Greenhaven Associates Inc. Takes Position in Taylor Morrison Home Corporation $TMHC

Greenhaven Associates Inc. acquired a new stake in Taylor Morrison Home Corporation (NYSE:TMHC) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 47,500 shares of the construction company’s stock, valued at approximately $2,796,000. Taylor Morrison Home accounts for about 0.0% of Greenhaven Associates Inc.’s investment portfolio, making the stock its 21st biggest holding.

Other large investors have also bought and sold shares of the company. AQR Capital Management LLC lifted its stake in Taylor Morrison Home by 73.8% in the third quarter. AQR Capital Management LLC now owns 2,213,556 shares of the construction company’s stock valued at $146,117,000 after buying an additional 940,138 shares in the last quarter. Long Pond Capital LP boosted its holdings in shares of Taylor Morrison Home by 132.4% in the second quarter. Long Pond Capital LP now owns 1,561,586 shares of the construction company’s stock valued at $95,913,000 after buying an additional 889,616 shares during the period. Norges Bank bought a new stake in shares of Taylor Morrison Home during the second quarter worth $93,627,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Taylor Morrison Home by 1.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,374,540 shares of the construction company’s stock worth $84,424,000 after acquiring an additional 20,902 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in shares of Taylor Morrison Home by 360.1% during the third quarter. Alliancebernstein L.P. now owns 1,284,221 shares of the construction company’s stock worth $84,771,000 after acquiring an additional 1,005,116 shares during the period. 95.16% of the stock is owned by institutional investors.

Taylor Morrison Home Stock Performance

Shares of TMHC stock opened at $57.32 on Friday. The firm has a market cap of $5.52 billion, a PE ratio of 7.39, a P/E/G ratio of 8.03 and a beta of 1.58. Taylor Morrison Home Corporation has a 12 month low of $51.90 and a 12 month high of $72.50. The company’s fifty day simple moving average is $63.49 and its 200-day simple moving average is $62.93. The company has a quick ratio of 1.55, a current ratio of 7.31 and a debt-to-equity ratio of 0.36.

Analyst Ratings Changes

TMHC has been the topic of several research reports. Zacks Research cut shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. Citizens Jmp assumed coverage on Taylor Morrison Home in a research note on Wednesday, January 7th. They issued a “market outperform” rating and a $95.00 price target on the stock. Weiss Ratings lowered Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 20th. Bank of America reaffirmed a “neutral” rating on shares of Taylor Morrison Home in a research report on Tuesday, March 3rd. Finally, 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 objective for the company. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $78.29.

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.