Taylor Morrison Home Corporation (TMHC) Holdings Boosted by California State Teachers Retirement System

California State Teachers Retirement System boosted its holdings in Taylor Morrison Home Corporation (NYSE:TMHC) by 5.4% in the third quarter, Holdings Channel reports. The institutional investor owned 114,283 shares of the construction company’s stock after acquiring an additional 5,872 shares during the period. California State Teachers Retirement System’s holdings in Taylor Morrison Home were worth $2,520,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Ameritas Investment Partners Inc. raised its position in Taylor Morrison Home by 62.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,369 shares of the construction company’s stock worth $129,000 after buying an additional 2,060 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Taylor Morrison Home by 20.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,409 shares of the construction company’s stock worth $154,000 after buying an additional 1,110 shares during the last quarter. Great West Life Assurance Co. Can raised its position in Taylor Morrison Home by 52.9% in the 2nd quarter. Great West Life Assurance Co. Can now owns 6,882 shares of the construction company’s stock worth $165,000 after buying an additional 2,382 shares during the last quarter. Victory Capital Management Inc. raised its position in Taylor Morrison Home by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 7,429 shares of the construction company’s stock worth $178,000 after buying an additional 1,114 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in Taylor Morrison Home by 717.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,470 shares of the construction company’s stock worth $179,000 after buying an additional 6,556 shares during the last quarter. 59.08% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on the company. Wedbush reissued a “neutral” rating and issued a $27.00 target price on shares of Taylor Morrison Home in a research report on Friday. BidaskClub lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. Zacks Investment Research lowered Taylor Morrison Home from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. Wells Fargo & Co raised Taylor Morrison Home from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a research report on Friday, January 5th. Finally, Citigroup raised Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. Taylor Morrison Home presently has a consensus rating of “Hold” and a consensus target price of $27.57.

Shares of Taylor Morrison Home Corporation (NYSE TMHC) opened at $27.75 on Friday. The stock has a market capitalization of $3,320.00, a PE ratio of 44.76, a price-to-earnings-growth ratio of 0.99 and a beta of 1.47. Taylor Morrison Home Corporation has a 52 week low of $18.26 and a 52 week high of $28.42. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 6.85.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, November 1st. The construction company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.04. The business had revenue of $908.00 million during the quarter, compared to the consensus estimate of $914.19 million. Taylor Morrison Home had a return on equity of 4.18% and a net margin of 2.41%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 EPS. equities research analysts anticipate that Taylor Morrison Home Corporation will post 1.85 earnings per share for the current year.

Taylor Morrison Home declared that its Board of Directors has initiated a share buyback plan on Wednesday, January 3rd that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the construction company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

In other Taylor Morrison Home news, insider C. David Cone sold 35,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $23.79, for a total transaction of $832,650.00. Following the completion of the sale, the insider now directly owns 42,511 shares in the company, valued at approximately $1,011,336.69. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.40% of the company’s stock.

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About Taylor Morrison Home

Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).

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

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