Deutsche Bank AG Takes Position in Taylor Morrison Home Corporation $TMHC

Deutsche Bank AG acquired a new stake in Taylor Morrison Home Corporation (NYSE:TMHC) in the second quarter, Holdings Channel.com reports. The fund acquired 100,418 shares of the construction company’s stock, valued at approximately $7,204,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in 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 purchasing an additional 211 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings 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 worth $400,000 after buying an additional 220 shares during the last quarter. Paulson Wealth Management Inc. increased its holdings 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 worth $283,000 after buying an additional 238 shares during the last quarter. Root Financial Partners LLC raised its position in shares of Taylor Morrison Home by 65.7% during the 1st quarter. Root Financial Partners LLC now owns 638 shares of the construction company’s stock valued at $37,000 after buying an additional 253 shares during the period. Finally, Farther Finance Advisors LLC raised its position in shares of Taylor Morrison Home by 39.8% during the 4th quarter. Farther Finance Advisors LLC now owns 941 shares of the construction company’s stock valued at $55,000 after buying an additional 268 shares during the period. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TMHC shares. Royal Bank Of Canada lowered Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and increased their price objective for the stock from $69.00 to $72.50 in a research report on Tuesday, June 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Taylor Morrison Home in a research report on Tuesday, July 21st. 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. Citizens Jmp downgraded Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a research report on Monday, June 1st. Finally, Barclays restated an “equal weight” rating and issued a $73.00 price objective (up from $69.00) on shares of Taylor Morrison Home in a report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $77.43.

Taylor Morrison Home Price Performance

Shares of NYSE TMHC opened at $72.45 on Tuesday. The company has a current ratio of 7.66, a quick ratio of 1.45 and a debt-to-equity ratio of 0.37. Taylor Morrison Home Corporation has a twelve month low of $54.15 and a twelve month high of $72.50. The stock has a 50 day moving average of $72.15 and a two-hundred day moving average of $65.78. The stock 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 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.