Hodges Capital Management Inc. Sells 31,681 Shares of Taylor Morrison Home Corporation $TMHC

Hodges Capital Management Inc. lessened its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 14.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 194,399 shares of the construction company’s stock after selling 31,681 shares during the quarter. Hodges Capital Management Inc. owned 0.20% of Taylor Morrison Home worth $11,444,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of TMHC. Pinnacle Holdings LLC bought a new position in shares of Taylor Morrison Home during the 3rd quarter worth approximately $32,000. Huntington National Bank raised its position in Taylor Morrison Home by 2,074.1% in the 3rd quarter. Huntington National Bank now owns 587 shares of the construction company’s stock valued at $39,000 after purchasing an additional 560 shares during the last quarter. V Square Quantitative Management LLC bought a new position in Taylor Morrison Home in the 4th quarter valued at $40,000. Los Angeles Capital Management LLC bought a new position in Taylor Morrison Home in the 4th quarter valued at $45,000. Finally, First Horizon Corp raised its position 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 purchasing an additional 532 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Down 0.1%

Shares of Taylor Morrison Home stock opened at $71.59 on Thursday. The company has a quick ratio of 1.45, a current ratio of 7.66 and a debt-to-equity ratio of 0.37. Taylor Morrison Home Corporation has a 12 month low of $54.15 and a 12 month high of $72.50. The business has a fifty day simple moving average of $61.21 and a 200 day simple moving average of $61.85. The stock has a market cap of $6.69 billion, a PE ratio of 10.68, a price-to-earnings-growth ratio of 1.65 and a beta of 1.47.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.30. Taylor Morrison Home had a return on equity of 11.48% and a net margin of 8.77%.The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the previous year, the firm earned $2.07 earnings per share. The firm’s quarterly revenue was down 26.8% compared to the same quarter last year. Research analysts predict that Taylor Morrison Home Corporation will post 5.36 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Zacks Research upgraded Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 22nd. Barclays lifted their price objective on Taylor Morrison Home from $68.00 to $69.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Weiss Ratings downgraded Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. 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 report on Tuesday, April 7th. Finally, Citigroup downgraded Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research report on Monday, June 1st. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.