Quantbot Technologies LP Acquires Shares of 87,516 Taylor Morrison Home Corporation $TMHC

Quantbot Technologies LP bought a new stake in Taylor Morrison Home Corporation (NYSE:TMHC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 87,516 shares of the construction company’s stock, valued at approximately $6,278,000. Quantbot Technologies LP owned 0.09% of Taylor Morrison Home as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Keating Financial Advisory Services Inc. bought a new position in Taylor Morrison Home in the second quarter valued at about $25,000. Miller Capital Partners Inc. bought a new stake in Taylor Morrison Home during the 4th quarter worth about $27,000. Brown Brothers Harriman & Co. acquired a new position in Taylor Morrison Home during the 4th quarter valued at about $33,000. Root Financial Partners LLC lifted its position in Taylor Morrison Home by 65.7% during 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 bought a new position in shares of Taylor Morrison Home in the 4th quarter valued at about $45,000. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Price Performance

Shares of TMHC opened at $72.45 on Friday. The stock has a market cap of $6.77 billion, a P/E ratio of 10.81, a price-to-earnings-growth ratio of 1.70 and a beta of 1.44. Taylor Morrison Home Corporation has a 1 year low of $54.15 and a 1 year high of $72.50. The stock’s 50-day moving average price is $72.14 and its two-hundred day moving average price is $65.69. The company has a current ratio of 7.66, a quick ratio of 1.45 and a debt-to-equity ratio of 0.37.

Analysts Set New Price Targets

Several brokerages have recently commented on TMHC. Citizens Jmp cut shares of Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a research report on Monday, June 1st. Weiss Ratings restated a “hold (c)” rating on shares of Taylor Morrison Home in a report on Tuesday, July 21st. Wolfe Research cut shares of Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, June 10th. Raymond James Financial lowered shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a report on Friday, June 26th. Finally, Royal Bank Of Canada cut shares of Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and upped their target price for the company from $69.00 to $72.50 in a research report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $77.43.

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.