New York State Teachers Retirement System Acquires 11,600 Shares of Taylor Morrison Home Corp (NYSE:TMHC)

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New York State Teachers Retirement System increased its holdings in shares of Taylor Morrison Home Corp (NYSE:TMHC) by 50.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,584 shares of the construction company’s stock after acquiring an additional 11,600 shares during the quarter. New York State Teachers Retirement System’s holdings in Taylor Morrison Home were worth $667,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in TMHC. Tower Research Capital LLC TRC grew its stake in Taylor Morrison Home by 15.0% during the first quarter. Tower Research Capital LLC TRC now owns 6,831 shares of the construction company’s stock worth $75,000 after buying an additional 891 shares in the last quarter. Versant Capital Management Inc grew its stake in Taylor Morrison Home by 8.5% during the first quarter. Versant Capital Management Inc now owns 11,880 shares of the construction company’s stock worth $130,000 after buying an additional 928 shares in the last quarter. US Bancorp DE grew its stake in Taylor Morrison Home by 78.1% during the first quarter. US Bancorp DE now owns 2,556 shares of the construction company’s stock worth $28,000 after buying an additional 1,121 shares in the last quarter. Kendall Capital Management grew its stake in Taylor Morrison Home by 6.8% during the first quarter. Kendall Capital Management now owns 18,645 shares of the construction company’s stock worth $205,000 after buying an additional 1,185 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in Taylor Morrison Home by 1.8% during the first quarter. Oppenheimer & Co. Inc. now owns 125,174 shares of the construction company’s stock worth $1,376,000 after buying an additional 2,267 shares in the last quarter. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE TMHC opened at $23.45 on Friday. The company has a 50 day simple moving average of $20.81 and a 200 day simple moving average of $19.04. The firm has a market cap of $3.04 billion, a PE ratio of 16.99 and a beta of 1.69. Taylor Morrison Home Corp has a 1 year low of $6.39 and a 1 year high of $28.47. The company has a debt-to-equity ratio of 1.13, a current ratio of 8.12 and a quick ratio of 0.96.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Thursday, July 30th. The construction company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.54 billion. Taylor Morrison Home had a net margin of 2.86% and a return on equity of 12.03%. As a group, research analysts anticipate that Taylor Morrison Home Corp will post 2.43 earnings per share for the current fiscal year.

TMHC has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Taylor Morrison Home from a “hold” rating to a “strong-buy” rating and set a $25.00 price target on the stock in a research note on Tuesday, July 14th. BTIG Research upgraded shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Tuesday, July 21st. Wells Fargo & Co raised their price target on shares of Taylor Morrison Home from $14.00 to $16.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 12th. JPMorgan Chase & Co. upgraded shares of Taylor Morrison Home from a “neutral” rating to an “overweight” rating and set a $27.00 price target on the stock in a research note on Thursday, June 11th. Finally, B. Riley raised their price target on shares of Taylor Morrison Home from $25.00 to $28.00 in a research note on Tuesday, July 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Taylor Morrison Home has a consensus rating of “Buy” and a consensus target price of $22.71.

About Taylor Morrison Home

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family and multi-family attached and detached 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.

Read More: Analyzing a company’s cash flow statement

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

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