Taylor Morrison Home Corporation $TMHC Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH reduced its stake in Taylor Morrison Home Corporation (NYSE:TMHC) by 50.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 301,237 shares of the construction company’s stock after selling 309,238 shares during the period. Allianz Asset Management GmbH owned approximately 0.30% of Taylor Morrison Home worth $19,885,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Long Pond Capital LP grew its position in Taylor Morrison Home by 132.4% in the 2nd quarter. Long Pond Capital LP now owns 1,561,586 shares of the construction company’s stock valued at $95,913,000 after acquiring an additional 889,616 shares in the last quarter. Norges Bank acquired a new position in shares of Taylor Morrison Home in the second quarter valued at approximately $93,627,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Taylor Morrison Home by 1.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,374,540 shares of the construction company’s stock valued at $84,424,000 after purchasing an additional 20,902 shares in the last quarter. AQR Capital Management LLC increased its stake in Taylor Morrison Home by 118.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,273,418 shares of the construction company’s stock worth $77,933,000 after buying an additional 689,286 shares during the period. Finally, American Century Companies Inc. lifted its holdings in Taylor Morrison Home by 21.9% during the 2nd quarter. American Century Companies Inc. now owns 1,069,859 shares of the construction company’s stock worth $65,711,000 after buying an additional 192,554 shares in the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Up 0.0%

Taylor Morrison Home stock opened at $65.21 on Friday. The company has a market capitalization of $6.37 billion, a P/E ratio of 7.86 and a beta of 1.59. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.02 and a current ratio of 7.02. Taylor Morrison Home Corporation has a fifty-two week low of $51.90 and a fifty-two week high of $72.50. The stock has a 50-day simple moving average of $61.78 and a 200-day simple moving average of $63.25.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TMHC shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Taylor Morrison Home in a research note on Monday, December 29th. Zacks Research lowered shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Bank of America reaffirmed a “neutral” rating and set a $70.00 price objective (up from $68.00) on shares of Taylor Morrison Home in a research report on Friday, January 16th. Royal Bank Of Canada reissued an “outperform” rating and issued a $62.00 target price on shares of Taylor Morrison Home in a report on Friday, January 9th. Finally, Wedbush reaffirmed an “outperform” rating and set a $85.00 price target on shares of Taylor Morrison Home in a report on Thursday, October 23rd. Eight analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Taylor Morrison Home has a consensus rating of “Moderate Buy” and an average price target of $77.14.

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.