Taylor Morrison Home Corporation $TMHC Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC grew its stake in Taylor Morrison Home Corporation (NYSE:TMHC) by 108.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 386,723 shares of the construction company’s stock after purchasing an additional 201,569 shares during the period. Hsbc Holdings PLC’s holdings in Taylor Morrison Home were worth $22,793,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. AQR Capital Management LLC grew its stake in Taylor Morrison Home by 67.6% in the fourth quarter. AQR Capital Management LLC now owns 3,710,885 shares of the construction company’s stock worth $218,274,000 after purchasing an additional 1,497,329 shares in the last quarter. Norges Bank acquired a new stake in Taylor Morrison Home during the fourth quarter valued at approximately $84,994,000. M&T Bank Corp lifted its holdings in Taylor Morrison Home by 28,246.3% during the 4th quarter. M&T Bank Corp now owns 1,058,169 shares of the construction company’s stock worth $62,294,000 after buying an additional 1,054,436 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Taylor Morrison Home by 360.1% during the 3rd quarter. Alliancebernstein L.P. now owns 1,284,221 shares of the construction company’s stock worth $84,771,000 after buying an additional 1,005,116 shares during the last quarter. Finally, Freestone Grove Partners LP acquired a new position in shares of Taylor Morrison Home in the 3rd quarter worth approximately $56,894,000. Institutional investors own 95.16% of the company’s stock.

Analyst Upgrades and Downgrades

TMHC has been the subject of a number of research analyst reports. Truist Financial lowered their price target on Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating for the company in a report on Monday, June 1st. Bank of America decreased their price objective on shares of Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Weiss Ratings lowered shares of Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Royal Bank Of Canada cut shares of Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from $69.00 to $72.50 in a report on Tuesday, June 2nd. Finally, Zacks Research raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 22nd. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $76.86.

Taylor Morrison Home Stock Up 0.4%

Shares of Taylor Morrison Home stock opened at $71.91 on Thursday. The stock has a market capitalization of $6.72 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 1.68 and a beta of 1.47. Taylor Morrison Home Corporation has a twelve month low of $54.15 and a twelve month high of $72.50. The company has a current ratio of 7.66, a quick ratio of 1.45 and a debt-to-equity ratio of 0.37. The business’s 50 day simple moving average is $63.84 and its 200-day simple moving average is $62.50.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $1.33 billion. Taylor Morrison Home had a return on equity of 11.48% and a net margin of 8.77%.The business’s revenue for the quarter was down 26.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.07 EPS. Equities research analysts forecast that Taylor Morrison Home Corporation will post 5.26 earnings per share for the current year.

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.