Whittier Trust Co. of Nevada Inc. Takes $3.66 Million Position in Taylor Morrison Home Corporation $TMHC

Whittier Trust Co. of Nevada Inc. bought a new position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 53,907 shares of the construction company’s stock, valued at approximately $3,662,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TMHC. Long Pond Capital LP increased its stake in Taylor Morrison Home by 132.4% during the 2nd quarter. Long Pond Capital LP now owns 1,561,586 shares of the construction company’s stock worth $95,913,000 after buying an additional 889,616 shares in the last quarter. Norges Bank purchased a new stake in shares of Taylor Morrison Home during the second quarter worth approximately $93,627,000. Charles Schwab Investment Management Inc. raised its stake in Taylor Morrison Home by 1.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,374,540 shares of the construction company’s stock valued at $84,424,000 after purchasing an additional 20,902 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Taylor Morrison Home by 118.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,273,418 shares of the construction company’s stock valued at $77,933,000 after purchasing an additional 689,286 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Taylor Morrison Home by 21.9% during the 2nd quarter. American Century Companies Inc. now owns 1,069,859 shares of the construction company’s stock worth $65,711,000 after purchasing an additional 192,554 shares during the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on TMHC. Royal Bank Of Canada reiterated an “outperform” rating and issued a $62.00 target price on shares of Taylor Morrison Home in a research report on Friday, January 9th. Citizens Jmp initiated coverage on shares of Taylor Morrison Home in a report on Wednesday, January 7th. They issued a “market outperform” rating and a $95.00 price objective for the company. Bank of America reissued a “neutral” rating and issued a $70.00 target price (up from $68.00) on shares of Taylor Morrison Home in a research note on Friday, January 16th. Zacks Research lowered Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research report on Thursday. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Taylor Morrison Home in a research report on Monday, December 29th. Eight investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Taylor Morrison Home currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.14.

Taylor Morrison Home Stock Performance

NYSE:TMHC opened at $62.21 on Monday. The company’s 50-day moving average is $61.31 and its two-hundred day moving average is $63.29. Taylor Morrison Home Corporation has a 1-year low of $51.90 and a 1-year high of $72.50. 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 firm has a market capitalization of $6.08 billion, a price-to-earnings ratio of 7.50 and a beta of 1.59.

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.