Taylor Morrison Home Corporation $TMHC Shares Purchased by Bridges Investment Management Inc.

Bridges Investment Management Inc. lifted its stake in Taylor Morrison Home Corporation (NYSE:TMHC) by 36.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 49,480 shares of the construction company’s stock after acquiring an additional 13,239 shares during the quarter. Bridges Investment Management Inc.’s holdings in Taylor Morrison Home were worth $3,266,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in TMHC. ORG Partners LLC acquired a new stake in shares of Taylor Morrison Home during the third quarter worth about $26,000. Root Financial Partners LLC purchased a new stake in Taylor Morrison Home during the 3rd quarter worth approximately $27,000. Atlantic Union Bankshares Corp acquired a new stake in Taylor Morrison Home during the 2nd quarter worth approximately $28,000. AlphaCore Capital LLC acquired a new stake in Taylor Morrison Home during the 2nd quarter worth approximately $37,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in Taylor Morrison Home in the 3rd quarter valued at approximately $49,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

Shares of Taylor Morrison Home stock opened at $61.65 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 7.02 and a debt-to-equity ratio of 0.35. Taylor Morrison Home Corporation has a 52 week low of $51.90 and a 52 week high of $72.50. The firm’s 50 day moving average is $61.63 and its two-hundred day moving average is $63.19. The firm has a market capitalization of $6.02 billion, a P/E ratio of 7.43 and a beta of 1.59.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TMHC shares. Citizens Jmp initiated coverage on 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. Wedbush reaffirmed an “outperform” rating and issued a $85.00 target price on shares of Taylor Morrison Home in a report on Thursday, October 23rd. Barclays reiterated an “overweight” rating and issued a $71.00 price target on shares of Taylor Morrison Home in a research note on Monday, December 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Taylor Morrison Home in a research report on Monday, December 29th. Finally, Bank of America restated a “neutral” rating and issued a $70.00 price objective (up from $68.00) on shares of Taylor Morrison Home in a report on Friday, January 16th. Eight research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Taylor Morrison Home presently has an average rating of “Moderate Buy” and an average price target of $77.14.

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.