Jefferies Financial Group Inc. Invests $1.74 Million in Taylor Morrison Home Corporation $TMHC

Jefferies Financial Group Inc. purchased a new stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 26,320 shares of the construction company’s stock, valued at approximately $1,737,000.

Other hedge funds have also made changes to their positions in the company. ORG Partners LLC bought a new position in Taylor Morrison Home during the 3rd quarter valued at $26,000. Root Financial Partners LLC bought a new stake in shares of Taylor Morrison Home in the 3rd quarter worth approximately $27,000. Atlantic Union Bankshares Corp bought a new position in shares of Taylor Morrison Home in the second quarter valued at $28,000. Pinnacle Holdings LLC acquired a new stake in shares of Taylor Morrison Home during the 3rd quarter valued at $32,000. Finally, Huntington National Bank grew its holdings in shares of Taylor Morrison Home by 2,074.1% in the 3rd quarter. Huntington National Bank now owns 587 shares of the construction company’s stock worth $39,000 after acquiring an additional 560 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Wall Street Analysts Forecast Growth

TMHC has been the subject of several recent analyst reports. Weiss Ratings cut shares of Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 20th. Bank of America reissued a “neutral” rating on shares of Taylor Morrison Home in a research report on Tuesday, March 3rd. Citigroup initiated coverage on shares of Taylor Morrison Home in a research report on Wednesday, January 7th. They issued an “outperform” rating for the company. Truist Financial started coverage on Taylor Morrison Home in a research report on Tuesday, March 3rd. They issued a “buy” rating and a $85.00 target price on the stock. Finally, Citizens Jmp started coverage on 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. One investment 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.29.

Taylor Morrison Home Stock Performance

NYSE TMHC opened at $59.57 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 7.31 and a quick ratio of 1.55. The company’s fifty day moving average is $63.65 and its two-hundred day moving average is $63.31. Taylor Morrison Home Corporation has a 52-week low of $51.90 and a 52-week high of $72.50. The firm has a market capitalization of $5.74 billion, a price-to-earnings ratio of 7.68, a P/E/G ratio of 8.27 and a beta of 1.58.

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.