New York State Teachers Retirement System Sells 550 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

New York State Teachers Retirement System lowered its stake in Taylor Morrison Home Co. (NYSE:TMHC) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 93,894 shares of the construction company’s stock after selling 550 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of Taylor Morrison Home worth $5,009,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. XTX Topco Ltd raised its holdings in shares of Taylor Morrison Home by 2.2% in the 2nd quarter. XTX Topco Ltd now owns 10,590 shares of the construction company’s stock valued at $516,000 after acquiring an additional 224 shares in the last quarter. Creative Planning raised its holdings in shares of Taylor Morrison Home by 2.0% in the 3rd quarter. Creative Planning now owns 11,710 shares of the construction company’s stock valued at $499,000 after acquiring an additional 233 shares in the last quarter. BTC Capital Management Inc. raised its holdings in shares of Taylor Morrison Home by 5.0% in the 3rd quarter. BTC Capital Management Inc. now owns 6,091 shares of the construction company’s stock valued at $260,000 after acquiring an additional 291 shares in the last quarter. Tectonic Advisors LLC raised its holdings in shares of Taylor Morrison Home by 1.1% in the 4th quarter. Tectonic Advisors LLC now owns 27,533 shares of the construction company’s stock valued at $1,469,000 after acquiring an additional 296 shares in the last quarter. Finally, Diversified Trust Co raised its holdings in shares of Taylor Morrison Home by 4.2% in the 4th quarter. Diversified Trust Co now owns 7,681 shares of the construction company’s stock valued at $410,000 after acquiring an additional 307 shares in the last quarter. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Price Performance

TMHC opened at $56.79 on Friday. The stock’s 50 day simple moving average is $57.24 and its 200 day simple moving average is $50.43. The company has a debt-to-equity ratio of 0.38, a current ratio of 6.00 and a quick ratio of 1.13. Taylor Morrison Home Co. has a 1 year low of $37.23 and a 1 year high of $62.64. The firm has a market cap of $6.04 billion, a price-to-earnings ratio of 8.14 and a beta of 1.87.

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

Insider Transactions at Taylor Morrison Home

In other news, CAO Joseph Terracciano sold 724 shares of Taylor Morrison Home stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $55.87, for a total value of $40,449.88. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CAO Joseph Terracciano sold 724 shares of Taylor Morrison Home stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $55.87, for a total value of $40,449.88. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director William H. Lyon sold 164,000 shares of Taylor Morrison Home stock in a transaction that occurred 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 completion of the sale, the director now owns 43,570 shares in the company, valued at $2,628,578.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 613,537 shares of company stock worth $36,409,767. 5.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TMHC has been the topic of a number of research reports. Royal Bank of Canada raised their price objective on Taylor Morrison Home from $57.00 to $61.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Seaport Res Ptn cut Taylor Morrison Home from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Wedbush reissued a “neutral” rating and set a $52.00 price objective on shares of Taylor Morrison Home in a report on Monday, December 18th. StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Finally, Zelman & Associates raised Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a report on Friday. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Taylor Morrison Home presently has a consensus rating of “Hold” and a consensus price target 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.