Cannell & Spears LLC Acquires New Holdings in Taylor Morrison Home Corporation $TMHC

Key Points

• Cannell & Spears LLC acquired a new position in Taylor Morrison Home Corporation of 158,045 shares in Q3, valued at about $10.43 million and representing 0.16% ownership.
• Analysts' consensus is an average rating of "Moderate Buy" with an average price target of $78.29, though individual ratings range from Strong Buy to Sell.
• Taylor Morrison has a market cap of about $5.7 billion, a PE of 7.62, and a 12‑month trading range of $51.90–$72.50, suggesting relatively low valuation metrics.

Cannell & Spears LLC acquired a new position in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 158,045 shares of the construction company's stock, valued at approximately $10,433,000. Cannell & Spears LLC owned 0.16% of Taylor Morrison Home as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. ORG Partners LLC acquired a new position in Taylor Morrison Home during the 3rd quarter valued at about $26,000. Root Financial Partners LLC acquired a new stake in shares of Taylor Morrison Home in the 3rd quarter worth approximately $27,000. Pinnacle Holdings LLC bought a new position in shares of Taylor Morrison Home in the third quarter valued at approximately $32,000. AlphaCore Capital LLC bought a new position in shares of Taylor Morrison Home in the second quarter valued at approximately $37,000. Finally, Huntington National Bank increased its stake in shares of Taylor Morrison Home by 2,074.1% during the third quarter. Huntington National Bank now owns 587 shares of the construction company's stock valued at $39,000 after acquiring an additional 560 shares during the period. Institutional investors own 95.16% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Bank of America reissued a "neutral" rating on shares of Taylor Morrison Home in a report on Tuesday, March 3rd. Citizens Jmp started coverage on Taylor Morrison Home in a research note on Wednesday, January 7th. They set a "market outperform" rating and a $95.00 price target for the company. Weiss Ratings cut Taylor Morrison Home from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, February 20th. Citigroup assumed coverage on Taylor Morrison Home in a report on Wednesday, January 7th. They issued an "outperform" rating for the company. Finally, Truist Financial started coverage on Taylor Morrison Home in a research note on Tuesday, March 3rd. They set a "buy" rating and a $85.00 target price for the company. One equities research 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's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $78.29.

Taylor Morrison Home Stock Up 0.5%

TMHC stock opened at $59.15 on Friday. The firm has a market cap of $5.70 billion, a PE ratio of 7.62, a P/E/G ratio of 8.13 and a beta of 1.58. Taylor Morrison Home Corporation has a 12 month low of $51.90 and a 12 month high of $72.50. 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 firm has a 50 day simple moving average of $63.66 and a 200 day simple moving average of $63.19.

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.

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