Taylor Morrison Home Corporation $TMHC Stake Boosted by Lazard Asset Management LLC

Lazard Asset Management LLC boosted its holdings in Taylor Morrison Home Corporation (NYSE:TMHC) by 9.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,920 shares of the construction company’s stock after purchasing an additional 7,244 shares during the quarter. Lazard Asset Management LLC’s holdings in Taylor Morrison Home were worth $4,713,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TMHC. Tectonic Advisors LLC lifted its position in shares of Taylor Morrison Home by 0.7% in the 4th quarter. Tectonic Advisors LLC now owns 29,765 shares of the construction company’s stock worth $1,752,000 after buying an additional 207 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Taylor Morrison Home by 30.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 899 shares of the construction company’s stock valued at $55,000 after buying an additional 211 shares during the period. Verdence Capital Advisors LLC grew 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 buying an additional 220 shares during the last quarter. Paulson Wealth Management Inc. grew its position in shares of Taylor Morrison Home by 5.2% during the 4th quarter. Paulson Wealth Management Inc. now owns 4,811 shares of the construction company’s stock valued at $283,000 after buying an additional 238 shares during the last quarter. Finally, Root Financial Partners LLC raised its stake in Taylor Morrison Home by 65.7% during the first quarter. Root Financial Partners LLC now owns 638 shares of the construction company’s stock worth $37,000 after acquiring an additional 253 shares during the period. Institutional investors own 95.16% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on TMHC shares. Truist Financial cut their target price on shares of Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating on the stock in a report on Monday, June 1st. Zacks Research raised Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 22nd. Seaport Research Partners reiterated 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. Royal Bank Of Canada downgraded Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from $69.00 to $72.50 in a report on Tuesday, June 2nd. Finally, Bank of America reduced their price objective on Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating for the company in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Taylor Morrison Home has a consensus rating of “Hold” and a consensus price target of $77.43.

Taylor Morrison Home Price Performance

TMHC stock opened at $72.45 on Friday. The stock has a market cap of $6.77 billion, a PE ratio of 10.81, a price-to-earnings-growth ratio of 1.70 and a beta of 1.44. The firm’s 50-day simple moving average is $70.59 and its 200 day simple moving average is $64.69. 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 quick ratio of 1.45, a current ratio of 7.66 and a debt-to-equity ratio of 0.37.

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.