Rafferty Asset Management LLC Acquires 67,684 Shares of Taylor Morrison Home Corporation $TMHC

Rafferty Asset Management LLC increased its holdings in Taylor Morrison Home Corporation (NYSE:TMHC) by 81.3% in the third quarter, HoldingsChannel.com reports. The fund owned 150,890 shares of the construction company’s stock after acquiring an additional 67,684 shares during the period. Rafferty Asset Management LLC’s holdings in Taylor Morrison Home were worth $9,960,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in TMHC. Hantz Financial Services Inc. raised its holdings in Taylor Morrison Home by 1.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 12,341 shares of the construction company’s stock worth $758,000 after purchasing an additional 165 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of Taylor Morrison Home by 13.0% during the second quarter. Parkside Financial Bank & Trust now owns 1,654 shares of the construction company’s stock valued at $102,000 after buying an additional 190 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Taylor Morrison Home by 4.5% during the third quarter. PNC Financial Services Group Inc. now owns 4,691 shares of the construction company’s stock valued at $310,000 after buying an additional 204 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Taylor Morrison Home by 30.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 899 shares of the construction company’s stock worth $55,000 after buying an additional 211 shares in the last quarter. Finally, Profund Advisors LLC lifted its holdings in Taylor Morrison Home by 6.0% in the third quarter. Profund Advisors LLC now owns 3,999 shares of the construction company’s stock worth $264,000 after buying an additional 227 shares during the period. Institutional investors own 95.16% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on TMHC shares. Citizens Jmp began coverage on Taylor Morrison Home in a research report on Wednesday, January 7th. They set a “market outperform” rating and a $95.00 price objective on the stock. Barclays dropped their price target on Taylor Morrison Home from $71.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. Royal Bank Of Canada upped their price target on Taylor Morrison Home from $62.00 to $68.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Citigroup began coverage on Taylor Morrison Home in a report on Wednesday, January 7th. They issued an “outperform” rating for the company. Finally, Weiss Ratings cut shares of Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 20th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Taylor Morrison Home currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.17.

Taylor Morrison Home Stock Performance

Taylor Morrison Home stock opened at $65.95 on Monday. Taylor Morrison Home Corporation has a twelve month low of $51.90 and a twelve month high of $72.50. The company has a quick ratio of 1.55, a current ratio of 7.31 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $6.35 billion, a P/E ratio of 8.50, a PEG ratio of 9.20 and a beta of 1.57. The stock’s 50 day moving average is $63.20 and its 200 day moving average is $63.61.

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.