SG Americas Securities LLC Raises Stake in Taylor Morrison Home Corporation $TMHC

SG Americas Securities LLC lifted its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 521.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,590 shares of the construction company’s stock after buying an additional 18,116 shares during the quarter. SG Americas Securities LLC’s holdings in Taylor Morrison Home were worth $1,271,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TMHC. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Taylor Morrison Home by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 299,888 shares of the construction company’s stock worth $18,005,000 after buying an additional 16,379 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings 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 buying an additional 211 shares in the last quarter. M&T Bank Corp purchased a new stake in shares of Taylor Morrison Home during the second quarter worth about $262,000. EverSource Wealth Advisors LLC grew its holdings in shares of Taylor Morrison Home by 406.8% during the second quarter. EverSource Wealth Advisors LLC now owns 897 shares of the construction company’s stock worth $55,000 after buying an additional 720 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of Taylor Morrison Home by 12.0% during the second quarter. Marshall Wace LLP now owns 8,029 shares of the construction company’s stock worth $493,000 after buying an additional 859 shares in the last quarter. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on TMHC shares. Citizens Jmp started coverage on shares of Taylor Morrison Home in a report on Wednesday, January 7th. They set a “market outperform” rating and a $95.00 price target for the company. Zacks Research downgraded shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Truist Financial assumed coverage on shares of Taylor Morrison Home in a report on Tuesday, March 3rd. They set a “buy” rating and a $85.00 price target for the company. Citigroup assumed coverage on shares of Taylor Morrison Home in a report on Wednesday, January 7th. They issued an “outperform” rating for the company. Finally, Bank of America restated a “neutral” rating on shares of Taylor Morrison Home in a report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $78.29.

Taylor Morrison Home Price Performance

Taylor Morrison Home stock opened at $55.90 on Wednesday. Taylor Morrison Home Corporation has a 1 year low of $51.90 and a 1 year high of $72.50. The firm has a 50 day moving average price of $62.26 and a 200 day moving average price of $61.90. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 7.20, a PEG ratio of 7.97 and a beta of 1.58. 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 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.