Fisher Asset Management LLC Sells 434,844 Shares of Taylor Morrison Home Corporation $TMHC

Fisher Asset Management LLC reduced its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 95.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,832 shares of the construction company’s stock after selling 434,844 shares during the quarter. Fisher Asset Management LLC’s holdings in Taylor Morrison Home were worth $1,441,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TMHC. Parkside Financial Bank & Trust increased its stake in Taylor Morrison Home by 13.0% in the second quarter. Parkside Financial Bank & Trust now owns 1,654 shares of the construction company’s stock valued at $102,000 after purchasing an additional 190 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Taylor Morrison Home by 4.5% during the third quarter. PNC Financial Services Group Inc. now owns 4,691 shares of the construction company’s stock worth $310,000 after purchasing an additional 204 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Taylor Morrison Home by 30.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 899 shares of the construction company’s stock worth $55,000 after purchasing an additional 211 shares in the last quarter. Profund Advisors LLC grew its holdings in shares of Taylor Morrison Home by 6.0% in the 3rd quarter. Profund Advisors LLC now owns 3,999 shares of the construction company’s stock valued at $264,000 after buying an additional 227 shares during the period. Finally, US Bancorp DE increased its position in shares of Taylor Morrison Home by 5.9% in the 3rd quarter. US Bancorp DE now owns 4,727 shares of the construction company’s stock valued at $312,000 after buying an additional 262 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TMHC shares. Zacks Research lowered Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Bank of America restated a “neutral” rating on shares of Taylor Morrison Home in a report on Tuesday. Weiss Ratings lowered Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 20th. Citizens Jmp began coverage on Taylor Morrison Home in a research report on Wednesday, January 7th. They issued a “market outperform” rating and a $95.00 price objective for the company. Finally, Citigroup started coverage on Taylor Morrison Home in a research note on Wednesday, January 7th. They set an “outperform” rating for the company. 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 assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $78.29.

Taylor Morrison Home Stock Down 0.5%

NYSE:TMHC opened at $61.31 on Friday. Taylor Morrison Home Corporation has a twelve month low of $51.90 and a twelve month high of $72.50. 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 has a quick ratio of 1.55, a current ratio of 7.31 and a debt-to-equity ratio of 0.36. The stock’s 50 day moving average price is $63.58 and its two-hundred day moving average price is $63.50.

Taylor Morrison Home 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.