JPMorgan Chase & Co. Has $51.31 Million Holdings in Taylor Morrison Home Corporation $TMHC

JPMorgan Chase & Co. lifted its position in Taylor Morrison Home Corporation (NYSE:TMHC) by 39.1% in the third quarter, HoldingsChannel.com reports. The firm owned 777,353 shares of the construction company’s stock after acquiring an additional 218,514 shares during the period. JPMorgan Chase & Co.’s holdings in Taylor Morrison Home were worth $51,313,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of TMHC. Penn Capital Management Company LLC acquired a new position in shares of Taylor Morrison Home in the 3rd quarter valued at $13,201,000. CIBC Bancorp USA Inc. bought a new stake in Taylor Morrison Home in the third quarter valued at about $684,000. Coldstream Capital Management Inc. raised its position in Taylor Morrison Home by 37.8% in the third quarter. Coldstream Capital Management Inc. now owns 8,470 shares of the construction company’s stock worth $559,000 after purchasing an additional 2,325 shares in the last quarter. Danske Bank A S bought a new position in Taylor Morrison Home during the third quarter worth about $79,000. Finally, Fulcrum Asset Management LLP bought a new position in Taylor Morrison Home during the third quarter worth about $66,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Stock Down 2.0%

Shares of NYSE:TMHC opened at $57.32 on Friday. The company has a quick ratio of 1.55, a current ratio of 7.31 and a debt-to-equity ratio of 0.36. The firm has a market cap of $5.52 billion, a P/E ratio of 7.39, a P/E/G ratio of 8.03 and a beta of 1.58. Taylor Morrison Home Corporation has a 12 month low of $51.90 and a 12 month high of $72.50. The company’s 50-day moving average price is $63.49 and its two-hundred day moving average price is $62.93.

Wall Street Analyst Weigh In

Several analysts recently commented on TMHC shares. Weiss Ratings lowered Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 20th. Zacks Research lowered shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Citigroup assumed coverage on shares of Taylor Morrison Home in a report on Wednesday, January 7th. They set an “outperform” rating for the company. Truist Financial started coverage on shares of Taylor Morrison Home in a research note on Tuesday, March 3rd. They set a “buy” rating and a $85.00 price objective on the stock. Finally, Citizens Jmp began coverage on shares of Taylor Morrison Home in a research note on Wednesday, January 7th. They issued a “market outperform” rating and a $95.00 target price for the company. One 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 given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $78.29.

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.