Foster & Motley Inc. Purchases Shares of 56,244 Taylor Morrison Home Corporation $TMHC

Foster & Motley Inc. purchased a new position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 56,244 shares of the construction company’s stock, valued at approximately $4,035,000.

A number of other institutional investors have also modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of Taylor Morrison Home in the 2nd quarter valued at about $1,003,494,000. Dimensional Fund Advisors LP grew its holdings in Taylor Morrison Home by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,401,801 shares of the construction company’s stock worth $376,876,000 after acquiring an additional 57,326 shares during the period. AQR Capital Management LLC grew its holdings in Taylor Morrison Home by 67.6% during the fourth quarter. AQR Capital Management LLC now owns 3,710,885 shares of the construction company’s stock worth $218,274,000 after acquiring an additional 1,497,329 shares during the period. Assenagon Asset Management S.A. raised its position in Taylor Morrison Home by 96.1% during the first quarter. Assenagon Asset Management S.A. now owns 2,554,498 shares of the construction company’s stock valued at $148,774,000 after acquiring an additional 1,251,558 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its position in Taylor Morrison Home by 2.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,398,394 shares of the construction company’s stock valued at $141,194,000 after acquiring an additional 60,236 shares in the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Price Performance

TMHC stock opened at $72.45 on Wednesday. The stock has a market capitalization of $6.77 billion, a P/E ratio of 10.81, a P/E/G ratio of 1.70 and a beta of 1.44. The firm has a 50-day simple moving average of $72.10 and a 200-day simple moving average of $65.48. The company has a quick ratio of 1.45, a current ratio of 7.66 and a debt-to-equity ratio of 0.37. Taylor Morrison Home Corporation has a 52 week low of $54.15 and a 52 week high of $72.50.

Wall Street Analyst Weigh In

TMHC has been the topic of several recent research reports. Raymond James Financial lowered Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research report on Friday, June 26th. Wolfe Research lowered shares of Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a report on Wednesday, June 10th. Barclays reiterated an “equal weight” rating and issued a $73.00 target price (up from $69.00) on shares of Taylor Morrison Home in a research note on Tuesday, July 14th. Zacks Research raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 22nd. Finally, Citizens Jmp lowered shares of Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a research report on Monday, June 1st. Two investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Taylor Morrison Home currently has an average rating of “Hold” and a consensus price target of $77.43.

About Taylor Morrison Home

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.