Canvas Wealth Advisors LLC Purchases New Holdings in Taylor Morrison Home Corporation $TMHC

Canvas Wealth Advisors LLC purchased a new position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 8,016 shares of the construction company’s stock, valued at approximately $575,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Assetmark Inc. raised its stake in shares of Taylor Morrison Home by 2.7% during the 4th quarter. Assetmark Inc. now owns 797,997 shares of the construction company’s stock worth $46,978,000 after purchasing an additional 21,150 shares during the period. M&T Bank Corp grew its position in Taylor Morrison Home by 28,246.3% during the fourth quarter. M&T Bank Corp now owns 1,058,169 shares of the construction company’s stock valued at $62,294,000 after buying an additional 1,054,436 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Taylor Morrison Home during the fourth quarter valued at about $624,000. Vaughan Nelson Investment Management L.P. increased its holdings in Taylor Morrison Home by 10.4% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 716,925 shares of the construction company’s stock worth $41,754,000 after buying an additional 67,785 shares during the last quarter. Finally, Landscape Capital Management L.L.C. increased its holdings in Taylor Morrison Home by 95.0% during the fourth quarter. Landscape Capital Management L.L.C. now owns 26,103 shares of the construction company’s stock worth $1,537,000 after buying an additional 12,715 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Price Performance

TMHC opened at $72.45 on Wednesday. Taylor Morrison Home Corporation has a 12 month low of $54.15 and a 12 month high of $72.50. The company has a market cap of $6.77 billion, a PE ratio of 10.81, a price-to-earnings-growth ratio of 1.70 and a beta of 1.44. The company has a current ratio of 7.66, a quick ratio of 1.45 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average of $72.01 and a 200 day moving average of $65.12.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Citigroup cut shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research note on Monday, June 1st. Wolfe Research lowered shares of Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, June 10th. 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. Citizens Jmp downgraded Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a research note on Monday, June 1st. Finally, Truist Financial reduced their price objective on Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating for the company in a report on Monday, June 1st. Two research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $77.43.

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.