Magnetar Financial LLC Takes Position in Taylor Morrison Home Corporation $TMHC

Magnetar Financial LLC acquired a new stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 53,869 shares of the construction company’s stock, valued at approximately $3,556,000. Magnetar Financial LLC owned about 0.06% of Taylor Morrison Home as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TMHC. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Taylor Morrison Home by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 299,888 shares of the construction company’s stock worth $18,005,000 after purchasing an additional 16,379 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Taylor Morrison Home by 11.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 103,355 shares of the construction company’s stock valued at $6,348,000 after buying an additional 10,858 shares during the period. Atlantic Union Bankshares Corp purchased a new position in shares of Taylor Morrison Home in the 2nd quarter worth $28,000. Aviva PLC purchased a new position in shares of Taylor Morrison Home in the 2nd quarter worth $558,000. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Taylor Morrison Home by 13.0% in the second quarter. Parkside Financial Bank & Trust now owns 1,654 shares of the construction company’s stock worth $102,000 after acquiring an additional 190 shares during the period. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Trading Down 1.1%

NYSE:TMHC opened at $59.57 on Thursday. Taylor Morrison Home Corporation has a one year low of $51.90 and a one year high of $72.50. The business has a fifty day moving average price of $63.65 and a 200-day moving average price of $63.31. The firm has a market capitalization of $5.74 billion, a price-to-earnings ratio of 7.68, a price-to-earnings-growth ratio of 8.27 and a beta of 1.58. The company has a debt-to-equity ratio of 0.36, a current ratio of 7.31 and a quick ratio of 1.55.

Analyst Ratings Changes

A number of analysts recently commented on the company. Citigroup assumed coverage on Taylor Morrison Home in a research report on Wednesday, January 7th. They set an “outperform” rating for the company. Weiss Ratings cut Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 20th. Truist Financial initiated coverage on Taylor Morrison Home in a research note on Tuesday, March 3rd. They set a “buy” rating and a $85.00 price target for the company. Royal Bank Of Canada upped their price target on shares of Taylor Morrison Home from $62.00 to $68.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Finally, Zacks Research downgraded shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $78.29.

About Taylor Morrison Home

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.