Taylor Morrison Home Corporation $TMHC Stake Raised by Empowered Funds LLC

Empowered Funds LLC raised its holdings in Taylor Morrison Home Corporation (NYSE:TMHC) by 38.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 283,380 shares of the construction company’s stock after acquiring an additional 79,407 shares during the quarter. Empowered Funds LLC’s holdings in Taylor Morrison Home were worth $16,504,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in TMHC. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings 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 worth $18,005,000 after purchasing an additional 16,379 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Taylor Morrison Home by 30.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 899 shares of the construction company’s stock worth $55,000 after buying an additional 211 shares in the last quarter. M&T Bank Corp bought a new stake in Taylor Morrison Home during the second quarter worth approximately $262,000. EverSource Wealth Advisors LLC boosted its holdings in Taylor Morrison Home by 406.8% during the second quarter. EverSource Wealth Advisors LLC now owns 897 shares of the construction company’s stock worth $55,000 after buying an additional 720 shares in the last quarter. Finally, Marshall Wace LLP grew its position in Taylor Morrison Home by 12.0% in the second quarter. Marshall Wace LLP now owns 8,029 shares of the construction company’s stock worth $493,000 after buying an additional 859 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

Shares of NYSE TMHC opened at $72.45 on Wednesday. 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 one year low of $54.15 and a one year high of $72.50. The business has a 50-day moving average price of $69.71 and a two-hundred day moving average price of $64.50. The firm has a market capitalization of $6.77 billion, a PE ratio of 10.81, a PEG ratio of 1.70 and a beta of 1.44.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Truist Financial dropped their price target on Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating on the stock in a report on Monday, June 1st. Raymond James Financial lowered Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research note on Friday, June 26th. Bank of America decreased their target price on Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Royal Bank Of Canada lowered Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from $69.00 to $72.50 in a research report on Tuesday, June 2nd. Finally, Zacks Research raised Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Taylor Morrison Home presently has an average rating of “Hold” and a consensus price target of $77.43.

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.