Legal & General Group Plc lessened its position in Taylor Morrison Home Corporation (NYSE:TMHC – Free Report) by 19.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 163,927 shares of the construction company’s stock after selling 40,558 shares during the period. Legal & General Group Plc’s holdings in Taylor Morrison Home were worth $9,650,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the stock. AQR Capital Management LLC grew its holdings in shares of Taylor Morrison Home by 73.8% in the 3rd quarter. AQR Capital Management LLC now owns 2,213,556 shares of the construction company’s stock worth $146,117,000 after acquiring an additional 940,138 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Taylor Morrison Home by 96.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,302,940 shares of the construction company’s stock worth $76,704,000 after acquiring an additional 638,321 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Taylor Morrison Home by 360.1% in the 3rd quarter. Alliancebernstein L.P. now owns 1,284,221 shares of the construction company’s stock worth $84,771,000 after acquiring an additional 1,005,116 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Taylor Morrison Home by 47.4% in the 3rd quarter. Victory Capital Management Inc. now owns 1,208,689 shares of the construction company’s stock worth $79,786,000 after acquiring an additional 388,959 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Taylor Morrison Home by 6.1% in the 3rd quarter. American Century Companies Inc. now owns 1,135,097 shares of the construction company’s stock worth $74,928,000 after acquiring an additional 65,238 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.
Taylor Morrison Home Stock Performance
Shares of TMHC stock opened at $71.51 on Friday. Taylor Morrison Home Corporation has a 1-year low of $54.15 and a 1-year high of $72.50. The company has a current ratio of 7.66, a quick ratio of 1.45 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $6.68 billion, a price-to-earnings ratio of 10.67, a P/E/G ratio of 1.65 and a beta of 1.47. The stock’s fifty day simple moving average is $60.15 and its 200-day simple moving average is $61.47.
Analyst Ratings Changes
TMHC has been the topic of a number of recent research reports. Bank of America decreased their target price on Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Truist Financial decreased their target price on Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating on the stock in a report on Monday. Royal Bank Of Canada cut Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from $69.00 to $72.50 in a report on Tuesday. Wolfe Research restated an “outperform” rating and issued a $76.00 target price on shares of Taylor Morrison Home in a report on Thursday, April 23rd. Finally, Zacks Research upgraded Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 22nd. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $76.86.
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.
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