BlackRock Inc. Purchases New Shares in Taylor Morrison Home Corporation $TMHC

BlackRock Inc. acquired a new position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 13,987,929 shares of the construction company’s stock, valued at approximately $1,003,494,000. BlackRock Inc. owned 0.15% of Taylor Morrison Home as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TMHC. Dimensional Fund Advisors LP lifted its holdings in shares of 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 acquiring an additional 57,326 shares during the last quarter. AQR Capital Management LLC grew its holdings 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 valued at $218,274,000 after purchasing an additional 1,497,329 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Taylor Morrison Home by 96.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 2,554,498 shares of the construction company’s stock worth $148,774,000 after purchasing an additional 1,251,558 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in Taylor Morrison Home by 2.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,398,394 shares of the construction company’s stock worth $141,194,000 after purchasing an additional 60,236 shares during the last quarter. Finally, Morgan Stanley lifted its stake in Taylor Morrison Home by 10.4% in the fourth quarter. Morgan Stanley now owns 1,973,433 shares of the construction company’s stock worth $116,176,000 after purchasing an additional 185,381 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Price Performance

Shares of NYSE TMHC 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. The stock has a market capitalization of $6.77 billion, a PE 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 12-month low of $54.15 and a 12-month high of $72.50. The stock’s fifty day simple moving average is $72.14 and its two-hundred day simple moving average is $65.69.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TMHC. Wolfe Research cut Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, June 10th. Barclays restated an “equal weight” rating and set a $73.00 price objective (up from $69.00) on shares of Taylor Morrison Home in a report on Tuesday, July 14th. Citigroup downgraded Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research report on Monday, June 1st. Truist Financial reduced their target price on Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating on the stock in a research note on Monday, June 1st. Finally, Raymond James Financial downgraded Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research report on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, Taylor Morrison Home presently has a consensus rating of “Hold” and a consensus price target of $77.43.

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.