Tectonic Advisors LLC Has $1.95 Million Stock Position in Taylor Morrison Home Corporation $TMHC

by · The Cerbat Gem

Tectonic Advisors LLC boosted its position in Taylor Morrison Home Corporation (NYSE:TMHC – Free Report) by 42.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,558 shares of the construction company’s stock after acquiring an additional 8,795 shares during the period. Tectonic Advisors LLC’s holdings in Taylor Morrison Home were worth $1,951,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in TMHC. Atlantic Union Bankshares Corp acquired a new position in shares of Taylor Morrison Home during the second quarter worth approximately $28,000. AlphaCore Capital LLC bought a new stake in Taylor Morrison Home during the 2nd quarter valued at $37,000. Parallel Advisors LLC increased its stake in Taylor Morrison Home by 29.9% during the 2nd quarter. Parallel Advisors LLC now owns 882 shares of the construction company’s stock valued at $54,000 after purchasing an additional 203 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Taylor Morrison Home by 30.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 899 shares of the construction company’s stock worth $55,000 after buying an additional 211 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Taylor Morrison Home by 406.8% in the second quarter. EverSource Wealth Advisors LLC now owns 897 shares of the construction company’s stock valued at $55,000 after buying an additional 720 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Stock Down 0.5%

Taylor Morrison Home stock opened at $58.86 on Friday. Taylor Morrison Home Corporation has a fifty-two week low of $51.90 and a fifty-two week high of $72.50. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.02 and a current ratio of 7.02. The firm’s 50-day simple moving average is $60.38 and its 200 day simple moving average is $63.14. The stock has a market cap of $5.75 billion, a PE ratio of 7.09 and a beta of 1.59.

Taylor Morrison Home (NYSE:TMHC – Get Free Report) last posted its quarterly earnings data on Wednesday, October 22nd. The construction company reported $2.11 EPS for the quarter, beating the consensus estimate of $1.93 by $0.18. Taylor Morrison Home had a net margin of 10.16% and a return on equity of 15.23%. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the business posted $2.40 EPS. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. Research analysts predict that Taylor Morrison Home Corporation will post 8.93 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Taylor Morrison Home in a report on Monday. Zacks Research raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 23rd. Wedbush reiterated an “outperform” rating and set a $85.00 price target on shares of Taylor Morrison Home in a research note on Thursday, October 23rd. Barclays reissued an “overweight” rating and set a $71.00 price objective on shares of Taylor Morrison Home in a report on Monday, December 8th. Finally, Bank of America lowered their price objective on Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating for the company in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Taylor Morrison Home currently has a consensus rating of “Buy” and an average target price of $75.57.

Get Our Latest Research Report on Taylor Morrison Home

Taylor Morrison Home Profile

(Free Report)

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.

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