Vestcor Inc Sells 9,125 Shares of Taylor Morrison Home Corporation $TMHC

Vestcor Inc lessened its stake in Taylor Morrison Home Corporation (NYSE:TMHC) by 35.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 16,517 shares of the construction company’s stock after selling 9,125 shares during the quarter. Vestcor Inc’s holdings in Taylor Morrison Home were worth $1,090,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. ORG Partners LLC acquired a new stake in shares of Taylor Morrison Home in the third quarter valued at approximately $26,000. Root Financial Partners LLC bought a new stake in shares of Taylor Morrison Home during the third quarter worth $27,000. Pinnacle Holdings LLC acquired a new position in shares of Taylor Morrison Home during the third quarter valued at $32,000. AlphaCore Capital LLC bought a new position in Taylor Morrison Home in the second quarter valued at about $37,000. Finally, Huntington National Bank increased its position in Taylor Morrison Home by 2,074.1% in the third quarter. Huntington National Bank now owns 587 shares of the construction company’s stock worth $39,000 after purchasing an additional 560 shares during the period. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TMHC has been the topic of several recent research reports. Citigroup assumed coverage on shares of Taylor Morrison Home in a research note on Wednesday, January 7th. They issued an “outperform” rating on the stock. Truist Financial began coverage on shares of Taylor Morrison Home in a report on Tuesday, March 3rd. They set a “buy” rating and a $85.00 target price for the company. Weiss Ratings downgraded Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 20th. Barclays decreased their price objective 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, Royal Bank Of Canada raised their target price on Taylor Morrison Home from $62.00 to $68.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Taylor Morrison Home has an average rating of “Moderate Buy” and an average price target of $78.29.

Taylor Morrison Home Stock Up 0.0%

TMHC traded up $0.02 during trading on Friday, hitting $58.88. The company had a trading volume of 154,780 shares, compared to its average volume of 1,048,834. The company has a market capitalization of $5.67 billion, a PE ratio of 7.57, a PEG ratio of 8.18 and a beta of 1.58. The company has a quick ratio of 1.55, a current ratio of 7.31 and a debt-to-equity ratio of 0.36. Taylor Morrison Home Corporation has a one year low of $51.90 and a one year high of $72.50. The firm’s 50-day moving average price is $63.65 and its 200 day moving average price is $63.28.

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.