction company’s stock valued at $41,754,000 after purchasing an additional 67,785 shares during the period. Triad Wealth Partners LLC boosted its position in shares of Taylor Morrison Home by 4.3% during the first quarter. Triad Wealth Partners LLC now owns 8,878 shares of the construction company’s stock valued at $517,000 after buying an additional 366 shares during the last quarter. Hsbc Holdings PLC grew its holdings in Taylor Morrison Home by 108.9% during the fourth quarter. Hsbc Holdings PLC now owns 386,723 shares of the construction company’s stock worth $22,793,000 after buying an additional 201,569 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in Taylor Morrison Home by 68.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,507 shares of the construction company’s stock valued at $148,000 after buying an additional 1,023 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in Taylor Morrison Home by 5,510.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,310 shares of the construction company’s stock valued at $195,000 after buying an additional 3,251 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Trading Up 0.0%

Shares of TMHC opened at $71.84 on Monday. Taylor Morrison Home Corporation has a twelve month low of $54.15 and a twelve month high of $72.50. The stock has a market cap of $6.71 billion, a PE ratio of 10.72, a P/E/G ratio of 1.69 and a beta of 1.47. The company has a quick ratio of 1.45, a current ratio of 7.66 and a debt-to-equity ratio of 0.37. The business’s 50-day moving average price is $64.37 and its 200-day moving average price is $62.64.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, April 22nd. The construction company reported $1.12 EPS for the quarter, beating the consensus estimate of $0.82 by $0.30. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Taylor Morrison Home had a net margin of 8.77% and a return on equity of 11.48%. Taylor Morrison Home’s revenue for the quarter was down 26.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.07 earnings per share. On average, equities analysts forecast that Taylor Morrison Home Corporation will post 5.26 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Truist Financial cut their price objective on shares of Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating on the stock in a report on Monday, June 1st. Royal Bank Of Canada lowered shares of Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and raised their price target for the company from $69.00 to $72.50 in a research report on Tuesday, June 2nd. Wolfe Research cut shares of Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a report on Wednesday, June 10th. Raymond James Financial downgraded shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research report on Friday. Finally, Citigroup lowered shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research note on Monday, June 1st. Three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $76.86.

Taylor Morrison Home Company 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.