Taylor Morrison Home Corporation $TMHC Shares Purchased by Lazard Asset Management LLC

Lazard Asset Management LLC raised its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 9.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 80,920 shares of the construction company’s stock after acquiring an additional 7,244 shares during the period. Lazard Asset Management LLC owned approximately 0.09% of Taylor Morrison Home worth $4,713,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Taylor Morrison Home by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 299,888 shares of the construction company’s stock worth $18,005,000 after purchasing an additional 16,379 shares during the period. Northwestern Mutual Wealth Management Co. grew 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 purchasing an additional 211 shares during the period. M&T Bank Corp purchased a new stake in shares of Taylor Morrison Home during the 2nd quarter worth about $262,000. EverSource Wealth Advisors LLC increased its position in Taylor Morrison Home by 406.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 897 shares of the construction company’s stock worth $55,000 after purchasing an additional 720 shares in the last quarter. Finally, Marshall Wace LLP increased its position in Taylor Morrison Home by 12.0% during the 2nd quarter. Marshall Wace LLP now owns 8,029 shares of the construction company’s stock worth $493,000 after purchasing an additional 859 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Citizens Jmp lowered shares of Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a report on Monday, June 1st. Raymond James Financial lowered shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research report on Friday, June 26th. Citigroup downgraded shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research note on Monday, June 1st. Zacks Research raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 22nd. Finally, Bank of America reduced their target price on shares of Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Two analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Taylor Morrison Home presently has an average rating of “Hold” and a consensus price target of $77.43.

Taylor Morrison Home Stock Performance

Shares of TMHC stock opened at $72.45 on Friday. The stock has a market capitalization of $6.77 billion, a price-to-earnings ratio of 10.81, a PEG ratio of 1.70 and a beta of 1.44. Taylor Morrison Home Corporation has a one year low of $54.15 and a one year high of $72.50. The company’s 50-day simple moving average is $70.59 and its 200-day simple moving average is $64.69. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.45 and a current ratio of 7.66.

About Taylor Morrison Home

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.