Dynamic Technology Lab Private Ltd Sells 19,353 Shares of Taylor Morrison Home Corporation $TMHC

Dynamic Technology Lab Private Ltd lowered its position in Taylor Morrison Home Corporation (NYSE:TMHC) by 47.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,417 shares of the construction company’s stock after selling 19,353 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Taylor Morrison Home were worth $1,414,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. AlphaQuest LLC lifted its stake in shares of 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 buying an additional 19,098 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Taylor Morrison Home by 10.0% during the third quarter. Nordea Investment Management AB now owns 193,249 shares of the construction company’s stock valued at $12,689,000 after buying an additional 17,595 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Taylor Morrison Home during the third quarter worth about $2,088,000. Pacer Advisors Inc. bought a new stake in shares of Taylor Morrison Home during the third quarter worth about $1,357,000. Finally, Whittier Trust Co. acquired a new stake in shares of Taylor Morrison Home in the 3rd quarter worth about $6,412,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Stock Down 0.5%

Taylor Morrison Home stock opened at $61.31 on Friday. Taylor Morrison Home Corporation has a fifty-two week low of $51.90 and a fifty-two week high of $72.50. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.55 and a current ratio of 7.31. The firm’s 50-day simple moving average is $63.58 and its 200 day simple moving average is $63.46. The stock has a market cap of $5.91 billion, a PE ratio of 7.90, a price-to-earnings-growth ratio of 8.41 and a beta of 1.58.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Citizens Jmp initiated coverage on shares of Taylor Morrison Home in a research report on Wednesday, January 7th. They issued a “market outperform” rating and a $95.00 price target on the stock. Weiss Ratings lowered Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 20th. Royal Bank Of Canada raised their target price on Taylor Morrison Home from $62.00 to $68.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Barclays cut their target price on Taylor Morrison Home from $71.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. Finally, Bank of America reiterated a “neutral” rating on shares of Taylor Morrison Home in a report on Tuesday. One equities research 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 given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.