Arizona State Retirement System Sells 448 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Arizona State Retirement System cut its position in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,066 shares of the construction company’s stock after selling 448 shares during the quarter. Arizona State Retirement System’s holdings in Taylor Morrison Home were worth $1,551,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TMHC. IFP Advisors Inc lifted its position in Taylor Morrison Home by 138.9% during the 3rd quarter. IFP Advisors Inc now owns 614 shares of the construction company’s stock worth $26,000 after buying an additional 357 shares in the last quarter. Lazard Asset Management LLC bought a new stake in Taylor Morrison Home during the first quarter worth about $44,000. Ronald Blue Trust Inc. boosted its position in Taylor Morrison Home by 3,911.1% during the third quarter. Ronald Blue Trust Inc. now owns 1,083 shares of the construction company’s stock valued at $46,000 after purchasing an additional 1,056 shares during the last quarter. Quantbot Technologies LP acquired a new position in Taylor Morrison Home during the first quarter valued at approximately $77,000. Finally, Covestor Ltd grew its stake in Taylor Morrison Home by 100.5% in the first quarter. Covestor Ltd now owns 3,072 shares of the construction company’s stock valued at $84,000 after purchasing an additional 1,540 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Insider Transactions at Taylor Morrison Home

In related news, Director William H. Lyon sold 153,000 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $62.32, for a total value of $9,534,960.00. Following the transaction, the director now directly owns 40,570 shares in the company, valued at $2,528,322.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director William H. Lyon sold 153,000 shares of Taylor Morrison Home stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $62.32, for a total value of $9,534,960.00. Following the completion of the sale, the director now directly owns 40,570 shares in the company, valued at $2,528,322.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director William H. Lyon sold 164,000 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $60.33, for a total value of $9,894,120.00. Following the transaction, the director now owns 43,570 shares in the company, valued at approximately $2,628,578.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 613,537 shares of company stock valued at $36,409,767. 5.50% of the stock is currently owned by corporate insiders.

Taylor Morrison Home Trading Down 0.1 %

Shares of TMHC stock opened at $56.79 on Friday. Taylor Morrison Home Co. has a 12-month low of $37.23 and a 12-month high of $62.64. The company has a market capitalization of $6.04 billion, a PE ratio of 8.14 and a beta of 1.87. The firm has a 50 day moving average price of $57.24 and a two-hundred day moving average price of $50.43. The company has a quick ratio of 1.13, a current ratio of 6.00 and a debt-to-equity ratio of 0.38.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, February 14th. The construction company reported $2.05 earnings per share for the quarter, topping 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 business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period last year, the firm posted $2.93 EPS. The firm’s revenue for the quarter was down 19.0% compared to the same quarter last year. As a group, analysts predict that Taylor Morrison Home Co. will post 7.29 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wedbush reissued a “neutral” rating and issued a $52.00 target price on shares of Taylor Morrison Home in a research note on Monday, December 18th. Zelman & Associates upgraded shares of Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research note on Friday. Seaport Res Ptn downgraded Taylor Morrison Home from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Barclays raised their price objective on Taylor Morrison Home from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, February 15th. Finally, StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Taylor Morrison Home currently has a consensus rating of “Hold” and an average target price of $57.20.

Taylor Morrison Home 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.