Hodges Capital Management Inc. Has $12.36 Million Position in Taylor Morrison Home Corporation $TMHC

Hodges Capital Management Inc. increased its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 9.2% during the 1st quarter, Holdings Channel reports. The fund owned 212,208 shares of the construction company’s stock after acquiring an additional 17,809 shares during the period. Hodges Capital Management Inc.’s holdings in Taylor Morrison Home were worth $12,359,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Allworth Financial LP raised its holdings in shares of Taylor Morrison Home by 14.9% during the third quarter. Allworth Financial LP now owns 1,546 shares of the construction company’s stock valued at $102,000 after purchasing an additional 200 shares during the period. Tectonic Advisors LLC increased its position in Taylor Morrison Home by 0.7% in the 4th quarter. Tectonic Advisors LLC now owns 29,765 shares of the construction company’s stock valued at $1,752,000 after buying an additional 207 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in 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 worth $55,000 after buying an additional 211 shares during the period. Verdence Capital Advisors LLC raised its stake in Taylor Morrison Home by 3.3% during the 4th 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 during the period. Finally, Paulson Wealth Management Inc. boosted its holdings in Taylor Morrison Home by 5.2% in the fourth quarter. Paulson Wealth Management Inc. now owns 4,811 shares of the construction company’s stock worth $283,000 after acquiring an additional 238 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TMHC. Citizens Jmp downgraded Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a report on Monday, June 1st. Bank of America cut their target price on Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Royal Bank Of Canada lowered shares of Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from $69.00 to $72.50 in a research note on Tuesday, June 2nd. Weiss Ratings lowered shares of Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Finally, Zacks Research upgraded shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 22nd. Three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $76.86.

Taylor Morrison Home Trading Down 0.0%

Shares of Taylor Morrison Home stock opened at $71.83 on Monday. The company has a market capitalization of $6.71 billion, a P/E ratio of 10.72, a price-to-earnings-growth ratio of 1.69 and a beta of 1.44. The stock has a fifty day simple moving average of $65.41 and a 200 day simple moving average of $62.98. Taylor Morrison Home Corporation has a 12-month low of $54.15 and a 12-month high of $72.50. 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 (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, April 22nd. The construction company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.30. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.33 billion. Taylor Morrison Home had a net margin of 8.77% and a return on equity of 11.48%. The firm’s quarterly revenue was down 26.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.07 EPS. On average, sell-side analysts anticipate that Taylor Morrison Home Corporation will post 5.26 earnings per share for the current fiscal 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.