13,714 Shares in Taylor Morrison Home Corporation $TMHC Bought by Evolve Private Wealth LLC

Evolve Private Wealth LLC acquired a new stake in Taylor Morrison Home Corporation (NYSE:TMHC) during the second quarter, according to its most recent filing with the SEC. The firm acquired 13,714 shares of the construction company’s stock, valued at approximately $984,000.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Taylor Morrison Home in the 2nd quarter worth $1,003,494,000. AQR Capital Management LLC increased its stake in shares of Taylor Morrison Home by 67.6% during the fourth quarter. AQR Capital Management LLC now owns 3,710,885 shares of the construction company’s stock worth $218,274,000 after acquiring an additional 1,497,329 shares during the period. Norges Bank acquired a new position in shares of Taylor Morrison Home during the fourth quarter worth about $84,994,000. Assenagon Asset Management S.A. raised its holdings in Taylor Morrison Home by 96.1% during the first 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 in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Taylor Morrison Home by 360.1% during the third quarter. Alliancebernstein L.P. now owns 1,284,221 shares of the construction company’s stock worth $84,771,000 after purchasing an additional 1,005,116 shares in the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on TMHC. Citigroup lowered Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a report on Monday, June 1st. Raymond James Financial downgraded Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research note on Friday, June 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Taylor Morrison Home in a report on Tuesday, July 21st. Royal Bank Of Canada downgraded Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from $69.00 to $72.50 in a research note on Tuesday, June 2nd. Finally, Truist Financial dropped their price objective on Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating on the stock in a report on Monday, June 1st. Two research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Taylor Morrison Home currently has an average rating of “Hold” and an average price target of $77.43.

Taylor Morrison Home Price Performance

TMHC stock opened at $72.45 on Monday. The company has a market cap 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 Corporation has a 52 week low of $54.15 and a 52 week high of $72.50. The company’s 50-day moving average price is $72.14 and its 200 day moving average price is $65.72. 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 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.