Taylor Morrison Home Corporation $TMHC Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund decreased its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 28.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 149,342 shares of the construction company’s stock after selling 60,240 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Taylor Morrison Home were worth $8,698,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Miller Capital Partners Inc. purchased a new stake in shares of Taylor Morrison Home in the fourth quarter valued at $27,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Taylor Morrison Home during the fourth quarter valued at $33,000. Root Financial Partners LLC increased its position in Taylor Morrison Home by 65.7% during the 1st quarter. Root Financial Partners LLC now owns 638 shares of the construction company’s stock worth $37,000 after purchasing an additional 253 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in Taylor Morrison Home during the 4th quarter worth about $40,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Taylor Morrison Home during the 4th quarter worth about $45,000. 95.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TMHC. Zacks Research upgraded shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 22nd. Barclays reiterated an “equal weight” rating and set a $73.00 price target (up from $69.00) on shares of Taylor Morrison Home in a report on Tuesday, July 14th. Wolfe Research lowered shares of Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, June 10th. Royal Bank Of Canada downgraded shares of Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from $69.00 to $72.50 in a research note on Tuesday, June 2nd. Finally, Seaport Research Partners restated a “sell” rating and set a $49.00 target price (down from $85.00) on shares of Taylor Morrison Home in a research report on Tuesday, April 7th. Two research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, Taylor Morrison Home has a consensus rating of “Hold” and an average price target of $77.43.

Taylor Morrison Home Price Performance

Shares of NYSE:TMHC opened at $72.45 on Wednesday. The company has a market cap of $6.77 billion, a P/E ratio of 10.81, a P/E/G ratio of 1.70 and a beta of 1.44. The business has a fifty day simple moving average of $69.71 and a 200-day simple moving average of $64.50. Taylor Morrison Home Corporation has a 52 week low of $54.15 and a 52 week high of $72.50. The company has a quick ratio of 1.45, a current ratio of 7.66 and a debt-to-equity ratio of 0.37.

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.