IFP Advisors Inc Acquires 69,109 Shares of Taylor Morrison Home Corporation $TMHC

IFP Advisors Inc boosted its holdings in Taylor Morrison Home Corporation (NYSE:TMHC) by 11,813.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 69,694 shares of the construction company’s stock after purchasing an additional 69,109 shares during the period. IFP Advisors Inc owned about 0.07% of Taylor Morrison Home worth $4,103,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Root Financial Partners LLC bought a new position in shares of Taylor Morrison Home in the third quarter worth $27,000. Pinnacle Holdings LLC purchased a new position in Taylor Morrison Home during the third quarter worth about $32,000. Huntington National Bank grew its position in Taylor Morrison Home by 2,074.1% during the third quarter. Huntington National Bank now owns 587 shares of the construction company’s stock worth $39,000 after buying an additional 560 shares in the last quarter. V Square Quantitative Management LLC bought a new position in Taylor Morrison Home in the 4th quarter worth about $40,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Taylor Morrison Home in the 3rd quarter valued at about $49,000. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Taylor Morrison Home Stock Up 4.1%

Shares of TMHC opened at $57.44 on Thursday. Taylor Morrison Home Corporation has a 1 year low of $54.15 and a 1 year 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. The stock has a 50 day simple moving average of $59.25 and a two-hundred day simple moving average of $61.18. The firm has a market cap of $5.37 billion, a P/E ratio of 8.57, a P/E/G ratio of 1.27 and a beta of 1.51.

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 the consensus estimate of $0.82 by $0.30. Taylor Morrison Home had a net margin of 8.77% and a return on equity of 11.48%. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the firm posted $2.07 earnings per share. The business’s revenue was down 26.8% compared to the same quarter last year. On average, analysts forecast that Taylor Morrison Home Corporation will post 5.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on TMHC. Seaport Research Partners reissued a “sell” rating and set a $49.00 price objective (down from $85.00) on shares of Taylor Morrison Home in a report on Tuesday, April 7th. Barclays boosted their price target on shares of Taylor Morrison Home from $68.00 to $69.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Zacks Research raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 22nd. Truist Financial dropped their price objective on shares of Taylor Morrison Home from $85.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, April 16th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $76.00 target price on shares of Taylor Morrison Home in a research report on Thursday, April 23rd. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Taylor Morrison Home currently has an average rating of “Moderate Buy” and a consensus price target 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.