Hodges Capital Management Inc. Has $14.92 Million Stake in Taylor Morrison Home Corporation $TMHC

Hodges Capital Management Inc. raised its position in Taylor Morrison Home Corporation (NYSE:TMHC) by 11.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 226,080 shares of the construction company’s stock after acquiring an additional 22,567 shares during the period. Taylor Morrison Home comprises 1.3% of Hodges Capital Management Inc.’s portfolio, making the stock its 22nd biggest position. Hodges Capital Management Inc.’s holdings in Taylor Morrison Home were worth $14,924,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Rothschild Investment LLC boosted its position in Taylor Morrison Home by 263.2% during the third quarter. Rothschild Investment LLC now owns 799 shares of the construction company’s stock valued at $53,000 after purchasing an additional 579 shares during the last quarter. denkapparat Operations GmbH boosted its position in Taylor Morrison Home by 63.4% during the third quarter. denkapparat Operations GmbH now owns 6,722 shares of the construction company’s stock worth $444,000 after purchasing an additional 2,608 shares during the period. JPMorgan Chase & Co. raised its position in shares of Taylor Morrison Home by 39.1% in the third quarter. JPMorgan Chase & Co. now owns 777,353 shares of the construction company’s stock valued at $51,313,000 after purchasing an additional 218,514 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Taylor Morrison Home by 4.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,691 shares of the construction company’s stock worth $310,000 after buying an additional 204 shares during the last quarter. Finally, BTC Capital Management Inc. boosted its holdings in shares of Taylor Morrison Home by 7.4% during the third quarter. BTC Capital Management Inc. now owns 6,610 shares of the construction company’s stock worth $436,000 after acquiring an additional 458 shares during the period. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TMHC shares. Bank of America restated a “neutral” rating and issued a $70.00 price target (up from $68.00) on shares of Taylor Morrison Home in a research note on Friday, January 16th. Wedbush reissued an “outperform” rating and issued a $85.00 target price on shares of Taylor Morrison Home in a research report on Thursday, October 23rd. Citizens Jmp initiated coverage on shares of Taylor Morrison Home in a research note on Wednesday, January 7th. They issued a “market outperform” rating and a $95.00 price target on the stock. Citigroup started coverage on shares of Taylor Morrison Home in a research note on Wednesday, January 7th. They issued an “outperform” rating for the company. Finally, Zacks Research lowered shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. Seven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $77.17.

Taylor Morrison Home Stock Performance

Shares of Taylor Morrison Home stock opened at $68.14 on Wednesday. The company has a current ratio of 7.31, a quick ratio of 1.55 and a debt-to-equity ratio of 0.36. The company has a market cap of $6.66 billion, a PE ratio of 8.78, a price-to-earnings-growth ratio of 8.55 and a beta of 1.59. The company has a 50 day moving average of $62.39 and a 200-day moving average of $63.53. Taylor Morrison Home Corporation has a 1-year low of $51.90 and a 1-year high of $72.50.

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.