Legato Capital Management LLC Invests $673,000 in Taylor Morrison Home Corporation $TMHC

Legato Capital Management LLC bought a new stake in Taylor Morrison Home Corporation (NYSE:TMHC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,200 shares of the construction company’s stock, valued at approximately $673,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Taylor Morrison Home by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 299,888 shares of the construction company’s stock valued at $18,005,000 after purchasing an additional 16,379 shares during the period. Envestnet Asset Management Inc. lifted its stake in Taylor Morrison Home by 11.7% in the second quarter. Envestnet Asset Management Inc. now owns 103,355 shares of the construction company’s stock valued at $6,348,000 after buying an additional 10,858 shares during the last quarter. Arkadios Wealth Advisors acquired a new stake in shares of Taylor Morrison Home in the second quarter valued at approximately $359,000. Atria Investments Inc boosted its holdings in shares of Taylor Morrison Home by 18.9% in the second quarter. Atria Investments Inc now owns 8,232 shares of the construction company’s stock valued at $506,000 after acquiring an additional 1,309 shares during the period. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of Taylor Morrison Home during the second quarter worth approximately $28,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Taylor Morrison Home Trading Up 0.1%

Shares of Taylor Morrison Home stock opened at $63.65 on Thursday. The firm has a market cap of $6.13 billion, a price-to-earnings ratio of 8.20, a price-to-earnings-growth ratio of 8.91 and a beta of 1.58. Taylor Morrison Home Corporation has a 52-week low of $51.90 and a 52-week high of $72.50. The company’s 50-day simple moving average is $63.50 and its 200-day simple moving average is $63.56. The company has a quick ratio of 1.55, a current ratio of 7.31 and a debt-to-equity ratio of 0.36.

Analyst Upgrades and Downgrades

Several analysts recently commented on TMHC shares. Citizens Jmp assumed coverage on shares of Taylor Morrison Home in a research report on Wednesday, January 7th. They issued a “market outperform” rating and a $95.00 price target for the company. Barclays reduced their target price on shares of Taylor Morrison Home from $71.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, February 12th. Weiss Ratings lowered Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 20th. Citigroup began coverage on Taylor Morrison Home in a research note on Wednesday, January 7th. They set an “outperform” rating for the company. Finally, Truist Financial began coverage on Taylor Morrison Home in a research report on Tuesday. They set a “buy” rating and a $85.00 price objective for the company. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Taylor Morrison Home has an average rating of “Moderate Buy” and an average target price of $78.29.

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.