GSA Capital Partners LLP Invests $2.76 Million in Taylor Morrison Home Corporation $TMHC

GSA Capital Partners LLP purchased a new stake in Taylor Morrison Home Corporation (NYSE:TMHC) during the second quarter, HoldingsChannel.com reports. The firm purchased 38,496 shares of the construction company’s stock, valued at approximately $2,762,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TMHC. Northwestern Mutual Wealth Management Co. boosted its position in shares of Taylor Morrison Home by 30.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 899 shares of the construction company’s stock worth $55,000 after purchasing an additional 211 shares in the last quarter. Verdence Capital Advisors LLC increased its holdings in shares of Taylor Morrison Home by 3.3% in the 4th quarter. Verdence Capital Advisors LLC now owns 6,795 shares of the construction company’s stock valued at $400,000 after purchasing an additional 220 shares in the last quarter. Paulson Wealth Management Inc. increased its holdings in shares of Taylor Morrison Home by 5.2% in the 4th quarter. Paulson Wealth Management Inc. now owns 4,811 shares of the construction company’s stock valued at $283,000 after purchasing an additional 238 shares in the last quarter. Root Financial Partners LLC lifted its stake in shares of Taylor Morrison Home by 65.7% in the first quarter. Root Financial Partners LLC now owns 638 shares of the construction company’s stock valued at $37,000 after purchasing an additional 253 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in shares of Taylor Morrison Home by 39.8% in the fourth quarter. Farther Finance Advisors LLC now owns 941 shares of the construction company’s stock valued at $55,000 after purchasing an additional 268 shares during the period. Institutional investors and hedge funds own 95.16% of the company’s stock.

Analysts Set New Price Targets

TMHC has been the topic of a number of research analyst reports. Bank of America decreased their price objective 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. Citigroup downgraded shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research report on Monday, June 1st. Truist Financial decreased 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. Zacks Research upgraded Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 22nd. Finally, Royal Bank Of Canada downgraded Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from $69.00 to $72.50 in a research note on Tuesday, June 2nd. Two research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average 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 Friday. The company has a current ratio of 7.66, a quick ratio of 1.45 and a debt-to-equity ratio of 0.37. The company’s 50-day moving average price is $72.07 and its 200 day moving average price is $65.30. Taylor Morrison Home Corporation has a 52 week low of $54.15 and a 52 week high of $72.50. The stock has a market cap of $6.77 billion, a price-to-earnings ratio of 10.81, a PEG ratio of 1.70 and a beta of 1.44.

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.