Taylor Morrison Home Corporation $TMHC Shares Sold by EMG Holdings L.P.

EMG Holdings L.P. cut its position in Taylor Morrison Home Corporation (NYSE:TMHC) by 15.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 80,000 shares of the construction company’s stock after selling 15,000 shares during the period. Taylor Morrison Home makes up 2.0% of EMG Holdings L.P.’s holdings, making the stock its 8th largest position. EMG Holdings L.P. owned approximately 0.08% of Taylor Morrison Home worth $5,281,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. ORG Partners LLC purchased a new stake in Taylor Morrison Home in the third quarter valued at approximately $26,000. Root Financial Partners LLC purchased a new position in Taylor Morrison Home during the 3rd quarter worth approximately $27,000. Pinnacle Holdings LLC acquired a new stake in Taylor Morrison Home during the 3rd quarter valued at approximately $32,000. AlphaCore Capital LLC purchased a new stake in shares of Taylor Morrison Home in the 2nd quarter valued at $37,000. Finally, Huntington National Bank boosted its holdings in shares of Taylor Morrison Home by 2,074.1% in the 3rd quarter. Huntington National Bank now owns 587 shares of the construction company’s stock valued at $39,000 after acquiring an additional 560 shares during the last quarter. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on TMHC. Bank of America reissued a “neutral” rating on shares of Taylor Morrison Home in a report on Tuesday, March 3rd. Citigroup assumed coverage on shares of Taylor Morrison Home in a 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. Barclays reduced 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 boosted their price target on Taylor Morrison Home from $62.00 to $68.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $78.29.

Taylor Morrison Home Trading Up 0.5%

Shares of Taylor Morrison Home stock opened at $59.15 on Friday. The firm has a 50-day simple moving average of $63.66 and a two-hundred day simple moving average of $63.19. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.55 and a current ratio of 7.31. Taylor Morrison Home Corporation has a fifty-two week low of $51.90 and a fifty-two week high of $72.50. The company has a market cap of $5.70 billion, a P/E ratio of 7.62, a price-to-earnings-growth ratio of 8.13 and a beta of 1.58.

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.