Pacer Advisors Inc. Acquires New Shares in Taylor Morrison Home Corporation $TMHC

Pacer Advisors Inc. bought a new stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) during the 3rd quarter, HoldingsChannel reports. The firm bought 20,561 shares of the construction company’s stock, valued at approximately $1,357,000.

Several other hedge funds have also recently modified their holdings of TMHC. Hantz Financial Services Inc. boosted its position in shares of Taylor Morrison Home by 1.4% during the second quarter. Hantz Financial Services Inc. now owns 12,341 shares of the construction company’s stock valued at $758,000 after buying an additional 165 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in Taylor Morrison Home by 13.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,654 shares of the construction company’s stock valued at $102,000 after acquiring an additional 190 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in Taylor Morrison Home by 2.2% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,400 shares of the construction company’s stock valued at $577,000 after acquiring an additional 200 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Taylor Morrison Home by 29.9% during the 2nd quarter. Parallel Advisors LLC now owns 882 shares of the construction company’s stock valued at $54,000 after acquiring an additional 203 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Taylor Morrison Home by 30.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 899 shares of the construction company’s stock worth $55,000 after acquiring an additional 211 shares during the period. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Analysts Set New Price Targets

TMHC has been the topic of a number of research analyst reports. Bank of America lowered their price objective on shares of Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. Barclays reissued an “overweight” rating and set a $71.00 price target on shares of Taylor Morrison Home in a report on Monday, December 8th. Wedbush reaffirmed an “outperform” rating and issued a $85.00 price objective on shares of Taylor Morrison Home in a report on Thursday, October 23rd. Zacks Research upgraded Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 23rd. Finally, Royal Bank Of Canada dropped their target price on Taylor Morrison Home from $75.00 to $68.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Taylor Morrison Home currently has an average rating of “Buy” and an average target price of $75.57.

Taylor Morrison Home Stock Down 0.5%

TMHC stock opened at $58.86 on Friday. The business’s 50-day moving average price is $60.38 and its 200-day moving average price is $63.14. The stock has a market cap of $5.75 billion, a P/E ratio of 7.09 and a beta of 1.59. The company has a quick ratio of 1.02, a current ratio of 7.02 and a debt-to-equity ratio of 0.35. Taylor Morrison Home Corporation has a twelve month low of $51.90 and a twelve month high of $72.50.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, October 22nd. The construction company reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.18. Taylor Morrison Home had a net margin of 10.16% and a return on equity of 15.23%. The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter last year, the business earned $2.40 EPS. The firm’s revenue was down 1.2% compared to the same quarter last year. On average, equities research analysts forecast that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

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.