California Public Employees Retirement System Sells 379 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

California Public Employees Retirement System lowered its position in Taylor Morrison Home Co. (NYSE:TMHCGet Rating) by 0.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 258,582 shares of the construction company’s stock after selling 379 shares during the period. California Public Employees Retirement System’s holdings in Taylor Morrison Home were worth $6,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in shares of Taylor Morrison Home by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 7,819,469 shares of the construction company’s stock valued at $212,857,000 after acquiring an additional 96,804 shares in the last quarter. Apollo Management Holdings L.P. raised its stake in shares of Taylor Morrison Home by 52.6% during the first quarter. Apollo Management Holdings L.P. now owns 5,238,887 shares of the construction company’s stock valued at $142,603,000 after acquiring an additional 1,805,101 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Taylor Morrison Home by 1.8% during the second quarter. Principal Financial Group Inc. now owns 2,330,630 shares of the construction company’s stock valued at $54,444,000 after buying an additional 40,447 shares during the period. Invesco Ltd. increased its holdings in Taylor Morrison Home by 19.5% during the first quarter. Invesco Ltd. now owns 1,743,697 shares of the construction company’s stock valued at $47,464,000 after buying an additional 285,099 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Taylor Morrison Home by 0.8% during the first quarter. Bank of New York Mellon Corp now owns 1,393,843 shares of the construction company’s stock valued at $37,940,000 after buying an additional 10,398 shares during the period. Institutional investors own 95.05% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on TMHC shares. BTIG Research lowered shares of Taylor Morrison Home from a “buy” rating to a “neutral” rating in a report on Thursday, October 27th. StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Saturday, October 29th. JPMorgan Chase & Co. boosted their target price on shares of Taylor Morrison Home from $29.50 to $39.50 in a research report on Tuesday. B. Riley decreased their target price on shares of Taylor Morrison Home from $26.00 to $25.00 in a research report on Thursday, October 27th. Finally, TheStreet downgraded shares of Taylor Morrison Home from a “b-” rating to a “c+” rating in a research report on Tuesday, September 27th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $31.64.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, CFO Louis Steffens acquired 11,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 14th. The stock was bought at an average price of $23.07 per share, with a total value of $253,770.00. Following the purchase, the chief financial officer now owns 44,667 shares in the company, valued at $1,030,467.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 5.20% of the stock is owned by corporate insiders.

Taylor Morrison Home Trading Up 2.2 %

Shares of Taylor Morrison Home stock opened at $29.41 on Friday. The firm has a 50-day simple moving average of $25.76 and a two-hundred day simple moving average of $26.05. The company has a market cap of $3.19 billion, a P/E ratio of 3.34 and a beta of 1.69. Taylor Morrison Home Co. has a fifty-two week low of $20.05 and a fifty-two week high of $35.51. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.57 and a current ratio of 5.24.

Taylor Morrison Home (NYSE:TMHCGet Rating) last issued its quarterly earnings data on Wednesday, October 26th. The construction company reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.50 by $0.22. The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.18 billion. Taylor Morrison Home had a net margin of 12.75% and a return on equity of 24.70%. As a group, equities analysts predict that Taylor Morrison Home Co. will post 9.31 earnings per share for the current fiscal year.

About Taylor Morrison Home

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Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It also develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name; and offers title insurance and closing settlement services, as well as financial services.

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

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