Gallagher Fiduciary Advisors LLC Invests $1.36 Million in Taylor Morrison Home Corporation $TMHC

Gallagher Fiduciary Advisors LLC acquired a new position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 18,900 shares of the construction company’s stock, valued at approximately $1,356,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Keating Financial Advisory Services Inc. acquired a new position in Taylor Morrison Home in the second quarter worth about $25,000. Miller Capital Partners Inc. acquired a new stake in Taylor Morrison Home during the fourth quarter valued at approximately $27,000. Brown Brothers Harriman & Co. bought a new position in Taylor Morrison Home during the 4th quarter worth approximately $33,000. Root Financial Partners LLC lifted its holdings in Taylor Morrison Home by 65.7% during the 1st quarter. Root Financial Partners LLC now owns 638 shares of the construction company’s stock worth $37,000 after buying an additional 253 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Taylor Morrison Home in the 4th quarter worth approximately $45,000. Institutional investors own 95.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Barclays reiterated an “equal weight” rating and issued a $73.00 price target (up from $69.00) on shares of Taylor Morrison Home in a report on Tuesday, July 14th. Citigroup downgraded shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a report on Monday, June 1st. Citizens Jmp lowered shares of Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a research note on Monday, June 1st. Royal Bank Of Canada cut shares of Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from $69.00 to $72.50 in a report on Tuesday, June 2nd. Finally, Truist Financial reduced their price target on shares of Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating on the stock in a research report on Monday, June 1st. Two equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $77.43.

Taylor Morrison Home Stock Performance

NYSE:TMHC opened at $72.45 on Wednesday. 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. The business has a 50 day simple moving average of $72.16 and a 200 day simple moving average of $65.83. The company has a debt-to-equity ratio of 0.37, a current ratio of 7.66 and a quick ratio of 1.45. Taylor Morrison Home Corporation has a 12-month low of $54.15 and a 12-month 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.