New York State Common Retirement Fund Decreases Holdings in Taylor Morrison Home Corporation (NYSE:TMHC)

New York State Common Retirement Fund cut its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHCFree Report) by 0.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 142,388 shares of the construction company’s stock after selling 331 shares during the period. New York State Common Retirement Fund owned about 0.14% of Taylor Morrison Home worth $8,549,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Morse Asset Management Inc bought a new stake in shares of Taylor Morrison Home during the 4th quarter valued at $29,000. GAMMA Investing LLC grew its stake in shares of Taylor Morrison Home by 193.0% in the 1st quarter. GAMMA Investing LLC now owns 674 shares of the construction company’s stock worth $40,000 after buying an additional 444 shares in the last quarter. Quarry LP grew its stake in shares of Taylor Morrison Home by 202.1% in the 4th quarter. Quarry LP now owns 704 shares of the construction company’s stock worth $43,000 after buying an additional 471 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Taylor Morrison Home by 49.5% in the 1st quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company’s stock worth $48,000 after buying an additional 262 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of Taylor Morrison Home by 50.2% during the 1st quarter. Harbor Capital Advisors Inc. now owns 844 shares of the construction company’s stock worth $51,000 after purchasing an additional 282 shares during the period. 95.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TMHC shares. Barclays set a $69.00 price objective on shares of Taylor Morrison Home and gave the company an “overweight” rating in a research report on Thursday, April 24th. Wall Street Zen downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Sunday, June 1st. Wedbush reaffirmed an “outperform” rating and issued a $85.00 price objective on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. Bank of America began coverage on shares of Taylor Morrison Home in a report on Monday, May 5th. They set a “buy” rating and a $70.00 price objective on the stock. Finally, BTIG Research set a $75.00 target price on shares of Taylor Morrison Home and gave the company a “buy” rating in a research report on Wednesday, April 16th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Taylor Morrison Home currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.88.

Get Our Latest Report on Taylor Morrison Home

Taylor Morrison Home Trading Down 0.7%

NYSE TMHC opened at $62.63 on Friday. The company has a quick ratio of 0.86, a current ratio of 6.45 and a debt-to-equity ratio of 0.35. Taylor Morrison Home Corporation has a 52 week low of $51.90 and a 52 week high of $75.49. The stock has a market capitalization of $6.29 billion, a PE ratio of 7.28 and a beta of 1.57. The firm has a 50 day moving average of $59.99 and a two-hundred day moving average of $60.43.

Taylor Morrison Home (NYSE:TMHCGet Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.33. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.81 billion. Taylor Morrison Home had a net margin of 10.84% and a return on equity of 16.72%. The company’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.75 EPS. As a group, research analysts expect that Taylor Morrison Home Corporation will post 8.93 EPS for the current fiscal year.

Taylor Morrison Home Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Taylor Morrison Home (NYSE:TMHC)

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