On September 19, 2023, it was reported that BTC Capital Management Inc. had recently acquired a new position in shares of Taylor Morrison Home Co. (NYSE: TMHC). The purchase took place during the second quarter and was disclosed in the company’s most recent 13F filing with the Securities and Exchange Commission (SEC). BTC Capital Management Inc. purchased approximately $283,000 worth of the construction company’s stock, totaling 5,800 shares.
Trading on the New York Stock Exchange (NYSE) under the ticker symbol TMHC, shares of Taylor Morrison Home Co. opened at $44.98 on Tuesday. The company currently holds a market capitalization of $4.92 billion. With a price-to-earnings ratio of 4.95 and a beta value of 1.75, investors can assess its relative volatility compared to the overall market.
Taylor Morrison Home Co. has demonstrated stable financial health with a current ratio of 6.13 and a quick ratio of 1.49, indicating its ability to meet short-term obligations efficiently. The debt-to-equity ratio stands at 0.47, suggesting a balanced proportion between borrowed funds and shareholders’ equity.
Over the past year, Taylor Morrison Home Co.’s stock has experienced fluctuations within a range spanning from its lowest point at $22.64 to its highest point at $52.09 per share.
Analyzing the stock’s performance over time reveals that it has generally exhibited an upward trend despite short-term fluctuations in price levels or volume traded.
The stock currently maintains a 50-day moving average of $47.67 and a longer-term 200-day moving average of $43.86.
BTC Capital Management Inc.’s recent acquisition signals their confidence in Taylor Morrison Home Co.’s future prospects within the construction industry sector.
Investors and analysts interested in further exploring this investment opportunity may find it beneficial to conduct a comprehensive analysis of Taylor Morrison Home Co.’s financial statements, market positioning, and future growth prospects. Understanding the competitive landscape and overall industry dynamics can also provide valuable insights.
As with any investment, it is important to consider individual risk tolerance and financial goals before making any significant decisions. Consulting with a certified financial advisor or conducting thorough research can assist investors in making informed investment choices.
This article serves as an overview of the recent purchase made by BTC Capital Management Inc., providing some key details about Taylor Morrison Home Co.’s stock performance and financial indicators. It is advisable to seek additional information and professional advice for a more comprehensive understanding of this investment opportunity.
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Updated on: 19/09/2023
Weak 
Debt to equity ratio: Neutral 
Institutional Investors Increase Holdings in Taylor Morrison Home as CEO Sells Significant Stake
In recent news, several institutional investors have made changes to their positions in Taylor Morrison Home (NYSE:TMHC). Lazard Asset Management LLC acquired a new stake in the company during the first quarter, with an approximate worth of $44,000. Meanwhile, CWM LLC raised its position by 39.0% during the same period and now owns 1,653 shares valued at $63,000. Quantbot Technologies LP also bought a new position in Taylor Morrison Home with a value of approximately $77,000.
Furthermore, Covestor Ltd raised its position by 100.5% during the first quarter and now holds 3,072 shares worth $84,000. Lastly, Point72 Hong Kong Ltd entered the picture during the second quarter by acquiring a new position valued at around $108,000. It is worth noting that currently 95.32% of Taylor Morrison Home’s stock is owned by institutional investors and hedge funds.
In other developments related to Taylor Morrison Home, CEO Sheryl Palmer recently sold 112,500 shares of the company’s stock on September 12th for an average price of $46.01 per share. The total transaction amount came out to be approximately $5,176,125. Following this sale, Palmer now holds 399,942 shares valued at $18,401,…
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