Taylor Morrison Home Corporation $TMHC Shares Bought by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management S.A. lifted its stake in Taylor Morrison (NYSE:TMHC) by 96.0% in Q4, buying an additional 638,321 shares to hold 1,302,940 shares (~1.33%) worth about $76.7 million.
• Hedge funds and other institutional investors own 95.16% of TMHC, with several firms recently initiating or modestly increasing positions.
• Analysts have a consensus rating of Moderate Buy on TMHC with an average price target of $78.29 (ratings breakdown: 1 Strong Buy, 6 Buy, 2 Hold, 1 Sell).

Assenagon Asset Management S.A. lifted its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 96.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,302,940 shares of the construction company's stock after purchasing an additional 638,321 shares during the quarter. Assenagon Asset Management S.A. owned about 1.33% of Taylor Morrison Home worth $76,704,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. ORG Partners LLC purchased a new stake in Taylor Morrison Home during the 3rd quarter worth approximately $26,000. Root Financial Partners LLC purchased a new position in Taylor Morrison Home in the 3rd quarter valued at approximately $27,000. Pinnacle Holdings LLC purchased a new position in Taylor Morrison Home in the 3rd quarter valued at approximately $32,000. AlphaCore Capital LLC acquired a new position in shares of Taylor Morrison Home in the second quarter worth $37,000. Finally, Huntington National Bank grew its stake in shares of 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 acquiring an additional 560 shares in the last quarter. Hedge funds and other institutional investors own 95.16% of the company's stock.

Taylor Morrison Home Price Performance

Shares of TMHC opened at $58.99 on Wednesday. The firm has a market capitalization of $5.68 billion, a price-to-earnings ratio of 7.60, a PEG ratio of 8.14 and a beta of 1.58. The firm's fifty day simple moving average is $63.25 and its 200-day simple moving average is $62.70. Taylor Morrison Home Corporation has a twelve month low of $51.90 and a twelve month high of $72.50. The company has a current ratio of 7.31, a quick ratio of 1.55 and a debt-to-equity ratio of 0.36.

Analysts Set New Price Targets

Several analysts have recently issued reports on TMHC shares. Weiss Ratings cut Taylor Morrison Home from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, February 20th. Truist Financial began 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. Citizens Jmp started coverage on Taylor Morrison Home in a report on Wednesday, January 7th. They set a "market outperform" rating and a $95.00 price target on the stock. Bank of America reaffirmed a "neutral" rating on shares of Taylor Morrison Home in a research report on Tuesday, March 3rd. Finally, Zacks Research cut Taylor Morrison Home from a "hold" rating to a "strong sell" rating in a research note on Thursday, January 22nd. 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 stock. According to data from MarketBeat.com, Taylor Morrison Home currently has a consensus rating of "Moderate Buy" and an average price target 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.

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