Taylor Morrison Home Corp (TMHC) Holdings Raised by New York State Common Retirement Fund

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New York State Common Retirement Fund raised its position in Taylor Morrison Home Corp (NYSE:TMHC) by 45.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 152,190 shares of the construction company’s stock after acquiring an additional 47,200 shares during the period. New York State Common Retirement Fund owned approximately 0.14% of Taylor Morrison Home worth $3,543,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TMHC. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Taylor Morrison Home by 48.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,062 shares of the construction company’s stock valued at $164,000 after acquiring an additional 2,314 shares in the last quarter. New York State Teachers Retirement System boosted its stake in Taylor Morrison Home by 57.1% in the first quarter. New York State Teachers Retirement System now owns 9,900 shares of the construction company’s stock valued at $230,000 after acquiring an additional 3,600 shares in the last quarter. Xact Kapitalforvaltning AB acquired a new stake in shares of Taylor Morrison Home during the fourth quarter worth $251,000. Kendall Capital Management acquired a new stake in shares of Taylor Morrison Home during the fourth quarter worth $255,000. Finally, Amalgamated Bank acquired a new stake in shares of Taylor Morrison Home during the fourth quarter worth $270,000. Institutional investors own 99.13% of the company’s stock.

Shares of Taylor Morrison Home stock opened at $20.53 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 7.28 and a quick ratio of 0.91. Taylor Morrison Home Corp has a 1 year low of $19.68 and a 1 year high of $28.42. The firm has a market cap of $2.33 billion, a P/E ratio of 10.37, a price-to-earnings-growth ratio of 0.68 and a beta of 1.39.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, May 2nd. The construction company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.04. Taylor Morrison Home had a net margin of 3.24% and a return on equity of 7.23%. The firm had revenue of $752.33 million during the quarter, compared to analysts’ expectations of $785.62 million. During the same quarter last year, the company posted $0.30 earnings per share. The firm’s revenue was down 2.2% compared to the same quarter last year. equities analysts anticipate that Taylor Morrison Home Corp will post 2.61 earnings per share for the current fiscal year.

Several research firms have recently commented on TMHC. ValuEngine downgraded shares of Taylor Morrison Home from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 16th. Wells Fargo & Co set a $34.00 price objective on shares of Taylor Morrison Home and gave the stock a “buy” rating in a research note on Friday, June 8th. Deutsche Bank lifted their price objective on shares of Taylor Morrison Home from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Barclays lowered their price objective on shares of Taylor Morrison Home from $28.00 to $25.00 and set a “hold” rating for the company in a research note on Monday, March 26th. Finally, Zacks Investment Research downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. Taylor Morrison Home has an average rating of “Hold” and an average target price of $28.88.

Taylor Morrison Home Profile

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family detached and attached homes; and develops lifestyle and master-planned communities. It operates under the Taylor Morrison and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.

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

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