Sei Investments Co. Grows Position in Taylor Morrison Home Corporation $TMHC

Sei Investments Co. lifted its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHCFree Report) by 7.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 332,202 shares of the construction company’s stock after acquiring an additional 23,682 shares during the period. Sei Investments Co.’s holdings in Taylor Morrison Home were worth $19,347,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Miller Capital Partners Inc. acquired a new stake in Taylor Morrison Home during the 4th quarter worth $27,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Taylor Morrison Home in the fourth quarter valued at about $33,000. Root Financial Partners LLC raised its stake in Taylor Morrison Home by 65.7% during the 1st quarter. Root Financial Partners LLC now owns 638 shares of the construction company’s stock valued at $37,000 after acquiring an additional 253 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Taylor Morrison Home in the 4th quarter valued at approximately $40,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Taylor Morrison Home in the 4th quarter valued at approximately $45,000. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Performance

Shares of TMHC stock opened at $72.45 on Thursday. The company has a current ratio of 7.66, a quick ratio of 1.45 and a debt-to-equity ratio of 0.37. The stock has a 50 day simple moving average of $70.01 and a 200-day simple moving average of $64.59. The company has a market cap of $6.77 billion, a price-to-earnings ratio of 10.81, a price-to-earnings-growth ratio of 1.70 and a beta of 1.44. Taylor Morrison Home Corporation has a 12-month low of $54.15 and a 12-month high of $72.50.

Wall Street Analyst Weigh In

TMHC has been the subject of several analyst reports. Zacks Research upgraded Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 22nd. Bank of America lowered their price objective on shares of Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th. Citigroup cut shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research note on Monday, June 1st. Royal Bank Of Canada downgraded shares of Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from $69.00 to $72.50 in a research report on Tuesday, June 2nd. Finally, Wolfe Research cut shares of Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, June 10th. Two research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $77.43.

Check Out Our Latest Analysis on TMHC

About Taylor Morrison Home

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Taylor Morrison Home (NYSE:TMHC)

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