California Public Employees Retirement System grew its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 6.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 80,843 shares of the construction company’s stock after acquiring an additional 4,943 shares during the period. California Public Employees Retirement System’s holdings in Taylor Morrison Home were worth $1,783,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Ameritas Investment Partners Inc. raised its position in shares of Taylor Morrison Home by 62.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,369 shares of the construction company’s stock valued at $129,000 after acquiring an additional 2,060 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Taylor Morrison Home by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 7,429 shares of the construction company’s stock valued at $178,000 after acquiring an additional 1,114 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Taylor Morrison Home by 717.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,470 shares of the construction company’s stock valued at $179,000 after acquiring an additional 6,556 shares in the last quarter. Nordea Investment Management AB acquired a new stake in shares of Taylor Morrison Home during the 2nd quarter valued at approximately $192,000. Finally, Stevens Capital Management LP acquired a new stake in shares of Taylor Morrison Home during the 2nd quarter valued at approximately $241,000. Institutional investors own 59.04% of the company’s stock.
In other news, insider C. David Cone sold 35,000 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $23.79, for a total value of $832,650.00. Following the completion of the transaction, the insider now owns 42,511 shares of the company’s stock, valued at $1,011,336.69. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Group Holdings (Sbs) Advis Tpg sold 1,499,732 shares of the stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $27.14, for a total value of $40,702,726.48. The disclosure for this sale can be found here. 2.40% of the stock is owned by company insiders.
Shares of Taylor Morrison Home Corporation (NYSE:TMHC) opened at $27.74 on Friday. Taylor Morrison Home Corporation has a 52-week low of $18.26 and a 52-week high of $28.42. The company has a quick ratio of 0.81, a current ratio of 6.85 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $3,268.69, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 0.91 and a beta of 1.47.
Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, November 1st. The construction company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.04. Taylor Morrison Home had a return on equity of 4.18% and a net margin of 2.41%. The firm had revenue of $908.00 million for the quarter, compared to analyst estimates of $914.19 million. During the same period last year, the company earned $0.49 earnings per share. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. equities analysts anticipate that Taylor Morrison Home Corporation will post 1.86 EPS for the current fiscal year.
Taylor Morrison Home declared that its board has initiated a stock buyback program on Wednesday, January 3rd that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the construction company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
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Taylor Morrison Home Profile
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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