William Blair Investment Management LLC Cuts Position in Taylor Morrison Home Corporation $TMHC

William Blair Investment Management LLC cut its holdings in Taylor Morrison Home Corporation (NYSE:TMHC) by 5.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 650,223 shares of the construction company’s stock after selling 39,292 shares during the period. William Blair Investment Management LLC’s holdings in Taylor Morrison Home were worth $42,921,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. ORG Partners LLC purchased a new stake in shares of Taylor Morrison Home during the 3rd quarter valued at $26,000. Root Financial Partners LLC purchased a new stake in Taylor Morrison Home during the third quarter worth about $27,000. Atlantic Union Bankshares Corp bought a new stake in Taylor Morrison Home in the second quarter worth about $28,000. AlphaCore Capital LLC purchased a new position in Taylor Morrison Home in the second quarter valued at about $37,000. Finally, Huntington National Bank grew its position in shares of Taylor Morrison Home by 2,074.1% during the 3rd quarter. Huntington National Bank now owns 587 shares of the construction company’s stock valued at $39,000 after acquiring an additional 560 shares during the period. 95.16% of the stock is currently owned by institutional investors.

Taylor Morrison Home Stock Performance

Taylor Morrison Home stock opened at $65.95 on Monday. Taylor Morrison Home Corporation has a 1-year low of $51.90 and a 1-year high of $72.50. The company has a current ratio of 7.31, a quick ratio of 1.55 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $6.45 billion, a PE ratio of 8.50, a price-to-earnings-growth ratio of 9.20 and a beta of 1.59. The firm’s 50 day simple moving average is $63.20 and its 200 day simple moving average is $63.61.

Analyst Ratings Changes

Several equities analysts recently commented on TMHC shares. Zacks Research downgraded Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. Barclays dropped their price target on Taylor Morrison Home from $71.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. Weiss Ratings cut Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 20th. Bank of America reiterated 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. Finally, Royal Bank Of Canada boosted their price target on shares of Taylor Morrison Home from $62.00 to $68.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $77.17.

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.