Dynamic Technology Lab Private Ltd Cuts Stock Position in Taylor Morrison Home Corporation $TMHC

Dynamic Technology Lab Private Ltd lessened its holdings in Taylor Morrison Home Corporation (NYSE:TMHC) by 47.5% in the third quarter, Holdings Channel reports. The firm owned 21,417 shares of the construction company’s stock after selling 19,353 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Taylor Morrison Home were worth $1,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Natixis Advisors LLC raised its stake in shares of Taylor Morrison Home by 477.2% during the 3rd quarter. Natixis Advisors LLC now owns 122,043 shares of the construction company’s stock worth $8,056,000 after purchasing an additional 100,899 shares during the period. Gamco Investors INC. ET AL bought a new position in Taylor Morrison Home during the third quarter valued at about $659,000. Cambria Investment Management L.P. increased its holdings in Taylor Morrison Home by 3.0% during the third quarter. Cambria Investment Management L.P. now owns 156,231 shares of the construction company’s stock worth $9,616,000 after buying an additional 4,507 shares during the last quarter. Pinnacle Holdings LLC purchased a new stake in Taylor Morrison Home during the third quarter worth about $32,000. Finally, Legato Capital Management LLC bought a new stake in Taylor Morrison Home in the third quarter worth about $673,000. 95.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on TMHC shares. Weiss Ratings cut shares of Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 20th. Royal Bank Of Canada raised their price target on shares of Taylor Morrison Home from $62.00 to $68.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Truist Financial started coverage on shares of Taylor Morrison Home in a report on Tuesday. They issued a “buy” rating and a $85.00 price target on the stock. Barclays dropped their price objective on Taylor Morrison Home from $71.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Finally, Zacks Research downgraded Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $78.29.

Taylor Morrison Home Price Performance

NYSE TMHC opened at $61.31 on Friday. 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 company has a market cap of $5.91 billion, a PE ratio of 7.90, a price-to-earnings-growth ratio of 8.41 and a beta of 1.58. Taylor Morrison Home Corporation has a 52 week low of $51.90 and a 52 week high of $72.50. The firm’s 50-day simple moving average is $63.58 and its two-hundred day simple moving average is $63.46.

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.