Cwm LLC Grows Holdings in Taylor Morrison Home Corporation $TMHC

Cwm LLC increased its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 55.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,266 shares of the construction company’s stock after buying an additional 9,331 shares during the period. Cwm LLC’s holdings in Taylor Morrison Home were worth $1,546,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its stake in Taylor Morrison Home by 39.8% during the 4th quarter. Farther Finance Advisors LLC now owns 941 shares of the construction company’s stock worth $55,000 after buying an additional 268 shares during the period. Assetmark Inc. increased its stake in Taylor Morrison Home by 2.7% during the 4th quarter. Assetmark Inc. now owns 797,997 shares of the construction company’s stock worth $46,978,000 after buying an additional 21,150 shares during the period. Tectonic Advisors LLC increased its stake in Taylor Morrison Home by 0.7% during the 4th quarter. Tectonic Advisors LLC now owns 29,765 shares of the construction company’s stock worth $1,752,000 after buying an additional 207 shares during the period. Triad Wealth Partners LLC purchased a new stake in Taylor Morrison Home during the 4th quarter worth $501,000. Finally, V Square Quantitative Management LLC purchased a new stake in Taylor Morrison Home during the 4th quarter worth $40,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on TMHC. Royal Bank Of Canada lifted their price target on shares of Taylor Morrison Home from $68.00 to $69.00 and gave the stock an “outperform” rating in a research note on Thursday. Weiss Ratings downgraded shares of Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday. Citizens Jmp began coverage on shares of Taylor Morrison Home in a research note on Wednesday, January 7th. They set a “market outperform” rating and a $95.00 price target on the stock. Barclays lifted 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. Finally, Citigroup started coverage on shares of Taylor Morrison Home in a report on Wednesday, January 7th. They set an “outperform” rating for the company. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $77.43.

Taylor Morrison Home Stock Down 1.6%

TMHC stock opened at $63.33 on Friday. Taylor Morrison Home Corporation has a 52 week low of $54.58 and a 52 week high of $72.50. The company has a market capitalization of $6.10 billion, a price-to-earnings ratio of 9.45, a price-to-earnings-growth ratio of 1.60 and a beta of 1.58. The firm’s 50-day moving average is $61.36 and its two-hundred day moving average is $61.44. The company has a current ratio of 7.66, a quick ratio of 1.55 and a debt-to-equity ratio of 0.37.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, April 22nd. The construction company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.30. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.33 billion. Taylor Morrison Home had a net margin of 8.77% and a return on equity of 11.48%. The firm’s revenue was down 26.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.07 earnings per share. On average, analysts forecast that Taylor Morrison Home Corporation will post 4.96 earnings per share for the current fiscal year.

About Taylor Morrison Home

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.