Foster & Motley Inc. Buys Shares of 56,244 Taylor Morrison Home Corporation $TMHC

Foster & Motley Inc. purchased a new position in Taylor Morrison Home Corporation (NYSE:TMHC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 56,244 shares of the construction company’s stock, valued at approximately $4,035,000. Foster & Motley Inc. owned about 0.06% of Taylor Morrison Home at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of Taylor Morrison Home in the 2nd quarter worth $1,003,494,000. AQR Capital Management LLC increased its position 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 buying an additional 1,497,329 shares in the last quarter. Norges Bank acquired a new position in Taylor Morrison Home during the 4th quarter valued at about $84,994,000. Assenagon Asset Management S.A. increased its position in Taylor Morrison Home by 96.1% during the 1st 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, M&T Bank Corp raised its stake in Taylor Morrison Home by 28,246.3% in the fourth quarter. M&T Bank Corp now owns 1,058,169 shares of the construction company’s stock valued at $62,294,000 after buying an additional 1,054,436 shares during the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TMHC shares. 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 note on Monday, June 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Taylor Morrison Home in a research report on Tuesday, July 21st. Royal Bank Of Canada cut shares of Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from $69.00 to $72.50 in a research note on Tuesday, June 2nd. Citigroup downgraded shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research report on Monday, June 1st. Finally, Citizens Jmp lowered shares of Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a research note on Monday, June 1st. Two research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $77.43.

Taylor Morrison Home Price Performance

Shares of NYSE TMHC opened at $72.45 on Wednesday. Taylor Morrison Home Corporation has a 52 week low of $54.15 and a 52 week high of $72.50. The business’s 50 day moving average price is $72.10 and its 200 day moving average price is $65.48. 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 firm has a market cap of $6.77 billion, a P/E ratio of 10.81, a P/E/G ratio of 1.70 and a beta of 1.44.

Taylor Morrison Home 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.