16,388 Shares in Taylor Morrison Home Corporation $TMHC Acquired by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co bought a new stake in Taylor Morrison Home Corporation (NYSE:TMHC) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 16,388 shares of the construction company’s stock, valued at approximately $1,082,000.

Other institutional investors also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Taylor Morrison Home by 5.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 299,888 shares of the construction company’s stock valued at $18,005,000 after buying an additional 16,379 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Taylor Morrison Home by 11.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 103,355 shares of the construction company’s stock worth $6,348,000 after acquiring an additional 10,858 shares during the period. Arkadios Wealth Advisors bought a new position in shares of Taylor Morrison Home in the second quarter valued at approximately $359,000. Atria Investments Inc raised its holdings in Taylor Morrison Home by 18.9% during the second quarter. Atria Investments Inc now owns 8,232 shares of the construction company’s stock worth $506,000 after purchasing an additional 1,309 shares in the last quarter. Finally, Atlantic Union Bankshares Corp bought a new stake in Taylor Morrison Home during the second quarter worth approximately $28,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Trading Down 3.0%

Shares of NYSE TMHC opened at $61.64 on Friday. The company has a current ratio of 7.31, a quick ratio of 1.55 and a debt-to-equity ratio of 0.36. Taylor Morrison Home Corporation has a one year low of $51.90 and a one year high of $72.50. The business has a 50-day moving average price of $63.54 and a two-hundred day moving average price of $63.54. The firm has a market capitalization of $5.94 billion, a PE ratio of 7.94, a PEG ratio of 8.90 and a beta of 1.58.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TMHC. Citizens Jmp started coverage on Taylor Morrison Home in a report on Wednesday, January 7th. They issued a “market outperform” rating and a $95.00 price objective for the company. Weiss Ratings lowered shares of Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 20th. Zacks Research cut shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. Royal Bank Of Canada increased their target price on shares of Taylor Morrison Home from $62.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Finally, Bank of America reaffirmed a “neutral” rating on shares of Taylor Morrison Home in a report on Tuesday. 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’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $78.29.

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.