Pacer Advisors Inc. Buys 364,391 Shares of Taylor Morrison Home Corporation $TMHC

Pacer Advisors Inc. lifted its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 1,772.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 384,952 shares of the construction company’s stock after buying an additional 364,391 shares during the period. Pacer Advisors Inc. owned about 0.39% of Taylor Morrison Home worth $22,662,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP increased its position in Taylor Morrison Home by 14.9% in the 3rd quarter. Allworth Financial LP now owns 1,546 shares of the construction company’s stock valued at $102,000 after acquiring an additional 200 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Taylor Morrison Home by 4.5% in the third quarter. PNC Financial Services Group Inc. now owns 4,691 shares of the construction company’s stock valued at $310,000 after acquiring an additional 204 shares during the last quarter. Tectonic Advisors LLC boosted its holdings in Taylor Morrison Home by 0.7% in the fourth quarter. Tectonic Advisors LLC now owns 29,765 shares of the construction company’s stock valued at $1,752,000 after acquiring an additional 207 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Taylor Morrison Home by 30.7% during the second 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 period. Finally, Verdence Capital Advisors LLC grew its holdings 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 worth $400,000 after acquiring an additional 220 shares during the period. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Price Performance

NYSE TMHC opened at $71.58 on Friday. The firm’s 50-day simple moving average is $63.14 and its two-hundred day simple moving average is $62.33. The company has a market cap of $6.69 billion, a PE ratio of 10.68, a price-to-earnings-growth ratio of 1.65 and a beta of 1.47. Taylor Morrison Home Corporation has a 52 week low of $54.15 and a 52 week high of $72.50. The company has a quick ratio of 1.45, a current ratio of 7.66 and a debt-to-equity ratio of 0.37.

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

Analysts Set New Price Targets

Several analysts have recently weighed in on TMHC shares. Barclays lifted their price objective on shares of Taylor Morrison Home from $68.00 to $69.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Zacks Research raised Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 22nd. Citigroup lowered Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a report on Monday, June 1st. Bank of America cut their target price on Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th. Finally, Seaport Research Partners reiterated a “sell” rating and issued a $49.00 target price (down from $85.00) on shares of Taylor Morrison Home in a research note on Tuesday, April 7th. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $76.86.

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.