Pacer Advisors Inc. Has $31.98 Million Position in Taylor Morrison Home Corporation $TMHC

Pacer Advisors Inc. lifted its stake in Taylor Morrison Home Corporation (NYSE:TMHC) by 42.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 549,111 shares of the construction company’s stock after buying an additional 164,159 shares during the period. Pacer Advisors Inc.’s holdings in Taylor Morrison Home were worth $31,980,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Miller Capital Partners Inc. bought a new position in Taylor Morrison Home during the fourth quarter valued at about $27,000. Brown Brothers Harriman & Co. bought a new stake in shares of Taylor Morrison Home in the 4th quarter worth approximately $33,000. Root Financial Partners LLC lifted its position 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 worth $37,000 after acquiring an additional 253 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of Taylor Morrison Home during the 4th quarter worth approximately $40,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Taylor Morrison Home during the 4th quarter worth approximately $45,000. 95.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TMHC has been the topic of a number of research reports. Seaport Research Partners restated a “sell” rating and set a $49.00 price objective (down from $85.00) on shares of Taylor Morrison Home in a research report on Tuesday, April 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Taylor Morrison Home in a research report on Tuesday, July 21st. Citigroup downgraded shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research note on Monday, June 1st. Bank of America lowered their price target on shares of Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Finally, Zacks Research upgraded shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 22nd. Two research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $77.43.

Taylor Morrison Home Stock Performance

Taylor Morrison Home stock opened at $72.45 on Tuesday. 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 stock has a fifty day moving average price of $70.88 and a two-hundred day moving average price of $64.74. 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 capitalization of $6.77 billion, a P/E ratio of 10.81, a P/E/G ratio of 1.70 and a beta of 1.44.

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.