Cigna Investments Inc. New cut its holdings in shares of Taylor Morrison Home Corp (NYSE:TMHC) by 40.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,150 shares of the construction company’s stock after selling 20,895 shares during the period. Cigna Investments Inc. New’s holdings in Taylor Morrison Home were worth $726,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of TMHC. BlackRock Inc. boosted its position in shares of Taylor Morrison Home by 47.7% during the 1st quarter. BlackRock Inc. now owns 10,187,420 shares of the construction company’s stock worth $237,164,000 after purchasing an additional 3,289,728 shares in the last quarter. Donald Smith & CO. Inc. boosted its position in shares of Taylor Morrison Home by 94.7% during the 4th quarter. Donald Smith & CO. Inc. now owns 6,502,696 shares of the construction company’s stock worth $159,121,000 after purchasing an additional 3,162,765 shares in the last quarter. Millennium Management LLC boosted its position in shares of Taylor Morrison Home by 304.9% during the 4th quarter. Millennium Management LLC now owns 3,638,831 shares of the construction company’s stock worth $89,042,000 after purchasing an additional 2,740,201 shares in the last quarter. Brandes Investment Partners LP purchased a new stake in shares of Taylor Morrison Home during the 4th quarter worth $18,733,000. Finally, Franklin Resources Inc. purchased a new stake in shares of Taylor Morrison Home during the 4th quarter worth $14,640,000. Hedge funds and other institutional investors own 99.16% of the company’s stock.
Shares of NYSE:TMHC traded up $0.04 during trading on Thursday, reaching $21.42. 1,849,234 shares of the stock were exchanged, compared to its average volume of 1,545,778. The stock has a market capitalization of $2.44 billion, a P/E ratio of 10.79, a PEG ratio of 0.71 and a beta of 1.39. Taylor Morrison Home Corp has a 12-month low of $19.68 and a 12-month high of $28.42. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.91 and a current ratio of 7.28.
Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, May 2nd. The construction company reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.04. Taylor Morrison Home had a return on equity of 7.23% and a net margin of 3.24%. The company had revenue of $752.33 million for the quarter, compared to analyst estimates of $785.62 million. During the same period in the prior year, the company posted $0.30 EPS. Taylor Morrison Home’s quarterly revenue was down 2.2% on a year-over-year basis. analysts predict that Taylor Morrison Home Corp will post 2.61 earnings per share for the current year.
Several research analysts have recently issued reports on TMHC shares. Deutsche Bank boosted their target price on shares of Taylor Morrison Home from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. ValuEngine upgraded Taylor Morrison Home from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 7th. Zacks Investment Research cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Barclays lowered their price target on Taylor Morrison Home from $28.00 to $25.00 and set a “hold” rating for the company in a report on Monday, March 26th. Finally, Wells Fargo & Co set a $34.00 price target on Taylor Morrison Home and gave the company a “buy” rating in a report on Friday, June 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. Taylor Morrison Home has an average rating of “Hold” and an average price target of $28.88.
About Taylor Morrison Home
Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family detached and attached homes; and develops lifestyle and master-planned communities. It operates under the Taylor Morrison and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.
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