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

State of Wyoming acquired a new stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 7,554 shares of the construction company’s stock, valued at approximately $542,000.

Other hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its stake in Taylor Morrison Home by 30.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 899 shares of the construction company’s stock worth $55,000 after purchasing an additional 211 shares during the last quarter. Verdence Capital Advisors LLC raised its holdings in shares of Taylor Morrison Home by 3.3% during the 4th quarter. Verdence Capital Advisors LLC now owns 6,795 shares of the construction company’s stock valued at $400,000 after buying an additional 220 shares in the last quarter. Paulson Wealth Management Inc. raised its holdings in shares of Taylor Morrison Home by 5.2% during the 4th quarter. Paulson Wealth Management Inc. now owns 4,811 shares of the construction company’s stock valued at $283,000 after buying an additional 238 shares in the last quarter. Root Financial Partners LLC lifted its position in Taylor Morrison Home by 65.7% in 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, Farther Finance Advisors LLC lifted its position in Taylor Morrison Home by 39.8% in the 4th quarter. Farther Finance Advisors LLC now owns 941 shares of the construction company’s stock worth $55,000 after buying an additional 268 shares during the last quarter. 95.16% of the stock is owned by institutional investors.

Taylor Morrison Home Stock Performance

Shares of TMHC stock opened at $72.45 on Tuesday. The firm has a market capitalization of $6.77 billion, a price-to-earnings ratio of 10.81, a PEG ratio of 1.70 and a beta of 1.44. The stock has a fifty day moving average of $72.09 and a 200 day moving average of $65.41. Taylor Morrison Home Corporation has a 52 week low of $54.15 and a 52 week 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.

Analyst Ratings Changes

Several research analysts have commented on TMHC shares. Citigroup downgraded shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research note on Monday, June 1st. Raymond James Financial cut shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research note on Friday, June 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Taylor Morrison Home in a report on Tuesday, July 21st. Royal Bank Of Canada cut shares of Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from $69.00 to $72.50 in a research report on Tuesday, June 2nd. Finally, Zacks Research raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 22nd. Two analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, Taylor Morrison Home currently has an average rating of “Hold” and an average target price 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.