Taylor Morrison Home Corporation (NYSE:TMHC) Stake Cut by Amalgamated Bank

Amalgamated Bank cut its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 4.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 45,507 shares of the construction company’s stock after selling 2,191 shares during the quarter. Amalgamated Bank’s holdings in Taylor Morrison Home were worth $2,732,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TMHC. Morse Asset Management Inc acquired a new position in shares of Taylor Morrison Home in the fourth quarter worth $29,000. GAMMA Investing LLC grew its stake in Taylor Morrison Home by 193.0% in the first quarter. GAMMA Investing LLC now owns 674 shares of the construction company’s stock valued at $40,000 after purchasing an additional 444 shares in the last quarter. Quarry LP increased its position in Taylor Morrison Home by 202.1% in the 4th quarter. Quarry LP now owns 704 shares of the construction company’s stock worth $43,000 after purchasing an additional 471 shares during the last quarter. Farther Finance Advisors LLC increased its position in Taylor Morrison Home by 49.5% in the 1st quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company’s stock worth $48,000 after purchasing an additional 262 shares during the last quarter. Finally, SRS Capital Advisors Inc. purchased a new stake in shares of Taylor Morrison Home during the 4th quarter worth about $51,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TMHC has been the subject of several recent research reports. Barclays set a $69.00 price target on Taylor Morrison Home and gave the company an “overweight” rating in a research note on Thursday, April 24th. BTIG Research set a $75.00 target price on shares of Taylor Morrison Home and gave the stock a “buy” rating in a research report on Wednesday, April 16th. Bank of America initiated coverage on shares of Taylor Morrison Home in a research note on Monday, May 5th. They set a “buy” rating and a $70.00 price target on the stock. Wall Street Zen lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Sunday, June 1st. Finally, Wedbush reiterated an “outperform” rating and issued a $85.00 price objective on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $76.88.

Taylor Morrison Home Stock Down 2.3%

Shares of TMHC stock opened at $63.45 on Friday. The stock has a market cap of $6.37 billion, a P/E ratio of 7.38 and a beta of 1.57. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.45 and a quick ratio of 0.86. The stock has a fifty day moving average price of $58.87 and a 200 day moving average price of $60.23. Taylor Morrison Home Corporation has a one year low of $51.90 and a one year high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.33. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.81 billion. Taylor Morrison Home had a net margin of 10.84% and a return on equity of 16.72%. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period last year, the firm earned $1.75 EPS. Analysts predict that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current year.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.