New York State Common Retirement Fund Purchases 109,196 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

New York State Common Retirement Fund grew its position in Taylor Morrison Home Co. (NYSE:TMHC) by 49.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 331,552 shares of the construction company’s stock after buying an additional 109,196 shares during the period. New York State Common Retirement Fund’s holdings in Taylor Morrison Home were worth $17,688,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TMHC shares. Seaport Res Ptn cut Taylor Morrison Home from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Zelman & Associates raised Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a report on Friday, April 12th. Barclays increased their target price on Taylor Morrison Home from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Finally, 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. Five equities 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 a consensus price target of $57.20.

Insider Activity at Taylor Morrison Home

In related news, Director William H. Lyon sold 20,896 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $56.01, for a total transaction of $1,170,384.96. Following the completion of the sale, the director now directly owns 2,837,020 shares of the company’s stock, valued at approximately $158,901,490.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director William H. Lyon sold 33,400 shares of Taylor Morrison Home stock in a transaction on Monday, February 12th. The stock was sold at an average price of $56.04, for a total value of $1,871,736.00. Following the completion of the sale, the director now directly owns 71,570 shares of the company’s stock, valued at approximately $4,010,782.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William H. Lyon sold 20,896 shares of Taylor Morrison Home stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $56.01, for a total value of $1,170,384.96. Following the completion of the sale, the director now directly owns 2,837,020 shares of the company’s stock, valued at $158,901,490.20. The disclosure for this sale can be found here. Insiders sold 613,537 shares of company stock valued at $36,409,767 in the last three months. Corporate insiders own 3.50% of the company’s stock.

Taylor Morrison Home Trading Up 2.3 %

TMHC stock opened at $57.56 on Monday. The business has a fifty day moving average price of $57.49 and a 200 day moving average price of $51.43. Taylor Morrison Home Co. has a fifty-two week low of $37.23 and a fifty-two week high of $62.64. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of 8.25 and a beta of 1.87. 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 results on Wednesday, February 14th. The construction company reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period last year, the firm posted $2.93 EPS. The business’s revenue was down 19.0% on a year-over-year basis. Analysts expect that Taylor Morrison Home Co. will post 7.29 EPS for the current fiscal 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.