Pacer Advisors Inc. Grows Position in Taylor Morrison Home Corporation $TMHC

Pacer Advisors Inc. lifted its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 1,772.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 384,952 shares of the construction company’s stock after acquiring an additional 364,391 shares during the period. Pacer Advisors Inc.’s holdings in Taylor Morrison Home were worth $22,662,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Taylor Morrison Home by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,401,801 shares of the construction company’s stock worth $376,876,000 after acquiring an additional 57,326 shares during the last quarter. AQR Capital Management LLC lifted its position in 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 purchasing an additional 1,497,329 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in Taylor Morrison Home by 2.6% during the 4th 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 buying an additional 60,236 shares during the last quarter. Morgan Stanley raised its stake 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% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,833,814 shares of the construction company’s stock worth $107,957,000 after buying an additional 695,471 shares during the period. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

Shares of NYSE TMHC opened at $71.58 on Friday. The company has a quick ratio of 1.45, a current ratio of 7.66 and a debt-to-equity ratio of 0.37. Taylor Morrison Home Corporation has a 52-week low of $54.15 and a 52-week high of $72.50. The company has a market cap of $6.69 billion, a PE ratio of 10.68, a PEG ratio of 1.65 and a beta of 1.47. The firm’s 50-day moving average price is $63.14 and its 200-day moving average price is $62.33.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, April 22nd. The construction company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.30. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.33 billion. Taylor Morrison Home had a net margin of 8.77% and a return on equity of 11.48%. The company’s quarterly revenue was down 26.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.07 EPS. As a group, analysts anticipate that Taylor Morrison Home Corporation will post 5.36 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TMHC shares. Weiss Ratings cut shares of Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Citizens Jmp downgraded Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a report on Monday, June 1st. Barclays raised their price objective 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. Bank of America dropped their target price on shares of Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Finally, Truist Financial dropped their price target on Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating on the stock in a research report on Monday, June 1st. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $76.86.

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.