Vestcor Inc trimmed its stake in Taylor Morrison Home Corporation (NYSE:TMHC – Free Report) by 68.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,249 shares of the construction company’s stock after selling 11,268 shares during the quarter. Vestcor Inc’s holdings in Taylor Morrison Home were worth $309,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the stock. Allworth Financial LP increased its stake in Taylor Morrison Home by 14.9% in the third quarter. Allworth Financial LP now owns 1,546 shares of the construction company’s stock valued at $102,000 after purchasing an additional 200 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Taylor Morrison Home by 4.5% in the third quarter. PNC Financial Services Group Inc. now owns 4,691 shares of the construction company’s stock valued at $310,000 after purchasing an additional 204 shares during the last quarter. Tectonic Advisors LLC increased its stake in Taylor Morrison Home by 0.7% in the fourth quarter. Tectonic Advisors LLC now owns 29,765 shares of the construction company’s stock valued at $1,752,000 after purchasing an additional 207 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased 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 valued at $55,000 after purchasing an additional 211 shares during the last quarter. Finally, Verdence Capital Advisors LLC increased its stake in Taylor Morrison Home by 3.3% in the fourth quarter. Verdence Capital Advisors LLC now owns 6,795 shares of the construction company’s stock valued at $400,000 after purchasing an additional 220 shares during the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.
Taylor Morrison Home Stock Performance
Shares of NYSE:TMHC opened at $71.64 on Wednesday. The firm has a market capitalization of $6.69 billion, a PE ratio of 10.69, a P/E/G ratio of 1.65 and a beta of 1.47. The company has a debt-to-equity ratio of 0.37, a current ratio of 7.66 and a quick ratio of 1.45. The business has a 50-day moving average of $60.92 and a two-hundred day moving average of $61.76. Taylor Morrison Home Corporation has a 12 month low of $54.15 and a 12 month high of $72.50.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on TMHC shares. Royal Bank Of Canada lowered Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and upped their target price for the company from $69.00 to $72.50 in a research note on Tuesday, June 2nd. Wolfe Research lowered Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a research note on Wednesday. Citizens Jmp lowered Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a research note on Monday, June 1st. Seaport Research Partners reiterated a “sell” rating and issued a $49.00 target price (down from $85.00) on shares of Taylor Morrison Home in a research note on Tuesday, April 7th. Finally, Citigroup lowered Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research note on Monday, June 1st. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $76.86.
View Our Latest Report on Taylor Morrison Home
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.
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