Vaughan Nelson Investment Management L.P. Increases Stock Holdings in Taylor Morrison Home Corporation $TMHC

Key Points

• Vaughan Nelson Investment Management increased its stake in Taylor Morrison by 12.2% in Q4, buying 70,600 shares to own 649,140 shares (about 0.66% of the company) valued at $38.22 million.
• Institutional ownership is very high at 95.16%, with several firms recently initiating or modestly expanding positions in TMHC.
• Analyst sentiment is a "Moderate Buy" with an average price target of $78.29 (consensus: 1 Strong Buy, 6 Buy, 2 Hold, 1 Sell), and recent individual targets as high as $95.00.

Vaughan Nelson Investment Management L.P. grew its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 12.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 649,140 shares of the construction company's stock after purchasing an additional 70,600 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 0.66% of Taylor Morrison Home worth $38,215,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. ORG Partners LLC bought a new stake in Taylor Morrison Home during the third quarter valued at approximately $26,000. Root Financial Partners LLC purchased a new position in shares of Taylor Morrison Home during the 3rd quarter worth $27,000. Pinnacle Holdings LLC bought a new stake in shares of Taylor Morrison Home during the 3rd quarter valued at $32,000. Huntington National Bank grew its position in shares of Taylor Morrison Home by 2,074.1% during the 3rd quarter. Huntington National Bank now owns 587 shares of the construction company's stock valued at $39,000 after acquiring an additional 560 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Taylor Morrison Home in the 3rd quarter worth $49,000. Institutional investors own 95.16% of the company's stock.

Taylor Morrison Home Trading Down 0.2%

Shares of TMHC stock opened at $57.21 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.55 and a current ratio of 7.31. The stock has a fifty day simple moving average of $62.83 and a two-hundred day simple moving average of $62.35. The firm has a market capitalization of $5.51 billion, a PE ratio of 7.37, a PEG ratio of 7.87 and a beta of 1.57. Taylor Morrison Home Corporation has a 52-week low of $51.90 and a 52-week high of $72.50.

Analysts Set New Price Targets

Several research firms recently weighed in on TMHC. Citizens Jmp began coverage on Taylor Morrison Home in a research report on Wednesday, January 7th. They set a "market outperform" rating and a $95.00 target price on the stock. Bank of America reaffirmed a "neutral" rating on shares of Taylor Morrison Home in a research note on Tuesday, March 3rd. Weiss Ratings cut Taylor Morrison Home from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, February 20th. 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. Finally, Truist Financial initiated coverage on shares of Taylor Morrison Home in a research note on Tuesday, March 3rd. They set a "buy" rating and a $85.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $78.29.

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.

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