Taylor Morrison Home Corporation $TMHC Shares Sold by Barclays PLC

Barclays PLC trimmed its holdings in Taylor Morrison Home Corporation (NYSE:TMHC) by 2.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 718,533 shares of the construction company’s stock after selling 16,855 shares during the quarter. Barclays PLC owned about 0.74% of Taylor Morrison Home worth $47,430,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Taylor Morrison Home in the second quarter valued at approximately $93,627,000. Long Pond Capital LP boosted its stake in Taylor Morrison Home by 132.4% during the second quarter. Long Pond Capital LP now owns 1,561,586 shares of the construction company’s stock worth $95,913,000 after buying an additional 889,616 shares during the last quarter. AQR Capital Management LLC boosted its stake in Taylor Morrison Home by 118.0% during the second quarter. AQR Capital Management LLC now owns 1,273,418 shares of the construction company’s stock worth $77,933,000 after buying an additional 689,286 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in Taylor Morrison Home in the 3rd quarter valued at $38,189,000. Finally, Victory Capital Management Inc. grew its holdings in Taylor Morrison Home by 47.4% in the 3rd quarter. Victory Capital Management Inc. now owns 1,208,689 shares of the construction company’s stock valued at $79,786,000 after buying an additional 388,959 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TMHC shares. Truist Financial started coverage on Taylor Morrison Home in a report on Tuesday, March 3rd. They set a “buy” rating and a $85.00 price target on the stock. Royal Bank Of Canada upped their price objective on shares of Taylor Morrison Home from $62.00 to $68.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Barclays cut their price objective on shares of Taylor Morrison Home from $71.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Weiss Ratings downgraded shares of Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 20th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $78.29.

Taylor Morrison Home Price Performance

NYSE:TMHC opened at $61.12 on Tuesday. Taylor Morrison Home Corporation has a 52 week low of $51.90 and a 52 week high of $72.50. The stock’s fifty day moving average is $63.62 and its two-hundred day moving average is $63.41. The company has a market capitalization of $5.89 billion, a P/E ratio of 7.88, a P/E/G ratio of 8.41 and a beta of 1.57. The company has a quick ratio of 1.55, a current ratio of 7.31 and a debt-to-equity ratio of 0.36.

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.