Evolve Private Wealth LLC Takes Position in Taylor Morrison Home Corporation $TMHC

Evolve Private Wealth LLC purchased a new position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,714 shares of the construction company’s stock, valued at approximately $984,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bruni J V & Co. Co. purchased a new position in shares of Taylor Morrison Home during the 2nd quarter worth approximately $15,835,529,000. Foster & Motley Inc. purchased a new stake in shares of Taylor Morrison Home in the second quarter valued at $4,035,000. Nuance Investments LLC purchased a new position in shares of Taylor Morrison Home in the 2nd quarter worth $37,898,000. State of Wyoming purchased a new position in Taylor Morrison Home in the second quarter valued at approximately $542,000. Finally, Donald Smith & CO. Inc. acquired a new stake in shares of Taylor Morrison Home in the second quarter valued at about $61,876,000. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on TMHC shares. Barclays reiterated an “equal weight” rating and set a $73.00 target price (up from $69.00) on shares of Taylor Morrison Home in a research note on Tuesday, July 14th. Citigroup lowered shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a report on Monday, June 1st. Royal Bank Of Canada downgraded shares of Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from $69.00 to $72.50 in a research report on Tuesday, June 2nd. Truist Financial dropped their price objective on shares of 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. Finally, Raymond James Financial cut shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a report on Friday, June 26th. Two investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $77.43.

Taylor Morrison Home Stock Performance

Shares of TMHC stock opened at $72.45 on Monday. Taylor Morrison Home Corporation has a 1 year low of $54.15 and a 1 year high of $72.50. The firm has a market capitalization 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 stock has a fifty day moving average of $72.14 and a two-hundred day moving average of $65.72. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.45 and a current ratio of 7.66.

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.