Taylor Morrison Home Corporation $TMHC Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC reduced its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 28.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,201 shares of the construction company’s stock after selling 29,130 shares during the quarter. Cresset Asset Management LLC owned 0.07% of Taylor Morrison Home worth $4,832,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. ORG Partners LLC purchased a new position in shares of Taylor Morrison Home in the 3rd quarter valued at about $26,000. Root Financial Partners LLC purchased a new position in Taylor Morrison Home during the third quarter worth approximately $27,000. Atlantic Union Bankshares Corp acquired a new stake in Taylor Morrison Home in the second quarter valued at approximately $28,000. AlphaCore Capital LLC acquired a new stake in Taylor Morrison Home in the second quarter valued at approximately $37,000. Finally, Huntington National Bank increased its position in shares of Taylor Morrison Home by 2,074.1% in the third quarter. Huntington National Bank now owns 587 shares of the construction company’s stock valued at $39,000 after buying an additional 560 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Royal Bank Of Canada increased their target price on Taylor Morrison Home from $62.00 to $68.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Weiss Ratings lowered shares of Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 20th. Barclays decreased their price objective on shares of Taylor Morrison Home from $71.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, February 12th. Zacks Research lowered shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. Finally, Bank of America reissued a “neutral” rating on shares of Taylor Morrison Home in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $78.29.

Taylor Morrison Home Trading Down 0.5%

TMHC opened at $61.31 on Friday. The firm has a market capitalization of $5.91 billion, a price-to-earnings ratio of 7.90, a price-to-earnings-growth ratio of 8.46 and a beta of 1.58. The company’s 50 day simple moving average is $63.58 and its two-hundred day simple moving average is $63.50. Taylor Morrison Home Corporation has a 1-year low of $51.90 and a 1-year high of $72.50. The company has a debt-to-equity ratio of 0.36, a current ratio of 7.31 and a quick ratio of 1.55.

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.