Taylor Morrison Home Corp (NASDAQ:TMHC) Shares Sold by Neuberger Berman Group LLC

Neuberger Berman Group LLC cut its position in shares of Taylor Morrison Home Corp (NASDAQ:TMHC) by 43.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,879 shares of the construction company’s stock after selling 8,950 shares during the period. Neuberger Berman Group LLC’s holdings in Taylor Morrison Home Corp were worth $253,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Victory Capital Management Inc. raised its position in shares of Taylor Morrison Home Corp by 34.2% in the first quarter. Victory Capital Management Inc. now owns 6,315 shares of the construction company’s stock worth $135,000 after buying an additional 1,608 shares in the last quarter. Hancock Holding Co. purchased a new position in shares of Taylor Morrison Home Corp during the first quarter worth approximately $204,000. Fox Run Management L.L.C. purchased a new position in shares of Taylor Morrison Home Corp during the first quarter worth approximately $207,000. Federated Investors Inc. PA raised its position in shares of Taylor Morrison Home Corp by 10,261.8% in the fourth quarter. Federated Investors Inc. PA now owns 11,398 shares of the construction company’s stock worth $220,000 after buying an additional 11,288 shares in the last quarter. Finally, CAPROCK Group Inc. purchased a new position in shares of Taylor Morrison Home Corp during the first quarter worth approximately $224,000.

Taylor Morrison Home Corp (TMHC) traded down 1.56% during midday trading on Friday, reaching $22.68. The company had a trading volume of 842,848 shares. The stock has a market capitalization of $1.18 billion and a price-to-earnings ratio of 12.97. The company has a 50-day moving average price of $23.95 and a 200-day moving average price of $22.01. Taylor Morrison Home Corp has a one year low of $15.82 and a one year high of $24.79.

Taylor Morrison Home Corp (NASDAQ:TMHC) last announced its quarterly earnings results on Thursday, April 27th. The construction company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. Taylor Morrison Home Corp had a return on equity of 6.12% and a net margin of 4.63%. The company had revenue of $769.09 million for the quarter, compared to the consensus estimate of $742.08 million. During the same quarter in the previous year, the business earned $0.21 EPS. Taylor Morrison Home Corp’s revenue was up 19.2% compared to the same quarter last year. On average, equities analysts expect that Taylor Morrison Home Corp will post $1.91 earnings per share for the current year.

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A number of research analysts have commented on TMHC shares. BidaskClub lowered Taylor Morrison Home Corp from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research upgraded Taylor Morrison Home Corp from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Tuesday, July 4th. FBR & Co upped their target price on Taylor Morrison Home Corp from $21.00 to $23.00 and gave the company a “mkt perform” rating in a research report on Friday, April 28th. Finally, ValuEngine upgraded Taylor Morrison Home Corp from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Nine research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Taylor Morrison Home Corp currently has an average rating of “Hold” and an average target price of $21.38.

Taylor Morrison Home Corp Company Profile

Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).

Institutional Ownership by Quarter for Taylor Morrison Home Corp (NASDAQ:TMHC)

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