Pacer Advisors Inc. Acquires 164,159 Shares of Taylor Morrison Home Corporation $TMHC

Pacer Advisors Inc. raised its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 42.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 549,111 shares of the construction company’s stock after buying an additional 164,159 shares during the period. Pacer Advisors Inc. owned 0.59% of Taylor Morrison Home worth $31,980,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. SG Americas Securities LLC boosted its position in Taylor Morrison Home by 521.5% during the fourth quarter. SG Americas Securities LLC now owns 21,590 shares of the construction company’s stock worth $1,271,000 after purchasing an additional 18,116 shares during the period. Assetmark Inc. grew its holdings in Taylor Morrison Home by 2.7% during the fourth quarter. Assetmark Inc. now owns 797,997 shares of the construction company’s stock valued at $46,978,000 after purchasing an additional 21,150 shares during the last quarter. M&T Bank Corp raised its position in shares of Taylor Morrison Home by 28,246.3% in 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 purchasing an additional 1,054,436 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Taylor Morrison Home in the fourth quarter valued at approximately $624,000. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in shares of Taylor Morrison Home by 10.4% in 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. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Price Performance

TMHC opened at $72.45 on Tuesday. Taylor Morrison Home Corporation has a 1-year low of $54.15 and a 1-year high of $72.50. 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 stock has a market capitalization of $6.77 billion, a price-to-earnings ratio of 10.81, a P/E/G ratio of 1.70 and a beta of 1.44. The business has a 50 day moving average of $70.88 and a 200-day moving average of $64.74.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TMHC shares. Truist Financial decreased their price objective on shares of Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating for the company in a report on Monday, June 1st. Raymond James Financial downgraded shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a report on Friday, June 26th. Wolfe Research lowered shares of Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, June 10th. Weiss Ratings restated a “hold (c)” rating on shares of Taylor Morrison Home in a report on Tuesday, July 21st. Finally, Zacks Research raised Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 22nd. Two investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target 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.