Federated Hermes Inc. Sells 92,505 Shares of Taylor Morrison Home Corporation $TMHC

Federated Hermes Inc. reduced its stake in Taylor Morrison Home Corporation (NYSE:TMHC) by 73.1% during the third quarter, HoldingsChannel.com reports. The fund owned 34,017 shares of the construction company’s stock after selling 92,505 shares during the quarter. Federated Hermes Inc.’s holdings in Taylor Morrison Home were worth $2,245,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of TMHC. ORG Partners LLC purchased a new position in shares of Taylor Morrison Home during the third quarter valued at about $26,000. Root Financial Partners LLC purchased a new stake in shares of Taylor Morrison Home in the third quarter worth about $27,000. Atlantic Union Bankshares Corp purchased a new position in Taylor Morrison Home during the 2nd quarter valued at approximately $28,000. AlphaCore Capital LLC purchased a new position in Taylor Morrison Home during the 2nd quarter valued at approximately $37,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Taylor Morrison Home in the 3rd quarter worth approximately $49,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Taylor Morrison Home in a report on Monday, December 29th. Wedbush reaffirmed an “outperform” rating and set a $85.00 price target on shares of Taylor Morrison Home in a research note on Thursday, October 23rd. Bank of America reiterated a “neutral” rating and set a $70.00 price objective (up previously from $68.00) on shares of Taylor Morrison Home in a research report on Friday, January 16th. Zacks Research downgraded shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Finally, Citizens Jmp began coverage on Taylor Morrison Home in a research report on Wednesday, January 7th. They issued a “market outperform” rating and a $95.00 price target for the company. Eight analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Taylor Morrison Home has an average rating of “Moderate Buy” and a consensus price target of $77.14.

Taylor Morrison Home Trading Up 2.9%

Shares of TMHC opened at $65.39 on Thursday. The company’s fifty day simple moving average is $61.69 and its 200-day simple moving average is $63.21. The company has a market cap of $6.39 billion, a P/E ratio of 7.88 and a beta of 1.59. The company has a current ratio of 7.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.35. Taylor Morrison Home Corporation has a twelve month low of $51.90 and a twelve month high of $72.50.

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.