Whittier Trust Co. of Nevada Inc. Takes Position in Taylor Morrison Home Corporation $TMHC

Whittier Trust Co. of Nevada 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 13F filing with the SEC. The institutional investor purchased 53,907 shares of the construction company’s stock, valued at approximately $3,662,000. Whittier Trust Co. of Nevada Inc. owned approximately 0.05% of Taylor Morrison Home at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TMHC. ORG Partners LLC purchased a new stake in shares of Taylor Morrison Home during the third quarter valued at $26,000. Root Financial Partners LLC purchased a new position in Taylor Morrison Home in the 3rd quarter worth $27,000. Atlantic Union Bankshares Corp acquired a new stake in Taylor Morrison Home during the 2nd quarter worth about $28,000. AlphaCore Capital LLC purchased a new stake in Taylor Morrison Home during the 2nd quarter valued at about $37,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Taylor Morrison Home during the 3rd quarter valued at about $49,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Down 1.7%

Taylor Morrison Home stock opened at $62.21 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.02 and a quick ratio of 1.02. The stock has a market capitalization of $6.08 billion, a PE ratio of 7.50 and a beta of 1.59. The business has a 50 day simple moving average of $61.31 and a 200-day simple moving average of $63.29. Taylor Morrison Home Corporation has a 12 month low of $51.90 and a 12 month high of $72.50.

Analyst Upgrades and Downgrades

TMHC has been the subject of several research analyst reports. Barclays restated an “overweight” rating and issued a $71.00 price objective on shares of Taylor Morrison Home in a research note on Monday, December 8th. Citizens Jmp assumed coverage on shares of Taylor Morrison Home in a research note on Wednesday, January 7th. They set a “market outperform” rating and a $95.00 price objective for the company. Wedbush reaffirmed an “outperform” rating and issued a $85.00 price objective on shares of Taylor Morrison Home in a report on Thursday, October 23rd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $62.00 price objective on shares of Taylor Morrison Home in a research note on Friday, January 9th. Finally, Bank of America restated a “neutral” rating and set a $70.00 target price (up from $68.00) on shares of Taylor Morrison Home in a research report on Friday, January 16th. Eight analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Taylor Morrison Home currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.14.

About Taylor Morrison Home

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.