Strs Ohio Lowers Stock Position in Taylor Morrison Home Co. (NYSE:TMHC)

Strs Ohio decreased its position in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 5.5% in the fourth quarter, HoldingsChannel reports. The fund owned 31,000 shares of the construction company’s stock after selling 1,800 shares during the quarter. Strs Ohio’s holdings in Taylor Morrison Home were worth $1,653,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc lifted its position in Taylor Morrison Home by 138.9% during the third quarter. IFP Advisors Inc now owns 614 shares of the construction company’s stock valued at $26,000 after acquiring an additional 357 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in Taylor Morrison Home during the first quarter valued at approximately $44,000. Ronald Blue Trust Inc. lifted 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 acquiring an additional 1,056 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Taylor Morrison Home during the first quarter valued at approximately $77,000. Finally, Covestor Ltd lifted its position in Taylor Morrison Home by 100.5% during the first quarter. Covestor Ltd now owns 3,072 shares of the construction company’s stock valued at $84,000 after acquiring an additional 1,540 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Taylor Morrison Home Stock Up 0.4 %

NYSE:TMHC opened at $54.22 on Friday. The firm has a market capitalization of $5.77 billion, a P/E ratio of 7.77 and a beta of 1.87. Taylor Morrison Home Co. has a 1-year low of $37.23 and a 1-year high of $62.64. The company’s fifty day moving average price is $57.38 and its 200-day moving average price is $50.86. 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 (NYSE:TMHC) last released its quarterly earnings data on Wednesday, February 14th. The construction company reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.23. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.85 billion. Taylor Morrison Home had a net margin of 10.37% and a return on equity of 16.21%. The business’s quarterly revenue was down 19.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.93 earnings per share. As a group, equities research analysts anticipate that Taylor Morrison Home Co. will post 7.29 EPS for the current year.

Insider Transactions at Taylor Morrison Home

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

About Taylor Morrison Home

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.