18,900 Shares in Taylor Morrison Home Corporation $TMHC Acquired by Gallagher Fiduciary Advisors LLC

Gallagher Fiduciary Advisors LLC purchased a new position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 18,900 shares of the construction company’s stock, valued at approximately $1,356,000.

A number of other hedge funds also recently made changes to their positions in the stock. Man Group plc acquired a new position in Taylor Morrison Home in the second quarter valued at $4,663,000. Polar Asset Management Partners Inc. acquired a new stake in Taylor Morrison Home during the second quarter worth about $21,032,000. Jupiter Topco LLC acquired a new stake in Taylor Morrison Home during the second quarter worth about $4,226,000. Hsbc Holdings PLC purchased a new position in shares of Taylor Morrison Home in the 2nd quarter worth about $311,000. Finally, Primecap Management Co. CA purchased a new position in shares of Taylor Morrison Home in the 2nd quarter worth about $6,042,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TMHC. Citigroup cut Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a report on Monday, June 1st. Weiss Ratings restated 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 price target for the company from $69.00 to $72.50 in a research report on Tuesday, June 2nd. Truist Financial decreased their price objective on shares of Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating for the company in a research note on Monday, June 1st. Finally, Barclays reissued an “equal weight” rating and issued a $73.00 target price (up from $69.00) on shares of Taylor Morrison Home in a research note on Tuesday, July 14th. Two analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $77.43.

Taylor Morrison Home Stock Performance

Shares of NYSE:TMHC opened at $72.45 on Wednesday. The business’s 50-day simple moving average is $72.16 and its 200 day simple moving average is $65.83. The company has a market cap of $6.77 billion, a P/E ratio of 10.81, a PEG ratio of 1.70 and a beta of 1.44. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.45 and a current ratio of 7.66. Taylor Morrison Home Corporation has a one year low of $54.15 and a one year high of $72.50.

Taylor Morrison Home Company 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.