Mitsubishi UFJ Trust & Banking Corp Sells 21,176 Shares of Taylor Morrison Home Corporation $TMHC

Mitsubishi UFJ Trust & Banking Corp trimmed its position in Taylor Morrison Home Corporation (NYSE:TMHC) by 58.7% in the third quarter, HoldingsChannel.com reports. The firm owned 14,872 shares of the construction company’s stock after selling 21,176 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Taylor Morrison Home were worth $982,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Hantz Financial Services Inc. increased its holdings in Taylor Morrison Home by 1.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 12,341 shares of the construction company’s stock valued at $758,000 after buying an additional 165 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of Taylor Morrison Home by 13.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,654 shares of the construction company’s stock valued at $102,000 after acquiring an additional 190 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in Taylor Morrison Home by 2.2% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,400 shares of the construction company’s stock valued at $577,000 after acquiring an additional 200 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Taylor Morrison Home by 30.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 899 shares of the construction company’s stock worth $55,000 after purchasing an additional 211 shares in the last quarter. Finally, Kingsview Wealth Management LLC raised its position in Taylor Morrison Home by 4.1% in the second quarter. Kingsview Wealth Management LLC now owns 6,765 shares of the construction company’s stock worth $416,000 after purchasing an additional 265 shares in 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 topic of several analyst reports. Bank of America reiterated a “neutral” rating and issued a $70.00 price objective (up from $68.00) on shares of Taylor Morrison Home in a research note on Friday, January 16th. Barclays reaffirmed an “overweight” rating and issued a $71.00 price target on shares of Taylor Morrison Home in a research note on Monday, December 8th. Royal Bank Of Canada reiterated an “outperform” rating and set a $62.00 price objective on shares of Taylor Morrison Home in a research note on Friday, January 9th. Citigroup assumed coverage on Taylor Morrison Home in a report on Wednesday, January 7th. They set an “outperform” rating for the company. Finally, Citizens Jmp began coverage on shares of Taylor Morrison Home in a report on Wednesday, January 7th. They issued a “market outperform” rating and a $95.00 target price on the stock. Eight investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $77.14.

Taylor Morrison Home Stock Performance

Shares of NYSE:TMHC opened at $60.93 on Friday. The business has a fifty day moving average of $61.59 and a 200-day moving average of $63.20. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.02 and a current ratio of 7.02. Taylor Morrison Home Corporation has a twelve month low of $51.90 and a twelve month high of $72.50. The firm has a market cap of $5.95 billion, a PE ratio of 7.34 and a beta of 1.59.

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.