Legato Capital Management LLC Acquires New Shares in Taylor Morrison Home Corporation $TMHC

Legato Capital Management LLC bought a new position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,200 shares of the construction company’s stock, valued at approximately $673,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. ORG Partners LLC acquired a new position in shares of Taylor Morrison Home in the 3rd quarter valued at $26,000. Root Financial Partners LLC purchased a new stake in Taylor Morrison Home in the 3rd quarter valued at about $27,000. Atlantic Union Bankshares Corp purchased a new stake in Taylor Morrison Home in the 2nd quarter valued at about $28,000. Huntington National Bank lifted its position in Taylor Morrison Home by 2,074.1% in the third quarter. Huntington National Bank now owns 587 shares of the construction company’s stock valued at $39,000 after buying an additional 560 shares during the last quarter. Finally, AlphaCore Capital LLC purchased a new position in Taylor Morrison Home during the second quarter worth about $37,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Up 0.1%

Taylor Morrison Home stock opened at $63.65 on Thursday. The firm has a market capitalization of $6.13 billion, a P/E ratio of 8.20, a P/E/G ratio of 8.91 and a beta of 1.58. The company has a current ratio of 7.31, a quick ratio of 1.55 and a debt-to-equity ratio of 0.36. Taylor Morrison Home Corporation has a twelve month low of $51.90 and a twelve month high of $72.50. The stock’s fifty day simple moving average is $63.50 and its 200-day simple moving average is $63.56.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TMHC shares. Truist Financial assumed coverage on shares of Taylor Morrison Home in a research note on Tuesday. They issued a “buy” rating and a $85.00 price target on the stock. Citigroup initiated coverage on shares of Taylor Morrison Home in a report on Wednesday, January 7th. They issued an “outperform” rating for the company. Barclays decreased their price target on Taylor Morrison Home from $71.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Bank of America restated a “neutral” rating on shares of Taylor Morrison Home in a research report on Tuesday. Finally, Zacks Research downgraded Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Seven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $78.29.

Taylor Morrison Home 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.