New York State Teachers Retirement System Acquires 3,600 Shares of Taylor Morrison (TMHC)

New York State Teachers Retirement System raised its holdings in Taylor Morrison (NYSE:TMHC) by 57.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,900 shares of the construction company’s stock after acquiring an additional 3,600 shares during the quarter. New York State Teachers Retirement System’s holdings in Taylor Morrison were worth $230,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Donald Smith & CO. Inc. boosted its stake in Taylor Morrison by 94.7% in the fourth quarter. Donald Smith & CO. Inc. now owns 6,502,696 shares of the construction company’s stock valued at $159,121,000 after acquiring an additional 3,162,765 shares during the last quarter. Millennium Management LLC boosted its stake in Taylor Morrison by 304.9% in the fourth quarter. Millennium Management LLC now owns 3,638,831 shares of the construction company’s stock valued at $89,042,000 after acquiring an additional 2,740,201 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Taylor Morrison by 39.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,772,774 shares of the construction company’s stock valued at $43,380,000 after acquiring an additional 499,036 shares during the last quarter. Geode Capital Management LLC boosted its stake in Taylor Morrison by 13.1% in the fourth quarter. Geode Capital Management LLC now owns 1,619,689 shares of the construction company’s stock valued at $39,632,000 after acquiring an additional 187,621 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Taylor Morrison by 48.9% in the fourth quarter. Wells Fargo & Company MN now owns 799,239 shares of the construction company’s stock valued at $19,557,000 after acquiring an additional 262,302 shares during the last quarter. 76.48% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Joseph Terracciano sold 5,788 shares of Taylor Morrison stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $23.97, for a total transaction of $138,738.36. Following the transaction, the insider now directly owns 4,168 shares of the company’s stock, valued at $99,906.96. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.40% of the company’s stock.

Shares of NYSE TMHC opened at $21.87 on Friday. The firm has a market cap of $2.37 billion, a PE ratio of 11.05, a PEG ratio of 0.69 and a beta of 1.42. Taylor Morrison has a twelve month low of $20.81 and a twelve month high of $21.34. The company has a current ratio of 7.28, a quick ratio of 0.91 and a debt-to-equity ratio of 0.64.

Taylor Morrison (NYSE:TMHC) last announced its quarterly earnings results on Wednesday, May 2nd. The construction company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. The company had revenue of $752.33 million for the quarter, compared to analysts’ expectations of $785.62 million. Taylor Morrison had a net margin of 3.24% and a return on equity of 7.23%. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period last year, the firm posted $0.30 earnings per share. equities analysts anticipate that Taylor Morrison will post 2.61 earnings per share for the current fiscal year.

TMHC has been the topic of a number of recent research reports. JMP Securities raised shares of Taylor Morrison from a “market perform” rating to an “outperform” rating and set a $31.00 price objective on the stock in a research note on Thursday, February 8th. Barclays set a $28.00 price objective on shares of Taylor Morrison and gave the company an “equal weight” rating in a research note on Thursday, February 8th. B. Riley raised their price objective on shares of Taylor Morrison from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Deutsche Bank raised their price objective on shares of Taylor Morrison from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Finally, ValuEngine raised shares of Taylor Morrison from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $28.63.

Taylor Morrison Company Profile

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

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

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