Vaughan Nelson Investment Management L.P. Buys 67,785 Shares of Taylor Morrison Home Corporation $TMHC

Vaughan Nelson Investment Management L.P. boosted its position in Taylor Morrison Home Corporation (NYSE:TMHC) by 10.4% during the 1st quarter, HoldingsChannel reports. The firm owned 716,925 shares of the construction company’s stock after purchasing an additional 67,785 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Taylor Morrison Home were worth $41,754,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TMHC. Miller Capital Partners Inc. purchased a new position in shares of Taylor Morrison Home during the 4th quarter worth $27,000. Pinnacle Holdings LLC purchased a new stake in shares of Taylor Morrison Home in the 3rd quarter worth $32,000. Brown Brothers Harriman & Co. bought a new position in Taylor Morrison Home in the 4th quarter worth $33,000. Huntington National Bank lifted its position in Taylor Morrison Home by 2,074.1% during the third quarter. Huntington National Bank now owns 587 shares of the construction company’s stock valued at $39,000 after purchasing an additional 560 shares in the last quarter. Finally, V Square Quantitative Management LLC bought a new stake in Taylor Morrison Home during the fourth quarter valued at about $40,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on TMHC shares. Truist Financial reduced their price target on Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating for the company in a research report on Monday, June 1st. Weiss Ratings cut shares of Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Seaport Research Partners reissued a “sell” rating and issued a $49.00 price objective (down from $85.00) on shares of Taylor Morrison Home in a research note on Tuesday, April 7th. Wolfe Research cut shares of Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, June 10th. Finally, Barclays boosted their target price on shares of Taylor Morrison Home from $68.00 to $69.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $76.86.

Taylor Morrison Home Trading Down 0.0%

NYSE TMHC opened at $71.58 on Monday. Taylor Morrison Home Corporation has a one year low of $54.15 and a one year high of $72.50. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.45 and a current ratio of 7.66. The company has a market capitalization of $6.69 billion, a price-to-earnings ratio of 10.68, a price-to-earnings-growth ratio of 1.65 and a beta of 1.47. The company’s 50-day simple moving average is $63.14 and its two-hundred day simple moving average is $62.32.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, April 22nd. The construction company reported $1.12 EPS for the quarter, beating the consensus estimate of $0.82 by $0.30. Taylor Morrison Home had a return on equity of 11.48% and a net margin of 8.77%.The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the business posted $2.07 EPS. The business’s revenue for the quarter was down 26.8% compared to the same quarter last year. Equities analysts forecast that Taylor Morrison Home Corporation will post 5.36 EPS for the current fiscal year.

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.