State of New Jersey Common Pension Fund D Buys 1,390 Shares of Taylor Morrison Home Corporation $TMHC

State of New Jersey Common Pension Fund D increased its stake in Taylor Morrison Home Corporation (NYSE:TMHC) by 4.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,323 shares of the construction company’s stock after purchasing an additional 1,390 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Taylor Morrison Home were worth $2,047,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. AlphaQuest LLC boosted its stake in Taylor Morrison Home by 92.5% in the second quarter. AlphaQuest LLC now owns 19,636 shares of the construction company’s stock valued at $1,206,000 after buying an additional 9,436 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in Taylor Morrison Home by 2.2% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,400 shares of the construction company’s stock valued at $577,000 after buying an additional 200 shares in the last quarter. TFB Advisors LLC boosted its stake in Taylor Morrison Home by 18.0% in the second quarter. TFB Advisors LLC now owns 8,315 shares of the construction company’s stock valued at $511,000 after buying an additional 1,268 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Taylor Morrison Home in the second quarter valued at about $1,023,000. Finally, Foster & Motley Inc. boosted its stake in Taylor Morrison Home by 23.8% in the second quarter. Foster & Motley Inc. now owns 44,043 shares of the construction company’s stock valued at $2,705,000 after buying an additional 8,472 shares in the last quarter. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Price Performance

Taylor Morrison Home stock opened at $58.97 on Thursday. The stock’s 50 day moving average is $65.71 and its 200 day moving average is $62.32. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.02 and a quick ratio of 1.02. The firm has a market cap of $5.92 billion, a P/E ratio of 7.10 and a beta of 1.61. Taylor Morrison Home Corporation has a one year low of $51.90 and a one year high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, October 22nd. The construction company reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.18. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.03 billion. Taylor Morrison Home had a return on equity of 15.23% and a net margin of 10.16%.The firm’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.40 earnings per share. As a group, research analysts expect that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Bank of America reduced their price objective on Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating on the stock in a research note on Friday, October 10th. Wedbush reissued an “outperform” rating and set a $85.00 price target on shares of Taylor Morrison Home in a research note on Thursday, October 23rd. Royal Bank Of Canada cut their price target on Taylor Morrison Home from $75.00 to $68.00 and set an “outperform” rating on the stock in a research note on Thursday, October 23rd. Seaport Res Ptn raised Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Taylor Morrison Home in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $75.29.

Insider Buying and Selling

In related news, CFO Curtis Vanhyfte sold 9,754 shares of Taylor Morrison Home stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $65.22, for a total value of $636,155.88. Following the transaction, the chief financial officer directly owned 14,163 shares of the company’s stock, valued at $923,710.86. The trade was a 40.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anne L. Mariucci sold 14,002 shares of Taylor Morrison Home stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $70.00, for a total value of $980,140.00. Following the completion of the transaction, the director directly owned 48,191 shares in the company, valued at approximately $3,373,370. This represents a 22.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 67,351 shares of company stock valued at $4,700,630 over the last ninety days. 1.40% of the stock is 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.