Taylor Morrison Home Corporation $TMHC Stock Position Lowered by Vanguard Group Inc.

Vanguard Group Inc. decreased its position in Taylor Morrison Home Corporation (NYSE:TMHC) by 2.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 9,675,874 shares of the construction company’s stock after selling 272,091 shares during the period. Vanguard Group Inc. owned about 9.90% of Taylor Morrison Home worth $638,704,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. ORG Partners LLC acquired a new stake in shares of Taylor Morrison Home in the third quarter worth $26,000. Root Financial Partners LLC acquired a new position in shares of Taylor Morrison Home in the 3rd quarter valued at about $27,000. Atlantic Union Bankshares Corp acquired a new position in shares of Taylor Morrison Home in the 2nd quarter valued at about $28,000. AlphaCore Capital LLC purchased a new stake in shares of Taylor Morrison Home in the second quarter worth approximately $37,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Taylor Morrison Home during the third quarter worth approximately $49,000. 95.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on TMHC. Weiss Ratings lowered shares of Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Citizens Jmp started coverage on shares of Taylor Morrison Home in a report on Wednesday, January 7th. They set a “market outperform” rating and a $95.00 price target on the stock. Barclays reduced their price objective on Taylor Morrison Home from $71.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Bank of America reiterated a “neutral” rating and set a $70.00 price target (up from $68.00) on shares of Taylor Morrison Home in a report on Friday, January 16th. Finally, Royal Bank Of Canada boosted their price target on Taylor Morrison Home from $62.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Taylor Morrison Home presently has a consensus rating of “Moderate Buy” and an average target price of $77.17.

Taylor Morrison Home Price Performance

Shares of NYSE:TMHC opened at $66.72 on Tuesday. The stock has a market capitalization of $6.52 billion, a P/E ratio of 8.60, a P/E/G ratio of 9.48 and a beta of 1.59. The business has a 50-day moving average of $62.78 and a two-hundred day moving average of $63.61. 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 0.36, a current ratio of 7.31 and a quick ratio of 1.55.

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.