Taylor Morrison Home Corporation $TMHC Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC decreased its position in Taylor Morrison Home Corporation (NYSE:TMHC) by 39.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 394,725 shares of the construction company’s stock after selling 255,498 shares during the quarter. William Blair Investment Management LLC owned about 0.40% of Taylor Morrison Home worth $23,237,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new position in Taylor Morrison Home in the 3rd quarter valued at about $27,000. Pinnacle Holdings LLC acquired a new position in Taylor Morrison Home in the 3rd quarter valued at about $32,000. Huntington National Bank raised its stake 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 acquired a new position in Taylor Morrison Home in the 4th quarter valued at about $40,000. Finally, First Horizon Corp raised its stake 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 and hedge funds own 95.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TMHC. Barclays boosted their target price on shares of Taylor Morrison Home from $68.00 to $69.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Weiss Ratings downgraded shares of Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Wolfe Research reissued an “outperform” rating and issued a $76.00 target price on shares of Taylor Morrison Home in a research note on Thursday, April 23rd. Seaport Research Partners reaffirmed a “sell” rating and set a $49.00 price objective (down from $85.00) on shares of Taylor Morrison Home in a research note on Tuesday, April 7th. Finally, Zacks Research raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 22nd. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $77.43.

Taylor Morrison Home Trading Up 0.1%

NYSE TMHC opened at $58.03 on Tuesday. Taylor Morrison Home Corporation has a 12 month low of $54.15 and a 12 month high of $72.50. The company has a 50-day moving average of $59.16 and a 200-day moving average of $61.16. 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 company has a market cap of $5.42 billion, a P/E ratio of 8.66, a P/E/G ratio of 1.34 and a beta of 1.51.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, April 22nd. The construction company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the company posted $2.07 EPS. The company’s quarterly revenue was down 26.8% compared to the same quarter last year. As a group, equities analysts predict that Taylor Morrison Home Corporation will post 5.36 earnings per share for the current year.

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.