Taylor Morrison Home Co. (NYSE:TMHC) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its stake in Taylor Morrison Home Co. (NYSE:TMHC) by 4.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 165,688 shares of the construction company’s stock after selling 7,819 shares during the quarter. California Public Employees Retirement System’s holdings in Taylor Morrison Home were worth $10,142,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lord Abbett & CO. LLC boosted its position in Taylor Morrison Home by 2.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 463,287 shares of the construction company’s stock worth $32,550,000 after purchasing an additional 11,302 shares in the last quarter. Principal Financial Group Inc. grew its position in Taylor Morrison Home by 3.5% during the third quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock valued at $144,144,000 after buying an additional 69,222 shares during the period. Sheets Smith Wealth Management purchased a new position in Taylor Morrison Home in the fourth quarter valued at $550,000. Financial Enhancement Group LLC acquired a new position in shares of Taylor Morrison Home in the fourth quarter worth about $5,840,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Taylor Morrison Home by 43.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock worth $49,000 after acquiring an additional 243 shares during the period. 95.16% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total transaction of $93,372.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David C. Merritt sold 2,402 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The disclosure for this sale can be found here. Corporate insiders own 3.50% of the company’s stock.

Analyst Ratings Changes

TMHC has been the subject of several recent analyst reports. Wolfe Research upgraded Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price target for the company in a research note on Wednesday, January 8th. Royal Bank of Canada boosted their price objective on Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. StockNews.com downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price target on shares of Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Finally, Barclays upgraded shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $75.00 to $90.00 in a research report on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $82.43.

Taylor Morrison Home Trading Up 3.0 %

Shares of TMHC stock opened at $59.35 on Monday. Taylor Morrison Home Co. has a fifty-two week low of $53.17 and a fifty-two week high of $75.49. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. The stock’s fifty day moving average is $61.81 and its two-hundred day moving average is $65.41. The firm has a market capitalization of $6.04 billion, a P/E ratio of 7.17 and a beta of 1.76.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. Research analysts expect that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Taylor Morrison Home Profile

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 develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.