Donald Smith & CO. Inc. Acquires New Position in Taylor Morrison Home Corporation $TMHC

Donald Smith & CO. Inc. acquired a new stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 862,507 shares of the construction company’s stock, valued at approximately $61,876,000. Donald Smith & CO. Inc. owned approximately 0.92% of Taylor Morrison Home as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. Miller Capital Partners Inc. purchased a new stake in shares of Taylor Morrison Home during the fourth quarter valued at approximately $27,000. Brown Brothers Harriman & Co. purchased a new position in Taylor Morrison Home in the 4th quarter worth approximately $33,000. Root Financial Partners LLC raised its holdings in Taylor Morrison Home by 65.7% in the 1st quarter. Root Financial Partners LLC now owns 638 shares of the construction company’s stock worth $37,000 after acquiring an additional 253 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in Taylor Morrison Home in the 4th quarter valued at approximately $45,000. Finally, Pinnacle Holdings LLC lifted its position in Taylor Morrison Home by 62.1% in the 4th quarter. Pinnacle Holdings LLC now owns 783 shares of the construction company’s stock valued at $46,000 after acquiring an additional 300 shares in the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Taylor Morrison Home Stock Performance

Shares of TMHC stock opened at $72.45 on Friday. The company has a current ratio of 7.66, a quick ratio of 1.45 and a debt-to-equity ratio of 0.37. Taylor Morrison Home Corporation has a 12-month low of $54.15 and a 12-month high of $72.50. 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’s 50 day moving average is $72.14 and its 200 day moving average is $65.69.

Analyst Ratings Changes

Several brokerages have commented on TMHC. Barclays reiterated an “equal weight” rating and set a $73.00 target price (up from $69.00) on shares of Taylor Morrison Home in a research note on Tuesday, July 14th. Citizens Jmp downgraded Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a report on Monday, June 1st. Royal Bank Of Canada cut Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from $69.00 to $72.50 in a research report on Tuesday, June 2nd. Truist Financial reduced their price objective on Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating for the company in a report on Monday, June 1st. Finally, Wolfe Research lowered Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, June 10th. Two equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Taylor Morrison Home has a consensus rating of “Hold” and a consensus 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.