Louisiana State Employees Retirement System Reduces Position in Taylor Morrison Home Corporation $TMHC

Louisiana State Employees Retirement System decreased its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 2.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,200 shares of the construction company’s stock after selling 800 shares during the period. Louisiana State Employees Retirement System’s holdings in Taylor Morrison Home were worth $1,732,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. 111 Capital purchased a new position in Taylor Morrison Home during the second quarter worth $237,000. QRG Capital Management Inc. increased its position in Taylor Morrison Home by 7.1% during the second quarter. QRG Capital Management Inc. now owns 18,122 shares of the construction company’s stock worth $1,113,000 after buying an additional 1,203 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in Taylor Morrison Home by 14.3% during the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 7,200 shares of the construction company’s stock worth $442,000 after buying an additional 900 shares in the last quarter. SummerHaven Investment Management LLC increased its position in Taylor Morrison Home by 1.8% during the second quarter. SummerHaven Investment Management LLC now owns 14,467 shares of the construction company’s stock worth $889,000 after buying an additional 249 shares in the last quarter. Finally, KG&L Capital Management LLC purchased a new position in Taylor Morrison Home during the second quarter worth $614,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on TMHC. Bank of America lowered their price objective on Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating for the company in a research report on Friday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Taylor Morrison Home in a research report on Wednesday. Finally, Seaport Res Ptn raised Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $77.13.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, Director Anne L. Mariucci sold 14,002 shares of the business’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $70.00, for a total transaction of $980,140.00. Following the completion of the sale, the director owned 48,191 shares of the company’s stock, valued at approximately $3,373,370. The trade was a 22.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Curtis Vanhyfte sold 5,082 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $69.97, for a total value of $355,587.54. Following the sale, the chief financial officer directly owned 11,742 shares of the company’s stock, valued at approximately $821,587.74. This trade represents a 30.21% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 67,351 shares of company stock valued at $4,700,630. Company insiders own 1.40% of the company’s stock.

Taylor Morrison Home Price Performance

TMHC stock opened at $61.19 on Friday. The stock has a 50-day moving average price of $67.03 and a two-hundred day moving average price of $61.99. Taylor Morrison Home Corporation has a 12-month low of $51.90 and a 12-month high of $75.49. The company has a current ratio of 6.54, a quick ratio of 0.74 and a debt-to-equity ratio of 0.35. The company has a market cap of $6.14 billion, a PE ratio of 7.07 and a beta of 1.61.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, July 23rd. The construction company reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.08. Taylor Morrison Home had a return on equity of 16.22% and a net margin of 10.72%.The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the previous year, the business earned $1.86 earnings per share. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. As a group, research analysts predict that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

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.