Taylor Morrison Home Corporation $TMHC Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. cut its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 72.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,985 shares of the construction company’s stock after selling 13,137 shares during the period. QRG Capital Management Inc.’s holdings in Taylor Morrison Home were worth $329,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Evergreen Capital Management LLC raised its position in shares of Taylor Morrison Home by 46.9% during the 3rd quarter. Evergreen Capital Management LLC now owns 5,836 shares of the construction company’s stock valued at $385,000 after buying an additional 1,862 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in Taylor Morrison Home in the third quarter valued at $2,088,000. Nordea Investment Management AB lifted its stake in shares of Taylor Morrison Home by 10.0% in the 3rd quarter. Nordea Investment Management AB now owns 193,249 shares of the construction company’s stock valued at $12,689,000 after purchasing an additional 17,595 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Taylor Morrison Home by 6.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,000 shares of the construction company’s stock worth $660,000 after purchasing an additional 600 shares during the period. Finally, ORG Partners LLC acquired a new stake in shares of Taylor Morrison Home during the 3rd quarter worth about $26,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

Shares of TMHC stock opened at $62.21 on Friday. The firm has a 50 day moving average of $61.31 and a two-hundred day moving average of $63.30. The stock has a market capitalization of $6.08 billion, a PE ratio of 7.50 and a beta of 1.59. The company has a quick ratio of 1.02, a current ratio of 7.02 and a debt-to-equity ratio of 0.35. Taylor Morrison Home Corporation has a 52 week low of $51.90 and a 52 week high of $72.50.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, October 22nd. The construction company reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.18. Taylor Morrison Home had a return on equity of 15.23% and a net margin of 10.16%.The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the business posted $2.40 earnings per share. Taylor Morrison Home’s revenue was down 1.2% compared to the same quarter last year. On average, research analysts predict that Taylor Morrison Home Corporation will post 8.93 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on TMHC shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Taylor Morrison Home in a research note on Monday, December 29th. Zacks Research raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 23rd. Wedbush reiterated an “outperform” rating and issued a $85.00 target price on shares of Taylor Morrison Home in a report on Thursday, October 23rd. Citigroup started coverage on Taylor Morrison Home in a research note on Wednesday, January 7th. They set an “outperform” rating on the stock. Finally, Bank of America restated a “neutral” rating and set a $70.00 price target (up from $68.00) on shares of Taylor Morrison Home in a research report on Friday, January 16th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $77.14.

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.