Assetmark Inc. Sells 50,243 Shares of Taylor Morrison Home Corporation $TMHC

Assetmark Inc. lowered its stake in Taylor Morrison Home Corporation (NYSE:TMHC) by 6.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 776,847 shares of the construction company’s stock after selling 50,243 shares during the quarter. Assetmark Inc. owned about 0.79% of Taylor Morrison Home worth $51,280,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of the business. AlphaQuest LLC grew its stake in shares of Taylor Morrison Home by 97.3% during the third quarter. AlphaQuest LLC now owns 38,734 shares of the construction company’s stock valued at $2,557,000 after buying an additional 19,098 shares during the last quarter. Arkadios Wealth Advisors bought a new position in Taylor Morrison Home in the 2nd quarter valued at $359,000. Nordea Investment Management AB increased its stake in Taylor Morrison Home by 10.0% in the third quarter. Nordea Investment Management AB now owns 193,249 shares of the construction company’s stock worth $12,689,000 after purchasing an additional 17,595 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in Taylor Morrison Home in the third quarter worth $2,088,000. Finally, Pacer Advisors Inc. bought a new stake in shares of Taylor Morrison Home during the third quarter worth $1,357,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TMHC. Citizens Jmp started coverage on Taylor Morrison Home in a research note on Wednesday, January 7th. They set a “market outperform” rating and a $95.00 price target on the stock. Bank of America restated a “neutral” rating and set a $70.00 price target (up previously from $68.00) on shares of Taylor Morrison Home in a research note on Friday, January 16th. Wedbush reiterated an “outperform” rating and set a $85.00 price target on shares of Taylor Morrison Home in a research note on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Taylor Morrison Home in a research note on Monday, December 29th. Finally, Citigroup assumed coverage on shares of Taylor Morrison Home in a research report on Wednesday, January 7th. They set an “outperform” rating on the stock. Eight equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Taylor Morrison Home presently has an average rating of “Moderate Buy” and an average target price of $77.86.

Taylor Morrison Home Trading Up 5.4%

TMHC opened at $69.03 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 7.31 and a quick ratio of 1.02. Taylor Morrison Home Corporation has a 12 month low of $51.90 and a 12 month high of $72.50. The stock has a market capitalization of $6.75 billion, a price-to-earnings ratio of 8.90 and a beta of 1.59. The business has a fifty day moving average price of $62.09 and a 200 day moving average price of $63.37.

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.