Quantbot Technologies LP Boosts Holdings in Taylor Morrison Home Corporation $TMHC

Quantbot Technologies LP raised its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 44.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,567 shares of the construction company’s stock after buying an additional 39,424 shares during the quarter. Quantbot Technologies LP owned about 0.13% of Taylor Morrison Home worth $8,421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. ORG Partners LLC purchased a new stake in Taylor Morrison Home in the 3rd quarter worth $26,000. Root Financial Partners LLC bought a new stake in Taylor Morrison Home in the third quarter worth $27,000. Atlantic Union Bankshares Corp purchased a new stake in Taylor Morrison Home during the second quarter valued at $28,000. AlphaCore Capital LLC purchased a new position in shares of Taylor Morrison Home in the 2nd quarter worth $37,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Taylor Morrison Home in the 3rd quarter worth about $49,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Trading Up 0.2%

Shares of NYSE TMHC opened at $65.95 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 0.36, a quick ratio of 1.55 and a current ratio of 7.31. The company has a market cap of $6.44 billion, a price-to-earnings ratio of 8.50, a PEG ratio of 9.19 and a beta of 1.59. The business’s 50 day moving average price is $63.20 and its 200-day moving average price is $63.67.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Zacks Research downgraded shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Citizens Jmp began coverage on Taylor Morrison Home in a research note on Wednesday, January 7th. They issued a “market outperform” rating and a $95.00 price objective for the company. Weiss Ratings cut Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 20th. Royal Bank Of Canada increased their price target on Taylor Morrison Home from $62.00 to $68.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Finally, Barclays lowered their price target 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. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $77.17.

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.