Segall Bryant & Hamill LLC Trims Stake in Taylor Morrison Home Corporation $TMHC

Segall Bryant & Hamill LLC cut its stake in Taylor Morrison Home Corporation (NYSE:TMHC) by 39.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,905 shares of the construction company’s stock after selling 25,483 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Taylor Morrison Home were worth $2,266,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of TMHC. Tectonic Advisors LLC grew its stake in shares of Taylor Morrison Home by 0.7% during the 4th quarter. Tectonic Advisors LLC now owns 29,765 shares of the construction company’s stock worth $1,752,000 after purchasing an additional 207 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Taylor Morrison Home by 30.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 899 shares of the construction company’s stock valued at $55,000 after purchasing an additional 211 shares during the period. Verdence Capital Advisors LLC boosted its holdings in Taylor Morrison Home by 3.3% during the fourth quarter. Verdence Capital Advisors LLC now owns 6,795 shares of the construction company’s stock worth $400,000 after buying an additional 220 shares in the last quarter. Paulson Wealth Management Inc. boosted its holdings in Taylor Morrison Home by 5.2% during the fourth quarter. Paulson Wealth Management Inc. now owns 4,811 shares of the construction company’s stock worth $283,000 after buying an additional 238 shares in the last quarter. Finally, Root Financial Partners LLC grew its position in Taylor Morrison Home by 65.7% during the first quarter. Root Financial Partners LLC now owns 638 shares of the construction company’s stock valued at $37,000 after buying an additional 253 shares during the period. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Price Performance

Shares of Taylor Morrison Home stock opened at $72.45 on Wednesday. The stock has a market capitalization of $6.77 billion, a P/E ratio of 10.81, a PEG ratio of 1.70 and a beta of 1.44. The business has a 50 day simple moving average of $71.16 and a two-hundred day simple moving average of $64.80. Taylor Morrison Home Corporation has a 12 month low of $54.15 and a 12 month high of $72.50. The company has a debt-to-equity ratio of 0.37, a current ratio of 7.66 and a quick ratio of 1.45.

Analyst Ratings Changes

TMHC has been the subject of a number of recent analyst reports. Wolfe Research cut shares of Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a report on Wednesday, June 10th. Bank of America lowered their target price on shares of Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Barclays restated an “equal weight” rating and issued a $73.00 price target (up from $69.00) on shares of Taylor Morrison Home in a research note on Tuesday, July 14th. Truist Financial reduced their price target on Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating for the company in a report on Monday, June 1st. Finally, Citigroup downgraded Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research report on Monday, June 1st. Two research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” 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.