Hancock Whitney Corp decreased its stake in shares of Taylor Morrison Home Corp (NYSE:TMHC) by 0.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 193,778 shares of the construction company’s stock after selling 1,819 shares during the quarter. Hancock Whitney Corp owned about 0.14% of Taylor Morrison Home worth $2,132,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Pacitti Group Inc. purchased a new position in Taylor Morrison Home during the fourth quarter valued at $28,000. Nisa Investment Advisors LLC increased its holdings in shares of Taylor Morrison Home by 123.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,340 shares of the construction company’s stock worth $29,000 after purchasing an additional 740 shares in the last quarter. US Bancorp DE increased its holdings in shares of Taylor Morrison Home by 54.1% in the 4th quarter. US Bancorp DE now owns 1,435 shares of the construction company’s stock worth $31,000 after purchasing an additional 504 shares in the last quarter. Valeo Financial Advisors LLC bought a new stake in shares of Taylor Morrison Home in the 4th quarter worth $44,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Taylor Morrison Home by 2,045.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,240 shares of the construction company’s stock worth $35,000 after purchasing an additional 3,089 shares in the last quarter. Institutional investors and hedge funds own 90.84% of the company’s stock.
A number of analysts have commented on TMHC shares. B. Riley reduced their target price on Taylor Morrison Home from $23.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Wells Fargo & Co lifted their target price on Taylor Morrison Home from $14.00 to $16.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 12th. JPMorgan Chase & Co. lowered Taylor Morrison Home from an “overweight” rating to a “neutral” rating and set a $10.00 target price for the company. in a report on Wednesday, March 18th. Zacks Investment Research lowered Taylor Morrison Home from a “strong-buy” rating to a “sell” rating in a report on Wednesday, April 15th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Taylor Morrison Home in a report on Thursday, March 26th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $14.83.
Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, May 6th. The construction company reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.06. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.25 billion. Taylor Morrison Home had a return on equity of 12.35% and a net margin of 3.32%. Taylor Morrison Home’s quarterly revenue was up 45.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 earnings per share. Analysts expect that Taylor Morrison Home Corp will post 2.28 EPS for the current fiscal year.
In related news, CAO Joseph Terracciano sold 3,259 shares of Taylor Morrison Home stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $26.48, for a total transaction of $86,298.32. Following the transaction, the chief accounting officer now directly owns 1,752 shares in the company, valued at $46,392.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is currently owned by insiders.
Taylor Morrison Home Profile
Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family and multi-family attached and detached 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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