Algert Global LLC Cuts Stock Position in Taylor Morrison Home Corporation $TMHC

Algert Global LLC lowered its position in Taylor Morrison Home Corporation (NYSE:TMHC) by 27.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 179,146 shares of the construction company’s stock after selling 66,995 shares during the period. Algert Global LLC owned approximately 0.18% of Taylor Morrison Home worth $11,825,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. AlphaQuest LLC increased its stake in Taylor Morrison Home by 97.3% during the 3rd quarter. AlphaQuest LLC now owns 38,734 shares of the construction company’s stock valued at $2,557,000 after purchasing an additional 19,098 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Taylor Morrison Home by 10.0% during the third quarter. Nordea Investment Management AB now owns 193,249 shares of the construction company’s stock worth $12,689,000 after buying an additional 17,595 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Taylor Morrison Home during the third quarter valued at $2,088,000. Pacer Advisors Inc. purchased a new stake in shares of Taylor Morrison Home during the third quarter valued at $1,357,000. Finally, Whittier Trust Co. acquired a new position in shares of Taylor Morrison Home in the 3rd quarter valued at $6,412,000. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Trading Up 0.5%

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Truist Financial assumed coverage on Taylor Morrison Home in a research note on Tuesday, March 3rd. They issued a “buy” rating and a $85.00 target price for the company. Citizens Jmp assumed coverage on Taylor Morrison Home in a report on Wednesday, January 7th. They issued a “market outperform” rating and a $95.00 price objective on the stock. Citigroup began coverage on Taylor Morrison Home in a research note on Wednesday, January 7th. They issued an “outperform” rating for the company. Barclays decreased their target price on Taylor Morrison Home from $71.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, February 12th. Finally, Zacks Research lowered Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.