Kendall Capital Management Takes $1.34 Million Position in Taylor Morrison Home Corporation $TMHC

Kendall Capital Management purchased a new stake in Taylor Morrison Home Corporation (NYSE:TMHC) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 18,645 shares of the construction company’s stock, valued at approximately $1,338,000.

Several other hedge funds have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its position in Taylor Morrison Home by 30.7% in the second 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. Verdence Capital Advisors LLC lifted its position in Taylor Morrison Home by 3.3% during the 4th quarter. Verdence Capital Advisors LLC now owns 6,795 shares of the construction company’s stock valued at $400,000 after purchasing an additional 220 shares during the period. Paulson Wealth Management Inc. lifted its position in Taylor Morrison Home by 5.2% during the 4th quarter. Paulson Wealth Management Inc. now owns 4,811 shares of the construction company’s stock valued at $283,000 after purchasing an additional 238 shares during the period. Root Financial Partners LLC boosted its stake in shares of Taylor Morrison Home by 65.7% in the 1st quarter. Root Financial Partners LLC now owns 638 shares of the construction company’s stock valued at $37,000 after purchasing an additional 253 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Taylor Morrison Home by 39.8% in the 4th quarter. Farther Finance Advisors LLC now owns 941 shares of the construction company’s stock valued at $55,000 after purchasing an additional 268 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. 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. Truist Financial cut their price target on Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating on the stock in a research note on Monday, June 1st. Citigroup lowered Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research report on Monday, June 1st. Weiss Ratings restated a “hold (c)” rating on shares of Taylor Morrison Home in a research report on Tuesday, July 21st. Finally, Barclays reaffirmed an “equal weight” rating and set a $73.00 price objective (up from $69.00) on shares of Taylor Morrison Home in a research note on Tuesday, July 14th. Two research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $77.43.

Taylor Morrison Home Price Performance

Shares of Taylor Morrison Home stock opened at $72.45 on Friday. The business’s 50 day simple moving average is $72.14 and its 200 day simple moving average is $65.69. Taylor Morrison Home Corporation has a 52-week low of $54.15 and a 52-week high of $72.50. The firm has a market cap of $6.77 billion, a PE ratio of 10.81, a P/E/G ratio of 1.70 and a beta of 1.44. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.45 and a current ratio of 7.66.

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.