Peregrine Capital Management LLC Sells 114,793 Shares of Taylor Morrison Home Corp (TMHC)

Peregrine Capital Management LLC lowered its position in Taylor Morrison Home Corp (NASDAQ:TMHC) by 24.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 359,811 shares of the construction company’s stock after selling 114,793 shares during the period. Peregrine Capital Management LLC owned approximately 0.69% of Taylor Morrison Home Corp worth $8,639,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. increased its position in shares of Taylor Morrison Home Corp by 1,170.8% in the first quarter. Russell Investments Group Ltd. now owns 67,135 shares of the construction company’s stock worth $1,431,000 after buying an additional 61,852 shares during the last quarter. Shell Asset Management Co. bought a new stake in shares of Taylor Morrison Home Corp during the first quarter worth $541,000. First Mercantile Trust Co. bought a new stake in shares of Taylor Morrison Home Corp during the first quarter worth $224,000. Acadian Asset Management LLC bought a new stake in shares of Taylor Morrison Home Corp during the first quarter worth $1,254,000. Finally, Nationwide Fund Advisors raised its stake in shares of Taylor Morrison Home Corp by 68.8% in the first quarter. Nationwide Fund Advisors now owns 117,516 shares of the construction company’s stock worth $2,505,000 after buying an additional 47,878 shares during the period.

Taylor Morrison Home Corp (TMHC) traded down 1.57% during midday trading on Friday, reaching $21.31. 845,929 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $23.23 and its 200-day moving average price is $22.21. The company has a market capitalization of $1.54 billion and a PE ratio of 12.83. Taylor Morrison Home Corp has a 1-year low of $15.82 and a 1-year high of $24.79.

Taylor Morrison Home Corp (NASDAQ:TMHC) last posted its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.08. The company had revenue of $908.49 million for the quarter, compared to analyst estimates of $849.70 million. Taylor Morrison Home Corp had a net margin of 6.16% and a return on equity of 9.57%. Taylor Morrison Home Corp’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.37 earnings per share. Equities analysts expect that Taylor Morrison Home Corp will post $1.94 EPS for the current year.

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A number of brokerages have recently weighed in on TMHC. Zacks Investment Research raised shares of Taylor Morrison Home Corp from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Tuesday, July 4th. ValuEngine raised shares of Taylor Morrison Home Corp from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. BidaskClub lowered shares of Taylor Morrison Home Corp from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. FBR & Co boosted their price objective on shares of Taylor Morrison Home Corp from $21.00 to $23.00 and gave the company a “mkt perform” rating in a report on Friday, April 28th. Finally, Deutsche Bank AG boosted their price objective on shares of Taylor Morrison Home Corp from $25.00 to $27.00 and gave the company a “buy” rating in a report on Monday, August 7th. Seven investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Taylor Morrison Home Corp currently has a consensus rating of “Hold” and a consensus target price of $23.00.

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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