Goldman Sachs Group Inc. Has $107.96 Million Holdings in Taylor Morrison Home Corporation $TMHC

Goldman Sachs Group Inc. boosted its position in Taylor Morrison Home Corporation (NYSE:TMHCFree Report) by 61.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,833,814 shares of the construction company’s stock after buying an additional 695,471 shares during the quarter. Goldman Sachs Group Inc. owned approximately 1.88% of Taylor Morrison Home worth $107,957,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TMHC. Pinnacle Holdings LLC acquired a new position in Taylor Morrison Home in the 3rd quarter valued at $32,000. Huntington National Bank grew its position in Taylor Morrison Home by 2,074.1% in the 3rd quarter. Huntington National Bank now owns 587 shares of the construction company’s stock worth $39,000 after purchasing an additional 560 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in Taylor Morrison Home in the 4th quarter worth $40,000. First Horizon Corp grew its position in Taylor Morrison Home by 151.1% in the 4th quarter. First Horizon Corp now owns 884 shares of the construction company’s stock worth $52,000 after purchasing an additional 532 shares during the last quarter. Finally, Rothschild Investment LLC grew its position in Taylor Morrison Home by 263.2% in the 3rd quarter. Rothschild Investment LLC now owns 799 shares of the construction company’s stock worth $53,000 after purchasing an additional 579 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TMHC shares. Citizens Jmp lowered shares of Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a research report on Monday, June 1st. Bank of America decreased their price target on shares of Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th. Royal Bank Of Canada lowered shares of Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from $69.00 to $72.50 in a research report on Tuesday, June 2nd. Barclays raised their price target on shares of Taylor Morrison Home from $68.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Finally, Truist Financial decreased their price target on shares of Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating on the stock in a research report on Monday, June 1st. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $76.86.

Check Out Our Latest Stock Report on Taylor Morrison Home

Taylor Morrison Home Trading Up 0.3%

Shares of TMHC stock opened at $71.64 on Wednesday. Taylor Morrison Home Corporation has a 12-month low of $54.15 and a 12-month high of $72.50. The company has a market capitalization of $6.69 billion, a P/E ratio of 10.69, a P/E/G ratio of 1.65 and a beta of 1.47. The firm has a 50-day moving average price of $60.92 and a 200 day moving average price of $61.76. 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 (NYSE:TMHCGet Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The construction company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.30. Taylor Morrison Home had a net margin of 8.77% and a return on equity of 11.48%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the firm posted $2.07 EPS. The firm’s quarterly revenue was down 26.8% on a year-over-year basis. Research analysts forecast that Taylor Morrison Home Corporation will post 5.36 earnings per share for the current fiscal year.

Taylor Morrison Home Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Taylor Morrison Home (NYSE:TMHC)

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