Vise Technologies Inc. Makes New $994,000 Investment in Taylor Morrison Home Corporation $TMHC

Vise Technologies Inc. purchased a new position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 13,849 shares of the construction company’s stock, valued at approximately $994,000.

Several other hedge funds have also recently modified their holdings of TMHC. Miller Capital Partners Inc. purchased a new position in shares of Taylor Morrison Home in the 4th quarter valued at approximately $27,000. Brown Brothers Harriman & Co. purchased a new stake in Taylor Morrison Home during the 4th quarter worth approximately $33,000. Root Financial Partners LLC increased its stake in Taylor Morrison Home by 65.7% during the 1st quarter. Root Financial Partners LLC now owns 638 shares of the construction company’s stock valued at $37,000 after purchasing an additional 253 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Taylor Morrison Home during the 4th quarter valued at approximately $45,000. Finally, Pinnacle Holdings LLC raised its holdings in shares of Taylor Morrison Home by 62.1% in the fourth quarter. Pinnacle Holdings LLC now owns 783 shares of the construction company’s stock worth $46,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on TMHC shares. Truist Financial dropped their price objective on shares of Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating on the stock in a report on Monday, June 1st. Weiss Ratings restated a “hold (c)” rating on shares of Taylor Morrison Home in a research note on Tuesday, July 21st. Wolfe Research cut Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, June 10th. Royal Bank Of Canada downgraded Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from $69.00 to $72.50 in a research note on Tuesday, June 2nd. Finally, Barclays restated an “equal weight” rating and issued a $73.00 price objective (up from $69.00) on shares of Taylor Morrison Home in a research note on Tuesday, July 14th. Two investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $77.43.

Taylor Morrison Home Stock Performance

NYSE TMHC opened at $72.45 on Friday. The company has a market capitalization of $6.77 billion, a PE ratio of 10.81, a P/E/G ratio of 1.70 and a beta of 1.44. The company has a fifty day moving average of $72.14 and a 200 day moving average of $65.69. Taylor Morrison Home Corporation has a 1 year low of $54.15 and a 1 year high of $72.50. The company has a debt-to-equity ratio of 0.37, a current ratio of 7.66 and a quick ratio of 1.45.

About Taylor Morrison Home

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.