William Blair Investment Management LLC Invests $22.77 Million in Taylor Morrison Home Corporation $TMHC

William Blair Investment Management LLC acquired a new stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 317,329 shares of the construction company’s stock, valued at approximately $22,765,000. William Blair Investment Management LLC owned approximately 0.34% of Taylor Morrison Home as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TMHC. Bruni J V & Co. Co. purchased a new position in Taylor Morrison Home in the 2nd quarter valued at $15,835,529,000. Foster & Motley Inc. acquired a new stake in shares of Taylor Morrison Home in the second quarter valued at about $4,035,000. Nuance Investments LLC purchased a new position in shares of Taylor Morrison Home in the second quarter worth about $37,898,000. State of Wyoming purchased a new position in shares of Taylor Morrison Home in the second quarter worth about $542,000. Finally, Donald Smith & CO. Inc. acquired a new position in Taylor Morrison Home during the second quarter worth about $61,876,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TMHC has been the subject of a number of recent research reports. Citizens Jmp downgraded shares of Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a report on Monday, June 1st. Barclays reaffirmed 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 lowered Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research note on Monday, June 1st. Royal Bank Of Canada downgraded Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and raised their target price for the stock from $69.00 to $72.50 in a research note on Tuesday, June 2nd. Finally, Wolfe Research cut shares of Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, June 10th. Two investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Taylor Morrison Home presently has an average rating of “Hold” and a consensus target price of $77.43.

Taylor Morrison Home Price Performance

TMHC stock opened at $72.45 on Friday. 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. The stock has a market cap of $6.77 billion, a price-to-earnings ratio of 10.81, a price-to-earnings-growth ratio of 1.70 and a beta of 1.44. The business has a fifty day moving average of $72.14 and a two-hundred day moving average of $65.69.

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.