Kendall Capital Management Purchases Shares of 18,645 Taylor Morrison Home Corporation $TMHC

Kendall Capital Management acquired a new position in shares of Taylor Morrison Home Corporation (NYSE:TMHCFree Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,645 shares of the construction company’s stock, valued at approximately $1,338,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of Taylor Morrison Home in the 2nd quarter worth about $1,003,494,000. AQR Capital Management LLC lifted its holdings in Taylor Morrison Home by 67.6% during the 4th quarter. AQR Capital Management LLC now owns 3,710,885 shares of the construction company’s stock valued at $218,274,000 after purchasing an additional 1,497,329 shares during the last quarter. Norges Bank bought a new position in Taylor Morrison Home during the 4th quarter valued at about $84,994,000. Assenagon Asset Management S.A. boosted its position in Taylor Morrison Home by 96.1% in the first quarter. Assenagon Asset Management S.A. now owns 2,554,498 shares of the construction company’s stock valued at $148,774,000 after buying an additional 1,251,558 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in Taylor Morrison Home by 360.1% in the third quarter. Alliancebernstein L.P. now owns 1,284,221 shares of the construction company’s stock valued at $84,771,000 after buying an additional 1,005,116 shares in the last quarter. 95.16% of the stock is owned by institutional investors.

Taylor Morrison Home Price Performance

Shares of NYSE TMHC opened at $72.45 on Friday. Taylor Morrison Home Corporation has a 12-month low of $54.15 and a 12-month high of $72.50. The firm’s 50-day simple moving average is $72.14 and its 200 day simple moving average is $65.69. The company has a quick ratio of 1.45, a current ratio of 7.66 and a debt-to-equity ratio of 0.37. 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.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Barclays reaffirmed an “equal weight” rating and set a $73.00 price objective (up from $69.00) on shares of Taylor Morrison Home in a research note on Tuesday, July 14th. Wolfe Research downgraded Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a report on Wednesday, June 10th. Royal Bank Of Canada downgraded Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from $69.00 to $72.50 in a report on Tuesday, June 2nd. Citizens Jmp lowered Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a research report on Monday, June 1st. Finally, Raymond James Financial cut Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a report on Friday, June 26th. Two equities 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, the stock has a consensus rating of “Hold” and a consensus price target of $77.43.

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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.

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

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