Bridges Investment Management Inc. Grows Position in Taylor Morrison Home Corporation $TMHC

Bridges Investment Management Inc. boosted its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 36.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,480 shares of the construction company’s stock after buying an additional 13,239 shares during the period. Bridges Investment Management Inc.’s holdings in Taylor Morrison Home were worth $3,266,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Norges Bank purchased a new position in shares of Taylor Morrison Home during the second quarter worth approximately $93,627,000. Long Pond Capital LP boosted its stake in Taylor Morrison Home by 132.4% during the 2nd quarter. Long Pond Capital LP now owns 1,561,586 shares of the construction company’s stock worth $95,913,000 after purchasing an additional 889,616 shares during the period. AQR Capital Management LLC grew its position in Taylor Morrison Home by 118.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,273,418 shares of the construction company’s stock worth $77,933,000 after purchasing an additional 689,286 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in Taylor Morrison Home during the 3rd quarter worth $38,189,000. Finally, Balyasny Asset Management L.P. increased its stake in Taylor Morrison Home by 40.4% in the second quarter. Balyasny Asset Management L.P. now owns 784,419 shares of the construction company’s stock valued at $48,179,000 after purchasing an additional 225,625 shares during the period. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Up 1.1%

Taylor Morrison Home stock opened at $61.65 on Tuesday. The stock’s 50 day moving average price is $61.63 and its 200 day moving average price is $63.19. Taylor Morrison Home Corporation has a 1-year low of $51.90 and a 1-year high of $72.50. The company has a market cap of $6.02 billion, a PE ratio of 7.43 and a beta of 1.59. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.02 and a quick ratio of 1.02.

Analyst Ratings Changes

TMHC has been the topic of several recent research reports. Wedbush restated an “outperform” rating and issued a $85.00 price target on shares of Taylor Morrison Home in a research report on Thursday, October 23rd. Zacks Research lowered Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Royal Bank Of Canada restated an “outperform” rating and set a $62.00 price target on shares of Taylor Morrison Home in a research note on Friday, January 9th. Barclays reiterated an “overweight” rating and issued a $71.00 price objective on shares of Taylor Morrison Home in a research report on Monday, December 8th. Finally, Citizens Jmp assumed coverage on shares of Taylor Morrison Home in a research note on Wednesday, January 7th. They issued a “market outperform” rating and a $95.00 price objective on the stock. Eight analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $77.14.

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.