Hudson Edge Investment Partners Inc. Invests $872,000 in Taylor Morrison Home Corporation $TMHC

Hudson Edge Investment Partners Inc. acquired a new position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 14,813 shares of the construction company’s stock, valued at approximately $872,000.

Other hedge funds have also made changes to their positions in the company. AlphaQuest LLC boosted its holdings in shares of Taylor Morrison Home by 97.3% during the third quarter. AlphaQuest LLC now owns 38,734 shares of the construction company’s stock worth $2,557,000 after purchasing an additional 19,098 shares during the last quarter. Penn Capital Management Company LLC acquired a new stake in shares of Taylor Morrison Home during the third quarter worth $13,201,000. Nordea Investment Management AB boosted its holdings in shares of Taylor Morrison Home by 10.0% during the third quarter. Nordea Investment Management AB now owns 193,249 shares of the construction company’s stock worth $12,689,000 after purchasing an additional 17,595 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in shares of Taylor Morrison Home in the 3rd quarter valued at $2,088,000. Finally, Pacer Advisors Inc. acquired a new position in shares of Taylor Morrison Home in the 3rd quarter valued at $1,357,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on TMHC shares. Barclays decreased their price target on shares of Taylor Morrison Home from $70.00 to $68.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Truist Financial decreased their price target on shares of Taylor Morrison Home from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday. Citigroup started coverage on shares of Taylor Morrison Home in a report on Wednesday, January 7th. They issued an “outperform” rating on the stock. Seaport Research Partners reiterated a “sell” rating and issued a $49.00 price target (down from $85.00) on shares of Taylor Morrison Home in a report on Tuesday, April 7th. Finally, Royal Bank Of Canada lifted their price target on shares of Taylor Morrison Home from $62.00 to $68.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $77.67.

Taylor Morrison Home Trading Down 0.0%

Shares of TMHC stock opened at $60.62 on Monday. The stock has a market cap of $5.84 billion, a price-to-earnings ratio of 7.81, a price-to-earnings-growth ratio of 8.46 and a beta of 1.58. The company has a quick ratio of 1.55, a current ratio of 7.31 and a debt-to-equity ratio of 0.36. Taylor Morrison Home Corporation has a fifty-two week low of $54.58 and a fifty-two week high of $72.50. The firm’s 50 day moving average price is $61.66 and its two-hundred day moving average price is $61.51.

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.