Edgestream Partners L.P. Has $7.92 Million Stock Position in Taylor Morrison Home Corporation $TMHC

Edgestream Partners L.P. reduced its position in Taylor Morrison Home Corporation (NYSE:TMHC) by 41.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 136,051 shares of the construction company’s stock after selling 95,659 shares during the period. Edgestream Partners L.P.’s holdings in Taylor Morrison Home were worth $7,924,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in Taylor Morrison Home by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,401,801 shares of the construction company’s stock worth $376,876,000 after purchasing an additional 57,326 shares during the period. AQR Capital Management LLC grew its position in Taylor Morrison Home by 67.6% during the 4th quarter. AQR Capital Management LLC now owns 3,710,885 shares of the construction company’s stock worth $218,274,000 after purchasing an additional 1,497,329 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Taylor Morrison Home by 96.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,554,498 shares of the construction company’s stock valued at $148,774,000 after purchasing an additional 1,251,558 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in Taylor Morrison Home by 2.6% during the 4th 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 purchasing an additional 60,236 shares during the period. Finally, Morgan Stanley lifted its holdings in shares of Taylor Morrison Home by 10.4% in the fourth quarter. Morgan Stanley now owns 1,973,433 shares of the construction company’s stock valued at $116,176,000 after purchasing an additional 185,381 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TMHC. Seaport Research Partners reaffirmed a “sell” rating and issued a $49.00 target price (down from $85.00) on shares of Taylor Morrison Home in a research report on Tuesday, April 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Taylor Morrison Home in a research report on Tuesday, July 21st. Raymond James Financial downgraded Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research note on Friday, June 26th. Wolfe Research lowered Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, June 10th. Finally, Citizens Jmp cut Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a research note on Monday, June 1st. Two analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Taylor Morrison Home presently has an average rating of “Hold” and a consensus price target of $77.43.

Taylor Morrison Home Price Performance

Shares of NYSE:TMHC opened at $72.45 on Thursday. 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 business has a 50-day moving average of $70.01 and a two-hundred day moving average of $64.59. Taylor Morrison Home Corporation has a fifty-two week low of $54.15 and a fifty-two week high of $72.50. The company has a debt-to-equity ratio of 0.37, a current ratio of 7.66 and a quick ratio of 1.45.

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.