Pacer Advisors Inc. Buys New Position in Taylor Morrison Home Corporation $TMHC

Pacer Advisors Inc. purchased a new stake in Taylor Morrison Home Corporation (NYSE:TMHC) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 20,561 shares of the construction company’s stock, valued at approximately $1,357,000.

A number of other hedge funds have also added to or reduced their stakes in TMHC. Hantz Financial Services Inc. raised its holdings in Taylor Morrison Home by 1.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 12,341 shares of the construction company’s stock worth $758,000 after purchasing an additional 165 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in Taylor Morrison Home by 13.0% in the second quarter. Parkside Financial Bank & Trust now owns 1,654 shares of the construction company’s stock worth $102,000 after buying an additional 190 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Taylor Morrison Home by 2.2% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,400 shares of the construction company’s stock worth $577,000 after buying an additional 200 shares during the period. Parallel Advisors LLC lifted its holdings in Taylor Morrison Home by 29.9% in the second quarter. Parallel Advisors LLC now owns 882 shares of the construction company’s stock worth $54,000 after buying an additional 203 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position 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 valued at $55,000 after acquiring an additional 211 shares in the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TMHC shares. Bank of America decreased their target price on Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating for the company in a research report on Friday, October 10th. Wedbush reissued an “outperform” rating and set a $85.00 price objective on shares of Taylor Morrison Home in a research report on Thursday, October 23rd. Royal Bank Of Canada dropped their target price on shares of Taylor Morrison Home from $75.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, October 23rd. Zacks Research upgraded shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 23rd. Finally, Barclays reissued an “overweight” rating and set a $71.00 price target on shares of Taylor Morrison Home in a research report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Taylor Morrison Home presently has a consensus rating of “Buy” and a consensus price target of $75.57.

Taylor Morrison Home Trading Down 0.5%

NYSE TMHC opened at $58.86 on Friday. Taylor Morrison Home Corporation has a 12 month low of $51.90 and a 12 month high of $72.50. The company has a current ratio of 7.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.35. The stock’s fifty day moving average price is $60.38 and its 200-day moving average price is $63.14. The stock has a market cap of $5.75 billion, a P/E ratio of 7.09 and a beta of 1.59.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings results on Wednesday, October 22nd. The construction company reported $2.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.18. Taylor Morrison Home had a net margin of 10.16% and a return on equity of 15.23%. The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the previous year, the business posted $2.40 EPS. Taylor Morrison Home’s revenue was down 1.2% compared to the same quarter last year. As a group, equities analysts forecast that Taylor Morrison Home Corporation will post 8.93 EPS for the current fiscal year.

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.