State of Wyoming Invests $542,000 in Taylor Morrison Home Corporation $TMHC

State of Wyoming purchased a new stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 7,554 shares of the construction company’s stock, valued at approximately $542,000.

Several other large investors have also recently modified their holdings of the stock. M&T Bank Corp raised its holdings in Taylor Morrison Home by 28,246.3% in the 4th quarter. M&T Bank Corp now owns 1,058,169 shares of the construction company’s stock worth $62,294,000 after acquiring an additional 1,054,436 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Taylor Morrison Home during the fourth quarter valued at $624,000. Landscape Capital Management L.L.C. lifted its holdings in shares of Taylor Morrison Home by 95.0% during the fourth quarter. Landscape Capital Management L.L.C. now owns 26,103 shares of the construction company’s stock valued at $1,537,000 after purchasing an additional 12,715 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in shares of Taylor Morrison Home by 10.4% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 716,925 shares of the construction company’s stock valued at $41,754,000 after buying an additional 67,785 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its position in shares of Taylor Morrison Home by 12.6% during the fourth quarter. Teacher Retirement System of Texas now owns 145,007 shares of the construction company’s stock valued at $8,537,000 after buying an additional 16,242 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TMHC. Zacks Research raised Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Taylor Morrison Home in a report on Tuesday, July 21st. Truist Financial decreased their target price on shares of Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating for the company in a research note on Monday, June 1st. Barclays reissued an “equal weight” rating and set a $73.00 price target (up from $69.00) on shares of Taylor Morrison Home in a report on Tuesday, July 14th. Finally, Bank of America cut their price objective on Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Taylor Morrison Home currently has a consensus rating of “Hold” and an average target price of $77.43.

Taylor Morrison Home Stock Performance

NYSE TMHC opened at $72.45 on Tuesday. The business has a 50-day moving average price of $72.09 and a 200-day moving average price of $65.41. The firm has a market cap 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. Taylor Morrison Home Corporation has a twelve month low of $54.15 and a twelve month high of $72.50. The company has a quick ratio of 1.45, a current ratio of 7.66 and a debt-to-equity ratio of 0.37.

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.