Taylor Morrison Home Corporation $TMHC Holdings Lowered by Junto Capital Management LP

Junto Capital Management LP cut its stake in Taylor Morrison Home Corporation (NYSE:TMHC) by 39.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 314,449 shares of the construction company’s stock after selling 206,572 shares during the period. Junto Capital Management LP owned approximately 0.32% of Taylor Morrison Home worth $20,757,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TMHC. ORG Partners LLC bought a new position in Taylor Morrison Home during the 3rd quarter valued at $26,000. Root Financial Partners LLC acquired a new stake in shares of Taylor Morrison Home in the third quarter valued at $27,000. Pinnacle Holdings LLC bought a new position in Taylor Morrison Home during the third quarter valued at about $32,000. AlphaCore Capital LLC acquired a new position in Taylor Morrison Home during the second quarter worth about $37,000. Finally, Huntington National Bank raised 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 acquiring an additional 560 shares in the last quarter. Institutional investors own 95.16% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on TMHC. Truist Financial started coverage on shares of Taylor Morrison Home in a research report on Tuesday, March 3rd. They set a “buy” rating and a $85.00 price objective for the company. Weiss Ratings cut shares of Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 20th. Bank of America reaffirmed a “neutral” rating on shares of Taylor Morrison Home in a report on Tuesday, March 3rd. 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 target price on Taylor Morrison Home from $62.00 to $68.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Taylor Morrison Home currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.29.

Taylor Morrison Home Stock Up 0.5%

Shares of Taylor Morrison Home stock opened at $59.15 on Monday. Taylor Morrison Home Corporation has a 1 year low of $51.90 and a 1 year high of $72.50. The company has a market cap of $5.70 billion, a P/E ratio of 7.62, a P/E/G ratio of 8.13 and a beta of 1.57. The company has a current ratio of 7.31, a quick ratio of 1.55 and a debt-to-equity ratio of 0.36. The stock has a 50-day moving average price of $63.66 and a 200 day moving average price of $63.16.

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.