Taylor Morrison Home Corporation $TMHC Shares Purchased by California Public Employees Retirement System

California Public Employees Retirement System boosted its holdings in Taylor Morrison Home Corporation (NYSE:TMHC) by 5.7% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 193,529 shares of the construction company’s stock after buying an additional 10,415 shares during the period. California Public Employees Retirement System owned approximately 0.21% of Taylor Morrison Home worth $11,271,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP increased its position in shares of Taylor Morrison Home by 14.9% in the third quarter. Allworth Financial LP now owns 1,546 shares of the construction company’s stock worth $102,000 after acquiring an additional 200 shares in the last quarter. Tectonic Advisors LLC boosted its position in Taylor Morrison Home by 0.7% during the 4th quarter. Tectonic Advisors LLC now owns 29,765 shares of the construction company’s stock worth $1,752,000 after purchasing an additional 207 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Taylor Morrison Home by 30.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 899 shares of the construction company’s stock valued at $55,000 after purchasing an additional 211 shares in the last quarter. Verdence Capital Advisors LLC increased its holdings in Taylor Morrison Home by 3.3% in the 4th quarter. Verdence Capital Advisors LLC now owns 6,795 shares of the construction company’s stock valued at $400,000 after purchasing an additional 220 shares in the last quarter. Finally, Paulson Wealth Management Inc. increased its holdings in Taylor Morrison Home by 5.2% in the 4th quarter. Paulson Wealth Management Inc. now owns 4,811 shares of the construction company’s stock valued at $283,000 after purchasing an additional 238 shares in the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Performance

Shares of Taylor Morrison Home stock opened at $72.45 on Friday. The firm has a market cap of $6.77 billion, a PE ratio of 10.81, a price-to-earnings-growth ratio of 1.70 and a beta of 1.44. The firm’s 50-day simple moving average is $69.04 and its 200-day simple moving average is $64.27. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.45 and a current ratio of 7.66. Taylor Morrison Home Corporation has a 1 year low of $54.15 and a 1 year high of $72.50.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, April 22nd. The construction company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.82 by $0.30. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Taylor Morrison Home had a net margin of 8.77% and a return on equity of 11.48%. The company’s quarterly revenue was down 26.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.07 earnings per share. Equities analysts forecast that Taylor Morrison Home Corporation will post 5.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TMHC has been the topic of a number of recent research reports. Bank of America reduced their price objective on Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Taylor Morrison Home in a research note on Tuesday. Barclays reiterated an “equal weight” rating and set a $73.00 target price (up from $69.00) on shares of Taylor Morrison Home in a report on Tuesday, July 14th. Truist Financial reduced their price target on Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating on the stock in a research report on Monday, June 1st. Finally, Citizens Jmp cut Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a report on Monday, June 1st. Two research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $77.43.

Taylor Morrison Home Profile

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company’s portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company’s heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.