Vanguard Group Inc. Sells 272,091 Shares of Taylor Morrison Home Corporation $TMHC

Vanguard Group Inc. reduced its holdings in Taylor Morrison Home Corporation (NYSE:TMHC) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,675,874 shares of the construction company’s stock after selling 272,091 shares during the quarter. Vanguard Group Inc. owned about 0.10% of Taylor Morrison Home worth $638,704,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. AlphaQuest LLC grew its stake in shares of Taylor Morrison Home by 97.3% in the third quarter. AlphaQuest LLC now owns 38,734 shares of the construction company’s stock worth $2,557,000 after acquiring an additional 19,098 shares during the last quarter. Arkadios Wealth Advisors bought a new stake in Taylor Morrison Home in the 2nd quarter valued at $359,000. Nordea Investment Management AB grew its position in Taylor Morrison Home by 10.0% in the 3rd quarter. Nordea Investment Management AB now owns 193,249 shares of the construction company’s stock worth $12,689,000 after purchasing an additional 17,595 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of Taylor Morrison Home during the 3rd quarter worth about $2,088,000. Finally, Pacer Advisors Inc. acquired a new position in shares of Taylor Morrison Home during the third quarter valued at about $1,357,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on TMHC shares. Royal Bank Of Canada lifted their target price on Taylor Morrison Home from $62.00 to $68.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Zacks Research downgraded Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. Citigroup initiated coverage on Taylor Morrison Home in a research report on Wednesday, January 7th. They set an “outperform” rating on the stock. Barclays cut their target price on Taylor Morrison Home from $71.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. Finally, Weiss Ratings downgraded shares of Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $77.17.

Taylor Morrison Home Trading Down 1.8%

TMHC stock opened at $66.72 on Tuesday. The company has a current ratio of 7.31, a quick ratio of 1.55 and a debt-to-equity ratio of 0.36. The firm has a market cap of $6.52 billion, a P/E ratio of 8.60, a P/E/G ratio of 9.48 and a beta of 1.59. Taylor Morrison Home Corporation has a 1-year low of $51.90 and a 1-year high of $72.50. The business’s 50 day moving average is $62.78 and its 200-day moving average is $63.61.

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.