Greenhaven Associates Inc. Purchases New Holdings in Taylor Morrison Home Corporation $TMHC

Greenhaven Associates Inc. purchased a new stake in Taylor Morrison Home Corporation (NYSE:TMHC) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 47,500 shares of the construction company’s stock, valued at approximately $2,796,000. Taylor Morrison Home makes up approximately 0.0% of Greenhaven Associates Inc.’s investment portfolio, making the stock its 21st biggest holding.

Other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP raised its stake in shares of Taylor Morrison Home by 14.9% during the 3rd quarter. Allworth Financial LP now owns 1,546 shares of the construction company’s stock worth $102,000 after purchasing an additional 200 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Taylor Morrison Home by 4.5% in the third quarter. PNC Financial Services Group Inc. now owns 4,691 shares of the construction company’s stock valued at $310,000 after buying an additional 204 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Taylor Morrison Home by 30.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 899 shares of the construction company’s stock worth $55,000 after buying an additional 211 shares during the last quarter. Profund Advisors LLC increased its holdings in Taylor Morrison Home by 6.0% during the third quarter. Profund Advisors LLC now owns 3,999 shares of the construction company’s stock worth $264,000 after buying an additional 227 shares during the last quarter. Finally, US Bancorp DE raised its position in Taylor Morrison Home by 5.9% during the third quarter. US Bancorp DE now owns 4,727 shares of the construction company’s stock worth $312,000 after acquiring an additional 262 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Trading Down 2.0%

Shares of Taylor Morrison Home stock opened at $57.32 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 7.31 and a quick ratio of 1.55. The business has a fifty day simple moving average of $63.49 and a two-hundred day simple moving average of $62.93. Taylor Morrison Home Corporation has a 1 year low of $51.90 and a 1 year high of $72.50. The company has a market capitalization of $5.52 billion, a price-to-earnings ratio of 7.39, a P/E/G ratio of 8.03 and a beta of 1.58.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TMHC. Truist Financial assumed coverage on shares of Taylor Morrison Home in a research note on Tuesday, March 3rd. They issued a “buy” rating and a $85.00 price target for the company. Weiss Ratings lowered shares of Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 20th. Bank of America reaffirmed a “neutral” rating on shares of Taylor Morrison Home in a report on Tuesday, March 3rd. Barclays cut their target price on shares of Taylor Morrison Home from $71.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. Finally, Royal Bank Of Canada lifted their price target on Taylor Morrison Home from $62.00 to $68.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Taylor Morrison Home currently has an average rating of “Moderate Buy” and a consensus target price of $78.29.

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.