Livforsakringsbolaget Skandia Omsesidigt trimmed its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC – Free Report) by 51.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,400 shares of the construction company’s stock after selling 24,100 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Taylor Morrison Home were worth $1,305,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. Allworth Financial LP lifted its holdings in Taylor Morrison Home by 14.9% during the third quarter. Allworth Financial LP now owns 1,546 shares of the construction company’s stock worth $102,000 after buying an additional 200 shares during the period. Tectonic Advisors LLC boosted its position in Taylor Morrison Home by 0.7% during the 4th quarter. Tectonic Advisors LLC now owns 29,765 shares of the construction company’s stock valued at $1,752,000 after acquiring an additional 207 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Taylor Morrison Home by 30.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 899 shares of the construction company’s stock valued at $55,000 after acquiring an additional 211 shares during the period. Verdence Capital Advisors LLC increased its holdings in shares of Taylor Morrison Home by 3.3% in the 4th quarter. Verdence Capital Advisors LLC now owns 6,795 shares of the construction company’s stock valued at $400,000 after acquiring an additional 220 shares during the period. Finally, Paulson Wealth Management Inc. raised its position in shares of Taylor Morrison Home by 5.2% in the 4th quarter. Paulson Wealth Management Inc. now owns 4,811 shares of the construction company’s stock worth $283,000 after acquiring an additional 238 shares in the last quarter. Institutional investors own 95.16% of the company’s stock.
Taylor Morrison Home Stock Up 0.1%
TMHC stock opened at $71.94 on Wednesday. The firm has a 50 day moving average of $66.78 and a 200 day moving average of $63.57. The stock has a market capitalization of $6.72 billion, a PE ratio of 10.74, a price-to-earnings-growth ratio of 1.69 and a beta of 1.44. 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 Corporation has a 52 week low of $54.15 and a 52 week high of $72.50.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on TMHC shares. Bank of America decreased their price objective on Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Raymond James Financial downgraded shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a report on Friday, June 26th. Weiss Ratings lowered shares of Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Zacks Research raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 22nd. Finally, Citizens Jmp downgraded Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a research note on Monday, June 1st. Two investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $77.43.
Read Our Latest Stock Report on Taylor Morrison Home
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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