GSA Capital Partners LLP Buys Shares of 26,233 Taylor Morrison Home Corporation $TMHC

GSA Capital Partners LLP bought a new stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 26,233 shares of the construction company’s stock, valued at approximately $1,544,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Handelsbanken Fonder AB grew its stake in Taylor Morrison Home by 6.7% during the 4th quarter. Handelsbanken Fonder AB now owns 28,560 shares of the construction company’s stock valued at $1,681,000 after acquiring an additional 1,800 shares in the last quarter. ProShare Advisors LLC grew its stake in Taylor Morrison Home by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 21,478 shares of the construction company’s stock valued at $1,264,000 after acquiring an additional 659 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in Taylor Morrison Home by 32.0% during the 4th quarter. Gamco Investors INC. ET AL now owns 13,190 shares of the construction company’s stock valued at $776,000 after acquiring an additional 3,200 shares in the last quarter. Abacus Wealth Partners LLC purchased a new position in shares of Taylor Morrison Home during the 4th quarter valued at $1,621,000. Finally, Paulson Wealth Management Inc. grew its holdings in shares of Taylor Morrison Home by 5.2% during the 4th quarter. Paulson Wealth Management Inc. now owns 4,811 shares of the construction company’s stock valued at $283,000 after acquiring an additional 238 shares in the last quarter. Hedge funds and other institutional investors 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 quick ratio of 1.45, a current ratio of 7.66 and a debt-to-equity ratio of 0.37. Taylor Morrison Home Corporation has a 12 month low of $54.15 and a 12 month high of $72.50. The company’s fifty day simple moving average is $59.25 and its 200-day simple moving average is $61.18. The stock has a market cap of $5.37 billion, a P/E ratio of 8.57, a P/E/G ratio of 1.27 and a beta of 1.51.

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 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 business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the previous year, the business earned $2.07 EPS. Taylor Morrison Home’s quarterly revenue was down 26.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Taylor Morrison Home Corporation will post 5.36 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Bank of America lowered 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 report on Monday, April 20th. Barclays boosted their price target on shares of Taylor Morrison Home from $68.00 to $69.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Weiss Ratings cut shares of Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, April 24th. Seaport Research Partners restated a “sell” rating and set a $49.00 price target (down from $85.00) on shares of Taylor Morrison Home in a report on Tuesday, April 7th. Finally, Truist Financial lowered 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 report on Thursday, April 16th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently 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.