528,263 Shares in Taylor Morrison Home Corporation $TMHC Purchased by Nuance Investments LLC

Nuance Investments LLC purchased a new position in Taylor Morrison Home Corporation (NYSE:TMHC) during the 2nd quarter, HoldingsChannel reports. The firm purchased 528,263 shares of the construction company’s stock, valued at approximately $37,898,000. Taylor Morrison Home comprises approximately 6.4% of Nuance Investments LLC’s investment portfolio, making the stock its 4th biggest holding.

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

Analyst Ratings Changes

Several research firms have issued reports on TMHC. Wolfe Research cut Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a report on Wednesday, June 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Taylor Morrison Home in a research note on Tuesday, July 21st. Bank of America decreased their target price on Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Citigroup lowered Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research report on Monday, June 1st. Finally, Zacks Research raised Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 22nd. Two analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $77.43.

Taylor Morrison Home Price Performance

TMHC stock opened at $72.45 on Tuesday. Taylor Morrison Home Corporation has a 52-week low of $54.15 and a 52-week high of $72.50. The company’s 50 day simple moving average is $72.09 and its 200-day simple moving average is $65.41. The company has a debt-to-equity ratio of 0.37, a current ratio of 7.66 and a quick ratio of 1.45. The firm 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.

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.