Jefferies Financial Group Inc. Takes $1.74 Million Position in Taylor Morrison Home Corporation $TMHC

Jefferies Financial Group Inc. bought a new stake in Taylor Morrison Home Corporation (NYSE:TMHC) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 26,320 shares of the construction company’s stock, valued at approximately $1,737,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. ORG Partners LLC acquired a new stake in shares of Taylor Morrison Home in the 3rd quarter valued at $26,000. Root Financial Partners LLC bought a new stake in Taylor Morrison Home in the third quarter valued at approximately $27,000. Atlantic Union Bankshares Corp bought a new stake in shares of Taylor Morrison Home in the 2nd quarter valued at $28,000. Pinnacle Holdings LLC acquired a new stake in shares of Taylor Morrison Home during the third quarter worth about $32,000. Finally, AlphaCore Capital LLC acquired a new stake in Taylor Morrison Home during the 2nd quarter worth approximately $37,000. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Down 1.1%

Shares of NYSE:TMHC opened at $59.57 on Thursday. Taylor Morrison Home Corporation has a 12-month low of $51.90 and a 12-month high of $72.50. The company has a quick ratio of 1.55, a current ratio of 7.31 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average is $63.65 and its 200 day moving average is $63.31. The stock has a market cap of $5.74 billion, a price-to-earnings ratio of 7.68, a PEG ratio of 8.27 and a beta of 1.58.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TMHC shares. Weiss Ratings downgraded 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 for the company in a report on Thursday, February 12th. Bank of America reissued a “neutral” rating on shares of Taylor Morrison Home in a report on Tuesday, March 3rd. Citizens Jmp assumed coverage on shares of Taylor Morrison Home in a research report on Wednesday, January 7th. They set a “market outperform” rating and a $95.00 target price on the stock. Finally, Truist Financial initiated coverage on shares of Taylor Morrison Home in a research report on Tuesday, March 3rd. They issued a “buy” rating and a $85.00 price target for the company. 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 assigned a Sell rating to the company’s stock. According to MarketBeat, Taylor Morrison Home presently has an average rating of “Moderate Buy” and a consensus target price of $78.29.

Taylor Morrison Home Company 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.