GSA Capital Partners LLP Acquires New Stake in Taylor Morrison Home Corporation $TMHC

GSA Capital Partners LLP acquired a new stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 26,233 shares of the construction company’s stock, valued at approximately $1,544,000.

Other hedge funds have also made changes to their positions in the company. Root Financial Partners LLC acquired a new position in shares of Taylor Morrison Home during the third quarter valued at approximately $27,000. Pinnacle Holdings LLC acquired a new position in shares of Taylor Morrison Home during the third quarter valued at approximately $32,000. Huntington National Bank increased its stake in shares of Taylor Morrison Home by 2,074.1% during the third quarter. Huntington National Bank now owns 587 shares of the construction company’s stock valued at $39,000 after acquiring an additional 560 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of Taylor Morrison Home during the fourth quarter valued at approximately $40,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Taylor Morrison Home during the third quarter valued at approximately $49,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Trading Up 4.1%

Taylor Morrison Home stock opened at $57.44 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.45 and a current ratio of 7.66. The firm has a market cap of $5.37 billion, a price-to-earnings ratio of 8.57, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51. Taylor Morrison Home Corporation has a 1 year low of $54.15 and a 1 year high of $72.50. The firm’s 50 day moving average price is $59.25 and its two-hundred day moving average price is $61.18.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, April 22nd. The construction company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.30. Taylor Morrison Home had a net margin of 8.77% and a return on equity of 11.48%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the previous year, the business posted $2.07 earnings per share. The firm’s quarterly revenue was down 26.8% compared to the same quarter last year. On average, research analysts predict that Taylor Morrison Home Corporation will post 5.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on TMHC shares. Wolfe Research restated an “outperform” rating and issued a $76.00 price target on shares of Taylor Morrison Home in a research report on Thursday, April 23rd. Bank of America decreased their price target on shares of Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th. Seaport Research Partners restated a “sell” rating and issued a $49.00 price target (down from $85.00) on shares of Taylor Morrison Home in a research report on Tuesday, April 7th. 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 report on Thursday, April 23rd. Finally, Truist Financial decreased their price target on shares of Taylor Morrison Home from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, April 16th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $77.43.

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.