87,516 Shares in Taylor Morrison Home Corporation $TMHC Bought by Quantbot Technologies LP

Quantbot Technologies LP bought a new position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 87,516 shares of the construction company’s stock, valued at approximately $6,278,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Keating Financial Advisory Services Inc. bought a new stake in shares of Taylor Morrison Home in the second quarter worth about $25,000. Miller Capital Partners Inc. bought a new position in shares of Taylor Morrison Home during the 4th quarter valued at about $27,000. Brown Brothers Harriman & Co. bought a new position in shares of Taylor Morrison Home during the 4th quarter valued at about $33,000. Root Financial Partners LLC grew its position in shares of Taylor Morrison Home by 65.7% in the 1st quarter. Root Financial Partners LLC now owns 638 shares of the construction company’s stock valued at $37,000 after purchasing an additional 253 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Taylor Morrison Home in the 4th quarter valued at approximately $45,000. 95.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Royal Bank Of Canada cut Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from $69.00 to $72.50 in a research note on Tuesday, June 2nd. Truist Financial reduced their price target on shares of Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating for the company in a report on Monday, June 1st. Citizens Jmp downgraded shares of Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a research report on Monday, June 1st. Barclays restated an “equal weight” rating and set a $73.00 price objective (up from $69.00) on shares of Taylor Morrison Home in a report on Tuesday, July 14th. Finally, Citigroup cut shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research report on Monday, June 1st. Two 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 has a consensus rating of “Hold” and an average target price of $77.43.

Taylor Morrison Home Price 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 cap of $6.77 billion, a PE ratio of 10.81, a PEG 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. The stock has a 50-day simple moving average of $72.14 and a 200 day simple moving average of $65.69.

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.