Nuance Investments LLC Invests $37.90 Million in Taylor Morrison Home Corporation $TMHC

Nuance Investments LLC acquired a new position in Taylor Morrison Home Corporation (NYSE:TMHC) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 528,263 shares of the construction company’s stock, valued at approximately $37,898,000. Taylor Morrison Home accounts for approximately 6.4% of Nuance Investments LLC’s portfolio, making the stock its 4th largest holding. Nuance Investments LLC owned approximately 0.57% of Taylor Morrison Home at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of TMHC. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Taylor Morrison Home by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 299,888 shares of the construction company’s stock worth $18,005,000 after purchasing an additional 16,379 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of 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 valued at $55,000 after buying an additional 211 shares during the last quarter. M&T Bank Corp bought a new stake in shares of Taylor Morrison Home during the second quarter valued at approximately $262,000. EverSource Wealth Advisors LLC boosted its position in shares of Taylor Morrison Home by 406.8% during the second quarter. EverSource Wealth Advisors LLC now owns 897 shares of the construction company’s stock worth $55,000 after buying an additional 720 shares during the period. Finally, Marshall Wace LLP boosted its position in shares of Taylor Morrison Home by 12.0% during the second quarter. Marshall Wace LLP now owns 8,029 shares of the construction company’s stock worth $493,000 after buying an additional 859 shares during the period. 95.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. Citigroup cut Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research report on Monday, June 1st. Wolfe Research lowered Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, June 10th. Royal Bank Of Canada cut Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from $69.00 to $72.50 in a research note on Tuesday, June 2nd. Raymond James Financial cut Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research note on Friday, June 26th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Taylor Morrison Home in a report on Tuesday, July 21st. Two research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Taylor Morrison Home has an average rating of “Hold” and an average price target of $77.43.

Taylor Morrison Home Stock Performance

Taylor Morrison Home stock opened at $72.45 on Tuesday. The firm has a 50 day simple moving average of $72.09 and a 200-day simple moving average of $65.41. The company has a debt-to-equity ratio of 0.37, a current ratio of 7.66 and a quick ratio of 1.45. 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.

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.