Hodges Capital Management Inc. Has $14.92 Million Holdings in Taylor Morrison Home Corporation $TMHC

Hodges Capital Management Inc. increased its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 11.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 226,080 shares of the construction company’s stock after buying an additional 22,567 shares during the quarter. Taylor Morrison Home accounts for 1.3% of Hodges Capital Management Inc.’s portfolio, making the stock its 22nd biggest holding. Hodges Capital Management Inc. owned approximately 0.23% of Taylor Morrison Home worth $14,924,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of TMHC. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Taylor Morrison Home by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 299,888 shares of the construction company’s stock valued at $18,005,000 after purchasing an additional 16,379 shares during the period. IFP Advisors Inc bought a new position in shares of Taylor Morrison Home in the second quarter valued at about $65,000. CWM LLC lifted its position in shares of Taylor Morrison Home by 196.1% during the second quarter. CWM LLC now owns 9,776 shares of the construction company’s stock worth $600,000 after purchasing an additional 6,474 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in Taylor Morrison Home during the 2nd quarter worth $447,000. Finally, New York State Teachers Retirement System increased its stake in shares of Taylor Morrison Home by 11.4% in the 2nd quarter. New York State Teachers Retirement System now owns 90,460 shares of the construction company’s stock valued at $5,556,000 after buying an additional 9,262 shares during the period. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Price Performance

Shares of TMHC stock opened at $68.14 on Wednesday. The company has a quick ratio of 1.55, a current ratio of 7.31 and a debt-to-equity ratio of 0.36. Taylor Morrison Home Corporation has a 12-month low of $51.90 and a 12-month high of $72.50. The firm has a fifty day moving average of $62.39 and a 200-day moving average of $63.53. The firm has a market capitalization of $6.66 billion, a price-to-earnings ratio of 8.78, a price-to-earnings-growth ratio of 8.55 and a beta of 1.59.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Bank of America reiterated a “neutral” rating and issued a $70.00 price target (up previously from $68.00) on shares of Taylor Morrison Home in a report on Friday, January 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of Taylor Morrison Home in a research note on Monday, December 29th. Zacks Research lowered shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Citizens Jmp started coverage on shares of Taylor Morrison Home in a report on Wednesday, January 7th. They set a “market outperform” rating and a $95.00 target price for the company. Finally, Barclays cut their price target on Taylor Morrison Home from $71.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Seven analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $77.17.

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.