Rafferty Asset Management LLC Increases Position in Taylor Morrison Home Corporation $TMHC

Rafferty Asset Management LLC boosted its position in Taylor Morrison Home Corporation (NYSE:TMHC) by 81.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 150,890 shares of the construction company’s stock after acquiring an additional 67,684 shares during the quarter. Rafferty Asset Management LLC owned 0.15% of Taylor Morrison Home worth $9,960,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. ORG Partners LLC bought a new position in shares of Taylor Morrison Home during the 3rd quarter valued at about $26,000. Root Financial Partners LLC bought a new stake in Taylor Morrison Home in the 3rd quarter worth approximately $27,000. Atlantic Union Bankshares Corp purchased a new stake in Taylor Morrison Home in the second quarter worth approximately $28,000. Huntington National Bank boosted its stake in Taylor Morrison Home by 2,074.1% in the third quarter. Huntington National Bank now owns 587 shares of the construction company’s stock worth $39,000 after buying an additional 560 shares in the last quarter. Finally, AlphaCore Capital LLC bought a new position in Taylor Morrison Home during the second quarter valued at approximately $37,000. Institutional investors own 95.16% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TMHC shares. Royal Bank Of Canada boosted their price objective on shares of Taylor Morrison Home from $62.00 to $68.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Citizens Jmp assumed coverage on shares of Taylor Morrison Home in a research note on Wednesday, January 7th. They issued a “market outperform” rating and a $95.00 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 report on Friday, February 20th. Barclays reduced their price objective on Taylor Morrison Home from $71.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Finally, 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. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Taylor Morrison Home presently has an average rating of “Moderate Buy” and a consensus price target of $77.17.

Taylor Morrison Home Price Performance

TMHC stock opened at $65.95 on Monday. The firm’s 50-day moving average price is $63.20 and its two-hundred day moving average price is $63.61. Taylor Morrison Home Corporation has a 12-month low of $51.90 and a 12-month high of $72.50. The stock has a market capitalization of $6.35 billion, a price-to-earnings ratio of 8.50, a PEG ratio of 9.20 and a beta of 1.57. The company has a current ratio of 7.31, a quick ratio of 1.55 and a debt-to-equity ratio of 0.36.

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.