New York State Common Retirement Fund Raises Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

New York State Common Retirement Fund boosted its holdings in Taylor Morrison Home Co. (NYSE:TMHC) by 49.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 331,552 shares of the construction company’s stock after purchasing an additional 109,196 shares during the period. New York State Common Retirement Fund owned about 0.31% of Taylor Morrison Home worth $17,688,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Foster & Motley Inc. boosted its holdings in Taylor Morrison Home by 194.5% in the fourth quarter. Foster & Motley Inc. now owns 20,918 shares of the construction company’s stock valued at $1,116,000 after purchasing an additional 13,816 shares during the last quarter. CWM LLC lifted its holdings in Taylor Morrison Home by 17.2% during the 4th quarter. CWM LLC now owns 1,804 shares of the construction company’s stock worth $96,000 after buying an additional 265 shares during the last quarter. Resonant Capital Advisors LLC lifted its holdings in Taylor Morrison Home by 3.6% during the 4th quarter. Resonant Capital Advisors LLC now owns 8,135 shares of the construction company’s stock worth $434,000 after buying an additional 285 shares during the last quarter. AIA Group Ltd bought a new position in Taylor Morrison Home during the 4th quarter worth approximately $207,000. Finally, Daiwa Securities Group Inc. bought a new position in Taylor Morrison Home during the 4th quarter worth approximately $48,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Insider Activity at Taylor Morrison Home

In related news, Director William H. Lyon sold 153,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $62.32, for a total value of $9,534,960.00. Following the sale, the director now directly owns 40,570 shares in the company, valued at approximately $2,528,322.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director William H. Lyon sold 153,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $62.32, for a total value of $9,534,960.00. Following the sale, the director now directly owns 40,570 shares in the company, valued at approximately $2,528,322.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Joseph Terracciano sold 724 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $55.87, for a total value of $40,449.88. The disclosure for this sale can be found here. Insiders have sold a total of 613,537 shares of company stock worth $36,409,767 in the last three months. 3.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TMHC has been the topic of a number of research analyst reports. Zelman & Associates raised Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a report on Friday, April 12th. StockNews.com downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Royal Bank of Canada increased their target price on Taylor Morrison Home from $57.00 to $61.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Seaport Res Ptn downgraded Taylor Morrison Home from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Finally, Barclays increased their price target on Taylor Morrison Home from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Taylor Morrison Home presently has a consensus rating of “Hold” and an average target price of $57.20.

Taylor Morrison Home Stock Up 2.3 %

Shares of Taylor Morrison Home stock opened at $57.56 on Monday. The company has a current ratio of 6.00, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. The business’s 50 day simple moving average is $57.49 and its 200-day simple moving average is $51.43. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of 8.25 and a beta of 1.87. Taylor Morrison Home Co. has a twelve month low of $37.23 and a twelve month high of $62.64.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, February 14th. The construction company reported $2.05 EPS for the quarter, beating the consensus estimate of $1.82 by $0.23. Taylor Morrison Home had a return on equity of 16.21% and a net margin of 10.37%. The firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same period last year, the firm earned $2.93 EPS. The firm’s revenue was down 19.0% compared to the same quarter last year. Equities research analysts forecast that Taylor Morrison Home Co. will post 7.29 earnings per share for the current year.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.