Landscape Capital Management L.L.C. raised its stake in Taylor Morrison Home Corporation (NYSE:TMHC – Free Report) by 95.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,103 shares of the construction company’s stock after buying an additional 12,715 shares during the period. Landscape Capital Management L.L.C.’s holdings in Taylor Morrison Home were worth $1,537,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in TMHC. Allworth Financial LP boosted its position in shares of Taylor Morrison Home by 14.9% during the 3rd quarter. Allworth Financial LP now owns 1,546 shares of the construction company’s stock valued at $102,000 after purchasing an additional 200 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Taylor Morrison Home by 4.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,691 shares of the construction company’s stock valued at $310,000 after purchasing an additional 204 shares in the last quarter. Tectonic Advisors LLC boosted its position in shares of Taylor Morrison Home by 0.7% during the 4th quarter. Tectonic Advisors LLC now owns 29,765 shares of the construction company’s stock valued at $1,752,000 after purchasing an additional 207 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Taylor Morrison Home by 30.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 899 shares of the construction company’s stock valued at $55,000 after purchasing an additional 211 shares in the last quarter. Finally, Verdence Capital Advisors LLC boosted its position in shares of Taylor Morrison Home by 3.3% during the 4th quarter. Verdence Capital Advisors LLC now owns 6,795 shares of the construction company’s stock valued at $400,000 after purchasing an additional 220 shares in the last quarter. Institutional investors own 95.16% of the company’s stock.
Taylor Morrison Home Stock Up 0.1%
TMHC stock opened at $71.95 on Tuesday. The stock’s 50 day simple moving average is $62.03 and its 200 day simple moving average is $62.09. Taylor Morrison Home Corporation has a fifty-two week low of $54.15 and a fifty-two week high of $72.50. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.45 and a current ratio of 7.66. The company has a market cap of $6.72 billion, a P/E ratio of 10.74, a price-to-earnings-growth ratio of 1.66 and a beta of 1.47.
Analyst Upgrades and Downgrades
TMHC has been the topic of several research analyst reports. Citigroup lowered Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research report on Monday, June 1st. Barclays upped their target price on Taylor Morrison Home from $68.00 to $69.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Seaport Research Partners restated a “sell” rating and set a $49.00 target price (down from $85.00) on shares of Taylor Morrison Home in a research report on Tuesday, April 7th. Wolfe Research lowered Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, June 10th. Finally, Weiss Ratings lowered Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $76.86.
Get Our Latest Stock Report on Taylor Morrison Home
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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