New York State Teachers Retirement System Decreases Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

New York State Teachers Retirement System decreased its position in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,198 shares of the construction company’s stock after selling 204 shares during the period. New York State Teachers Retirement System owned approximately 0.08% of Taylor Morrison Home worth $4,970,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Harbor Capital Advisors Inc. bought a new position in Taylor Morrison Home during the 3rd quarter worth about $34,000. V Square Quantitative Management LLC increased its holdings in Taylor Morrison Home by 68.1% in the 4th quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company’s stock worth $42,000 after buying an additional 277 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Taylor Morrison Home by 43.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock worth $49,000 after buying an additional 243 shares during the period. R Squared Ltd acquired a new stake in shares of Taylor Morrison Home during the 4th quarter worth approximately $61,000. Finally, Peterson Financial Group Inc. acquired a new stake in shares of Taylor Morrison Home during the 3rd quarter worth approximately $62,000. Institutional investors own 95.16% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on TMHC. BTIG Research lifted their price target on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Barclays upgraded shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $75.00 to $90.00 in a report on Wednesday, December 11th. Wolfe Research raised Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 target price for the company in a research report on Wednesday, January 8th. StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, Wedbush upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $65.00 to $85.00 in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $82.43.

Taylor Morrison Home Stock Up 0.3 %

Taylor Morrison Home stock opened at $62.07 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. The firm has a market capitalization of $6.42 billion, a price-to-earnings ratio of 7.50 and a beta of 2.03. Taylor Morrison Home Co. has a fifty-two week low of $53.17 and a fifty-two week high of $75.49. The stock’s fifty day moving average is $63.00 and its two-hundred day moving average is $66.24.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. Analysts predict that Taylor Morrison Home Co. will post 9.11 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director William H. Lyon sold 24,284 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $74.46, for a total value of $1,808,186.64. Following the transaction, the director now directly owns 2,045,316 shares in the company, valued at $152,294,229.36. This trade represents a 1.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.50% 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.