William Blair Investment Management LLC Buys Shares of 317,329 Taylor Morrison Home Corporation $TMHC

William Blair Investment Management LLC purchased a new position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 317,329 shares of the construction company’s stock, valued at approximately $22,765,000.

A number of other institutional investors have also modified their holdings of the company. Bruni J V & Co. Co. acquired a new position in Taylor Morrison Home during the 2nd quarter worth about $15,835,529,000. Foster & Motley Inc. purchased a new position in shares of Taylor Morrison Home in the second quarter valued at approximately $4,035,000. Nuance Investments LLC acquired a new position in shares of Taylor Morrison Home in the second quarter valued at approximately $37,898,000. State of Wyoming purchased a new stake in Taylor Morrison Home during the 2nd quarter worth approximately $542,000. Finally, Donald Smith & CO. Inc. acquired a new stake in Taylor Morrison Home during the 2nd quarter worth approximately $61,876,000. 95.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TMHC has been the subject of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Taylor Morrison Home in a research note on Tuesday, July 21st. Barclays reissued 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. Wolfe Research lowered Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, June 10th. Truist Financial lowered their price objective on Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating for the company in a research report on Monday, June 1st. Finally, Raymond James Financial cut shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a report on Friday, June 26th. Two research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $77.43.

Taylor Morrison Home Price Performance

Shares of NYSE TMHC opened at $72.45 on Friday. The company has a market capitalization of $6.77 billion, a price-to-earnings ratio of 10.81, a price-to-earnings-growth ratio of 1.70 and a beta of 1.44. 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 business has a 50-day moving average of $72.14 and a two-hundred day moving average of $65.69. Taylor Morrison Home Corporation has a 1 year low of $54.15 and a 1 year high of $72.50.

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.