Neo Ivy Capital Management Sells 38,878 Shares of Taylor Morrison Home Corporation $TMHC

Neo Ivy Capital Management lowered its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 95.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,994 shares of the construction company’s stock after selling 38,878 shares during the period. Neo Ivy Capital Management’s holdings in Taylor Morrison Home were worth $132,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Parkside Financial Bank & Trust increased its position in Taylor Morrison Home by 13.0% in the second quarter. Parkside Financial Bank & Trust now owns 1,654 shares of the construction company’s stock worth $102,000 after buying an additional 190 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Taylor Morrison Home by 4.5% in the third quarter. PNC Financial Services Group Inc. now owns 4,691 shares of the construction company’s stock valued at $310,000 after buying an additional 204 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Taylor Morrison Home by 30.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 899 shares of the construction company’s stock valued at $55,000 after buying an additional 211 shares during the last quarter. Profund Advisors LLC grew its stake in shares of Taylor Morrison Home by 6.0% during the 3rd quarter. Profund Advisors LLC now owns 3,999 shares of the construction company’s stock worth $264,000 after acquiring an additional 227 shares during the period. Finally, US Bancorp DE increased its holdings in Taylor Morrison Home by 5.9% in the 3rd quarter. US Bancorp DE now owns 4,727 shares of the construction company’s stock worth $312,000 after acquiring an additional 262 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on TMHC. Truist Financial started coverage on shares of Taylor Morrison Home in a report on Tuesday, March 3rd. They set a “buy” rating and a $85.00 price objective on the stock. Barclays lowered their price target on shares of Taylor Morrison Home from $71.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. Weiss Ratings cut shares of Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 20th. 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 shares of Taylor Morrison Home in a research note on Wednesday, January 7th. They issued a “market outperform” rating and a $95.00 price objective for the company. One equities research 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 given a Sell rating to the company. According to data from MarketBeat.com, Taylor Morrison Home has a consensus rating of “Moderate Buy” and an average target price of $78.29.

Taylor Morrison Home Stock Down 0.5%

TMHC stock opened at $61.31 on Monday. 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 capitalization of $5.91 billion, a PE ratio of 7.90, a PEG ratio of 8.41 and a beta of 1.57. Taylor Morrison Home Corporation has a twelve month low of $51.90 and a twelve month high of $72.50. The stock has a 50-day simple moving average of $63.58 and a two-hundred day simple moving average of $63.44.

About Taylor Morrison Home

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.