Taylor Morrison Home Corporation $TMHC Shares Acquired by Whittier Trust Co.

Whittier Trust Co. raised its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 10.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 103,913 shares of the construction company’s stock after purchasing an additional 9,520 shares during the period. Whittier Trust Co.’s holdings in Taylor Morrison Home were worth $6,140,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in TMHC. Alliancebernstein L.P. increased its position in shares of Taylor Morrison Home by 360.1% during the third quarter. Alliancebernstein L.P. now owns 1,284,221 shares of the construction company’s stock worth $84,771,000 after purchasing an additional 1,005,116 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Taylor Morrison Home by 73.8% during the third quarter. AQR Capital Management LLC now owns 2,213,556 shares of the construction company’s stock worth $146,117,000 after purchasing an additional 940,138 shares in the last quarter. Freestone Grove Partners LP acquired a new position in shares of Taylor Morrison Home during the third quarter worth $56,894,000. Assenagon Asset Management S.A. increased its position in shares of Taylor Morrison Home by 96.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,302,940 shares of the construction company’s stock worth $76,704,000 after purchasing an additional 638,321 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in shares of Taylor Morrison Home during the third quarter worth $38,189,000. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Price Performance

NYSE:TMHC opened at $60.62 on Friday. Taylor Morrison Home Corporation has a one year low of $54.58 and a one year high of $72.50. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.55 and a current ratio of 7.31. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of 7.81, a PEG ratio of 8.00 and a beta of 1.58. The firm’s fifty day moving average is $61.66 and its two-hundred day moving average is $61.58.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TMHC. Bank of America reissued a “neutral” rating on shares of Taylor Morrison Home in a research report on Tuesday, March 3rd. Zacks Research downgraded Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. Citigroup began coverage on Taylor Morrison Home in a research report on Wednesday, January 7th. They issued an “outperform” rating on the stock. Weiss Ratings downgraded Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 20th. Finally, Truist Financial cut their target price on Taylor Morrison Home from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $77.67.

Taylor Morrison Home 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.