First Mercantile Trust Co. lifted its stake in shares of Taylor Morrison Home Corp (NYSE:TMHC) by 16.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,490 shares of the construction company’s stock after acquiring an additional 1,350 shares during the quarter. First Mercantile Trust Co.’s holdings in Taylor Morrison Home were worth $151,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strs Ohio bought a new stake in Taylor Morrison Home during the 4th quarter valued at approximately $28,000. Bank of Montreal Can boosted its stake in Taylor Morrison Home by 301.4% during the 4th quarter. Bank of Montreal Can now owns 4,748 shares of the construction company’s stock valued at $75,000 after purchasing an additional 3,565 shares during the period. Rehmann Capital Advisory Group boosted its stake in Taylor Morrison Home by 1,703.9% during the 3rd quarter. Rehmann Capital Advisory Group now owns 5,574 shares of the construction company’s stock valued at $309,000 after purchasing an additional 5,265 shares during the period. Commonwealth Bank of Australia bought a new stake in Taylor Morrison Home during the 3rd quarter valued at approximately $137,000. Finally, OLD National Bancorp IN bought a new stake in Taylor Morrison Home during the 4th quarter valued at approximately $302,000. Institutional investors own 93.74% of the company’s stock.
Shares of TMHC opened at $18.86 on Tuesday. Taylor Morrison Home Corp has a 1 year low of $14.73 and a 1 year high of $24.76. The company has a quick ratio of 1.07, a current ratio of 7.58 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $2.24 billion, a PE ratio of 9.53, a P/E/G ratio of 0.74 and a beta of 1.29.
A number of brokerages have recently issued reports on TMHC. Zacks Investment Research cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Saturday, January 12th. Wells Fargo & Co cut Taylor Morrison Home from an “outperform” rating to a “market perform” rating and set a $21.50 target price for the company. in a report on Monday, January 14th. Barclays set a $16.00 target price on Taylor Morrison Home and gave the stock a “sell” rating in a report on Wednesday, December 12th. TheStreet raised Taylor Morrison Home from a “c+” rating to a “b-” rating in a report on Monday, January 28th. Finally, Deutsche Bank increased their target price on Taylor Morrison Home from $14.00 to $16.00 and gave the stock a “hold” rating in a report on Thursday, November 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $21.07.
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Taylor Morrison Home Company Profile
Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family detached and attached homes; and develops lifestyle and master-planned communities. It operates under the Taylor Morrison and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.
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