Segall Bryant & Hamill LLC Decreases Holdings in Taylor Morrison Home Corporation $TMHC

Segall Bryant & Hamill LLC trimmed its position in Taylor Morrison Home Corporation (NYSE:TMHC) by 39.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,905 shares of the construction company’s stock after selling 25,483 shares during the period. Segall Bryant & Hamill LLC’s holdings in Taylor Morrison Home were worth $2,266,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position 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 in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in 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 buying an additional 211 shares during the last quarter. M&T Bank Corp acquired a new position in Taylor Morrison Home during the 2nd quarter valued at 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 valued at $55,000 after buying an additional 720 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in Taylor Morrison Home by 12.0% in the second quarter. Marshall Wace LLP now owns 8,029 shares of the construction company’s stock valued at $493,000 after buying an additional 859 shares during the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Taylor Morrison Home in a report on Tuesday, July 21st. Citizens Jmp downgraded shares of Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a report on Monday, June 1st. 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 report on Monday, June 1st. Raymond James Financial cut shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research note on Friday, June 26th. Finally, Royal Bank Of Canada downgraded shares of Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from $69.00 to $72.50 in a research report on Tuesday, June 2nd. Two research 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 has a consensus rating of “Hold” and a consensus target price of $77.43.

Taylor Morrison Home Price Performance

NYSE:TMHC opened at $72.45 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 7.66 and a quick ratio of 1.45. The company’s fifty day moving average price is $71.16 and its 200-day moving average price is $64.80. Taylor Morrison Home Corporation has a 1-year low of $54.15 and a 1-year high of $72.50. The firm has a market capitalization of $6.77 billion, a P/E ratio of 10.81, a PEG ratio of 1.70 and a beta of 1.44.

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.