Taylor Morrison Home Corporation $TMHC Position Increased by California Public Employees Retirement System

California Public Employees Retirement System grew its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 5.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 193,529 shares of the construction company’s stock after purchasing an additional 10,415 shares during the period. California Public Employees Retirement System’s holdings in Taylor Morrison Home were worth $11,271,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TMHC. Bessemer Group Inc. raised its stake in Taylor Morrison Home by 98.7% during the first quarter. Bessemer Group Inc. now owns 900 shares of the construction company’s stock worth $52,000 after acquiring an additional 447 shares during the period. State of Michigan Retirement System lifted its holdings in Taylor Morrison Home by 1.7% in the first quarter. State of Michigan Retirement System now owns 23,495 shares of the construction company’s stock worth $1,368,000 after acquiring an additional 400 shares during the last quarter. Citizens Financial Group Inc. RI acquired a new position in Taylor Morrison Home in the first quarter valued at approximately $210,000. Fifth Third Bancorp grew its holdings in shares of Taylor Morrison Home by 2,914.8% during the first quarter. Fifth Third Bancorp now owns 25,053 shares of the construction company’s stock valued at $1,459,000 after purchasing an additional 24,222 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of Taylor Morrison Home by 14.5% during the first quarter. Sequoia Financial Advisors LLC now owns 19,313 shares of the construction company’s stock valued at $1,125,000 after purchasing an additional 2,451 shares during the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Price Performance

Shares of TMHC stock opened at $72.45 on Friday. 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 quick ratio of 1.45 and a current ratio of 7.66. The business’s fifty day moving average is $69.04 and its 200-day moving average is $64.27. The stock has a market cap of $6.77 billion, a PE ratio of 10.81, a price-to-earnings-growth ratio of 1.70 and a beta of 1.44.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.30. Taylor Morrison Home had a return on equity of 11.48% and a net margin of 8.77%.The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the firm posted $2.07 earnings per share. The company’s revenue was down 26.8% on a year-over-year basis. Equities analysts expect that Taylor Morrison Home Corporation will post 5.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TMHC shares. Barclays restated an “equal weight” rating and set a $73.00 price objective (up from $69.00) on shares of Taylor Morrison Home in a research report on Tuesday, July 14th. Zacks Research raised Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 22nd. Seaport Research Partners reiterated a “sell” rating and issued a $49.00 target price (down from $85.00) on shares of Taylor Morrison Home in a research note on Tuesday, April 7th. Royal Bank Of Canada downgraded shares of 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 report on Tuesday, June 2nd. Finally, Citizens Jmp lowered shares of Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a research report on Monday, June 1st. Two 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, Taylor Morrison Home currently has an average rating of “Hold” and an average price target of $77.43.

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.