Assetmark Inc. Acquires 21,150 Shares of Taylor Morrison Home Corporation $TMHC

Key Points

• Assetmark Inc. increased its stake in Taylor Morrison by 2.7% in Q4, buying 21,150 shares to own 797,997 shares (about 0.82% of the company) valued at roughly $46.98 million.
• Analyst sentiment is mixed but overall positive with a MarketBeat consensus of "Moderate Buy" and a $78 consensus target, based on 1 Strong Buy, 6 Buy, 2 Hold and 1 Sell ratings.
• Taylor Morrison trades near $59.49 with a market cap of $5.73 billion and a P/E of 7.67, and about 95.16% of the stock is owned by institutional investors.

Assetmark Inc. increased its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 797,997 shares of the construction company's stock after purchasing an additional 21,150 shares during the quarter. Assetmark Inc. owned 0.82% of Taylor Morrison Home worth $46,978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AlphaQuest LLC lifted its holdings in Taylor Morrison Home by 97.3% in the third quarter. AlphaQuest LLC now owns 38,734 shares of the construction company's stock valued at $2,557,000 after acquiring an additional 19,098 shares during the period. Penn Capital Management Company LLC bought a new position in Taylor Morrison Home in the third quarter valued at about $13,201,000. Nordea Investment Management AB lifted its holdings in Taylor Morrison Home by 10.0% in the third quarter. Nordea Investment Management AB now owns 193,249 shares of the construction company's stock valued at $12,689,000 after acquiring an additional 17,595 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in Taylor Morrison Home in the third quarter valued at about $2,088,000. Finally, Pacer Advisors Inc. bought a new position in Taylor Morrison Home in the third quarter valued at about $1,357,000. 95.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TMHC has been the topic of a number of recent research reports. Weiss Ratings downgraded Taylor Morrison Home from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, February 20th. Citizens Jmp assumed coverage on Taylor Morrison Home in a research note on Wednesday, January 7th. They issued a "market outperform" rating and a $95.00 price objective on the stock. Zacks Research downgraded Taylor Morrison Home from a "hold" rating to a "strong sell" rating in a research note on Thursday, January 22nd. Seaport Research Partners reaffirmed a "sell" rating and issued a $49.00 price objective (down from $85.00) on shares of Taylor Morrison Home in a research note on Tuesday, April 7th. Finally, Citigroup began coverage on Taylor Morrison Home in a research report on Wednesday, January 7th. They set an "outperform" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $78.00.

Taylor Morrison Home Stock Performance

NYSE TMHC opened at $59.49 on Wednesday. The stock has a market capitalization of $5.73 billion, a PE ratio of 7.67, a P/E/G ratio of 8.28 and a beta of 1.58. The business has a 50 day simple moving average of $62.06 and a two-hundred day simple moving average of $61.68. The company has a debt-to-equity ratio of 0.36, a current ratio of 7.31 and a quick ratio of 1.55. Taylor Morrison Home Corporation has a 1-year low of $54.26 and a 1-year high of $72.50.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.