Vaughan Nelson Investment Management L.P. increased its holdings in Taylor Morrison Home Corporation (NYSE:TMHC – Free Report) by 10.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 716,925 shares of the construction company’s stock after acquiring an additional 67,785 shares during the period. Vaughan Nelson Investment Management L.P. owned about 0.74% of Taylor Morrison Home worth $41,754,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in shares of Taylor Morrison Home by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,401,801 shares of the construction company’s stock worth $376,876,000 after buying an additional 57,326 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Taylor Morrison Home by 67.6% in the fourth quarter. AQR Capital Management LLC now owns 3,710,885 shares of the construction company’s stock valued at $218,274,000 after acquiring an additional 1,497,329 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of Taylor Morrison Home by 2.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,398,394 shares of the construction company’s stock valued at $141,194,000 after acquiring an additional 60,236 shares during the last quarter. Morgan Stanley increased its position in shares of Taylor Morrison Home by 10.4% during the fourth quarter. Morgan Stanley now owns 1,973,433 shares of the construction company’s stock valued at $116,176,000 after acquiring an additional 185,381 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Taylor Morrison Home by 61.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,833,814 shares of the construction company’s stock worth $107,957,000 after acquiring an additional 695,471 shares during the period. 95.16% of the stock is owned by institutional investors.
Taylor Morrison Home Stock Down 0.0%
Shares of NYSE TMHC opened at $71.58 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 7.66 and a quick ratio of 1.45. The stock has a market capitalization of $6.69 billion, a PE ratio of 10.68, a P/E/G ratio of 1.65 and a beta of 1.47. Taylor Morrison Home Corporation has a one year low of $54.15 and a one year high of $72.50. The business’s fifty day moving average price is $63.14 and its 200-day moving average price is $62.32.
Analyst Ratings Changes
Several research analysts have weighed in on TMHC shares. Barclays boosted their price objective on Taylor Morrison Home from $68.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Weiss Ratings lowered Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Citigroup cut Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research note on Monday, June 1st. Citizens Jmp downgraded shares of Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a report on Monday, June 1st. Finally, Seaport Research Partners restated a “sell” rating and set a $49.00 price target (down from $85.00) on shares of Taylor Morrison Home in a research report on Tuesday, April 7th. Three research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $76.86.
Get Our Latest Stock Report on TMHC
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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