Vaughan Nelson Investment Management L.P. Acquires New Shares in Taylor Morrison Home Corporation $TMHC

Vaughan Nelson Investment Management L.P. bought a new position in Taylor Morrison Home Corporation (NYSE:TMHC) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 578,540 shares of the construction company’s stock, valued at approximately $38,189,000. Vaughan Nelson Investment Management L.P. owned approximately 0.58% of Taylor Morrison Home as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Atlantic Union Bankshares Corp bought a new stake in shares of Taylor Morrison Home during the 2nd quarter worth $28,000. AlphaCore Capital LLC acquired a new stake in shares of Taylor Morrison Home during the 2nd quarter worth approximately $37,000. Parallel Advisors LLC raised its stake in shares of Taylor Morrison Home by 29.9% in the second quarter. Parallel Advisors LLC now owns 882 shares of the construction company’s stock valued at $54,000 after purchasing an additional 203 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Taylor Morrison Home by 30.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 899 shares of the construction company’s stock worth $55,000 after acquiring an additional 211 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in 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 purchasing an additional 720 shares during the period. Institutional investors and hedge funds own 95.16% of the company’s stock.

Wall Street Analysts Forecast Growth

TMHC has been the topic of a number of recent analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Taylor Morrison Home in a research report on Monday, December 29th. Wedbush reiterated an “outperform” rating and issued a $85.00 price objective on shares of Taylor Morrison Home in a research report on Thursday, October 23rd. Zacks Research raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 23rd. Barclays reissued an “overweight” rating and issued a $71.00 target price on shares of Taylor Morrison Home in a research note on Monday, December 8th. Finally, Citizens Jmp started coverage on shares of Taylor Morrison Home in a report on Wednesday. They issued a “market outperform” rating and a $95.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $78.00.

Taylor Morrison Home Price Performance

Taylor Morrison Home stock opened at $58.98 on Wednesday. The stock’s 50 day moving average is $60.31 and its 200-day moving average is $63.23. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of 7.11 and a beta of 1.59. Taylor Morrison Home Corporation has a 12 month low of $51.90 and a 12 month high of $72.50. The company has a current ratio of 7.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.35.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, October 22nd. The construction company reported $2.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.18. Taylor Morrison Home had a net margin of 10.16% and a return on equity of 15.23%. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the prior year, the company posted $2.40 earnings per share. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. Equities research analysts expect that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

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.