Donald Smith & CO. Inc. Purchases Shares of 862,507 Taylor Morrison Home Corporation $TMHC

Donald Smith & CO. Inc. purchased a new stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) in the 2nd quarter, Holdings Channel reports. The fund purchased 862,507 shares of the construction company’s stock, valued at approximately $61,876,000.

Several other institutional investors have also recently made changes to their positions in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Taylor Morrison Home by 5.8% during 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 acquiring an additional 16,379 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised 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 worth $55,000 after purchasing an additional 211 shares during the period. M&T Bank Corp purchased a new position in Taylor Morrison Home during the second quarter valued at $262,000. EverSource Wealth Advisors LLC grew 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 valued at $55,000 after purchasing an additional 720 shares during the period. Finally, Marshall Wace LLP grew its holdings in Taylor Morrison Home by 12.0% during the second quarter. Marshall Wace LLP now owns 8,029 shares of the construction company’s stock valued at $493,000 after purchasing an additional 859 shares during the period. Institutional investors own 95.16% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TMHC shares. Raymond James Financial downgraded Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research note on Friday, June 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Taylor Morrison Home in a research note on Tuesday, July 21st. Barclays reissued an “equal weight” rating and issued a $73.00 target price (up from $69.00) on shares of Taylor Morrison Home in a report on Tuesday, July 14th. Truist Financial decreased their target price 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, Citizens Jmp downgraded shares of Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a report on Monday, June 1st. Two investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, Taylor Morrison Home has a consensus rating of “Hold” and a consensus target price of $77.43.

Taylor Morrison Home Price Performance

NYSE:TMHC opened at $72.45 on Friday. The company has a quick ratio of 1.45, a current ratio of 7.66 and a debt-to-equity ratio of 0.37. The business’s 50-day simple moving average is $72.14 and its two-hundred day simple moving average is $65.69. The stock has a market cap of $6.77 billion, a PE ratio of 10.81, a P/E/G ratio of 1.70 and a beta of 1.44. Taylor Morrison Home Corporation has a 52 week low of $54.15 and a 52 week 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.