Royal Bank of Canada Sells 66,113 Shares of Taylor Morrison Home Corporation $TMHC

Royal Bank of Canada decreased its position in Taylor Morrison Home Corporation (NYSE:TMHC) by 70.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,178 shares of the construction company’s stock after selling 66,113 shares during the quarter. Royal Bank of Canada’s holdings in Taylor Morrison Home were worth $1,582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. M&T Bank Corp raised its stake in Taylor Morrison Home by 28,246.3% during the fourth quarter. M&T Bank Corp now owns 1,058,169 shares of the construction company’s stock valued at $62,294,000 after purchasing an additional 1,054,436 shares in the last quarter. Landscape Capital Management L.L.C. grew its stake in shares of Taylor Morrison Home by 95.0% in the 4th quarter. Landscape Capital Management L.L.C. now owns 26,103 shares of the construction company’s stock worth $1,537,000 after buying an additional 12,715 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Taylor Morrison Home by 10.4% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 716,925 shares of the construction company’s stock worth $41,754,000 after buying an additional 67,785 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Taylor Morrison Home during the 4th quarter valued at about $624,000. Finally, Teacher Retirement System of Texas lifted its holdings in shares of Taylor Morrison Home by 12.6% in the 4th quarter. Teacher Retirement System of Texas now owns 145,007 shares of the construction company’s stock valued at $8,537,000 after acquiring an additional 16,242 shares during the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Taylor Morrison Home Price Performance

Shares of NYSE TMHC opened at $72.45 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 7.66 and a quick ratio of 1.45. The company has a market cap of $6.77 billion, a P/E ratio of 10.81, a PEG ratio of 1.70 and a beta of 1.44. Taylor Morrison Home Corporation has a 1 year low of $54.15 and a 1 year high of $72.50. The firm has a 50-day simple moving average of $72.12 and a two-hundred day simple moving average of $65.56.

Wall Street Analysts Forecast Growth

TMHC has been the topic of several analyst reports. Zacks Research raised Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 22nd. Citigroup cut Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a report on Monday, June 1st. Truist Financial cut their target price on Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating on the stock in a research report on Monday, June 1st. Wolfe Research lowered Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a report on Wednesday, June 10th. Finally, Citizens Jmp downgraded Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a research report on Monday, June 1st. Two equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $77.43.

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.