Louisiana State Employees Retirement System Makes New $1.61 Million Investment in Taylor Morrison Home Co. (NYSE:TMHC)

Louisiana State Employees Retirement System bought a new position in shares of Taylor Morrison Home Co. (NYSE:TMHC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 30,200 shares of the construction company’s stock, valued at approximately $1,611,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB boosted its holdings in Taylor Morrison Home by 30.4% during the fourth quarter. Nordea Investment Management AB now owns 108,431 shares of the construction company’s stock worth $5,823,000 after buying an additional 25,250 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Taylor Morrison Home by 89.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 38,103 shares of the construction company’s stock valued at $1,623,000 after purchasing an additional 17,986 shares in the last quarter. TFB Advisors LLC bought a new position in shares of Taylor Morrison Home during the 4th quarter valued at about $207,000. Rhumbline Advisers lifted its holdings in shares of Taylor Morrison Home by 0.3% during the 3rd quarter. Rhumbline Advisers now owns 388,101 shares of the construction company’s stock valued at $16,537,000 after purchasing an additional 1,053 shares in the last quarter. Finally, Raymond James & Associates lifted its holdings in shares of Taylor Morrison Home by 91.9% during the 3rd quarter. Raymond James & Associates now owns 51,591 shares of the construction company’s stock valued at $2,198,000 after purchasing an additional 24,701 shares in the last quarter. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Up 0.3 %

Shares of Taylor Morrison Home stock opened at $54.19 on Friday. The business’s 50 day simple moving average is $57.38 and its 200 day simple moving average is $50.78. Taylor Morrison Home Co. has a 52-week low of $37.23 and a 52-week high of $62.64. The firm has a market cap of $5.77 billion, a PE ratio of 7.76 and a beta of 1.87. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.13 and a current ratio of 6.00.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, February 14th. The construction company reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.23. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.85 billion. Taylor Morrison Home had a return on equity of 16.21% and a net margin of 10.37%. Taylor Morrison Home’s revenue for the quarter was down 19.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.93 EPS. On average, analysts predict that Taylor Morrison Home Co. will post 7.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TMHC has been the topic of several recent analyst reports. Royal Bank of Canada lifted their price objective on Taylor Morrison Home from $57.00 to $61.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Zelman & Associates upgraded Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a report on Friday, April 12th. Seaport Res Ptn cut Taylor Morrison Home from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Finally, Barclays lifted their price objective on Taylor Morrison Home from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday, February 15th. Five investment 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 stock has an average rating of “Hold” and a consensus price target of $57.20.

Insiders Place Their Bets

In other Taylor Morrison Home news, Director William H. Lyon sold 153,000 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $62.32, for a total transaction of $9,534,960.00. Following the transaction, the director now owns 40,570 shares of the company’s stock, valued at approximately $2,528,322.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Taylor Morrison Home news, Director William H. Lyon sold 153,000 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $62.32, for a total transaction of $9,534,960.00. Following the transaction, the director now owns 40,570 shares of the company’s stock, valued at approximately $2,528,322.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Joseph Terracciano sold 724 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $55.87, for a total value of $40,449.88. The disclosure for this sale can be found here. Insiders have sold 613,537 shares of company stock valued at $36,409,767 in the last 90 days. 5.50% of the stock is currently owned by insiders.

About Taylor Morrison Home

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.