Vise Technologies Inc. Invests $994,000 in Taylor Morrison Home Corporation $TMHC

Vise Technologies Inc. purchased a new stake in Taylor Morrison Home Corporation (NYSE:TMHC) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 13,849 shares of the construction company’s stock, valued at approximately $994,000.

Other institutional investors have also recently made changes to their positions in the company. Miller Capital Partners Inc. purchased a new position in Taylor Morrison Home during the fourth quarter worth $27,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Taylor Morrison Home in the fourth quarter valued at $33,000. Root Financial Partners LLC raised 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 acquiring an additional 253 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Taylor Morrison Home in the 4th quarter worth about $45,000. Finally, Pinnacle Holdings LLC lifted its holdings in shares of Taylor Morrison Home by 62.1% in the 4th quarter. Pinnacle Holdings LLC now owns 783 shares of the construction company’s stock worth $46,000 after acquiring an additional 300 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

Analyst Ratings Changes

TMHC has been the topic of several analyst reports. Citigroup downgraded shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a report on Monday, June 1st. Citizens Jmp lowered Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a research report on Monday, June 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Taylor Morrison Home in a research note on Tuesday, July 21st. Raymond James Financial downgraded Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a report on Friday, June 26th. Finally, Wolfe Research lowered Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, June 10th. Two investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. 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 Stock Performance

NYSE TMHC opened at $72.45 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.45 and a current ratio of 7.66. The company has a market capitalization of $6.77 billion, a price-to-earnings ratio of 10.81, a price-to-earnings-growth ratio of 1.70 and a beta of 1.44. The company’s 50-day simple moving average is $72.14 and its two-hundred day simple moving average is $65.69. Taylor Morrison Home Corporation has a one year low of $54.15 and a one year high of $72.50.

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.