Retirement Systems of Alabama Has $15.41 Million Stock Position in Taylor Morrison Home Co. (NYSE:TMHC)

Retirement Systems of Alabama increased its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 111.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 288,775 shares of the construction company’s stock after buying an additional 152,118 shares during the period. Retirement Systems of Alabama owned 0.27% of Taylor Morrison Home worth $15,406,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Taylor Morrison Home by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 11,404,759 shares of the construction company’s stock worth $485,957,000 after purchasing an additional 217,222 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in Taylor Morrison Home by 117.0% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 3,180,341 shares of the construction company’s stock worth $135,514,000 after purchasing an additional 1,714,897 shares during the last quarter. Invesco Ltd. increased its stake in shares of Taylor Morrison Home by 3.3% in the 3rd quarter. Invesco Ltd. now owns 3,038,939 shares of the construction company’s stock valued at $129,489,000 after acquiring an additional 97,604 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of Taylor Morrison Home by 15.3% in the 3rd quarter. Acadian Asset Management LLC now owns 2,528,636 shares of the construction company’s stock valued at $107,726,000 after acquiring an additional 334,815 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Taylor Morrison Home by 2.1% in the 3rd quarter. AQR Capital Management LLC now owns 2,036,816 shares of the construction company’s stock valued at $86,789,000 after acquiring an additional 40,958 shares during the last quarter. 95.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Zelman & Associates raised Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research note on Friday, April 12th. Seaport Res Ptn downgraded shares of Taylor Morrison Home from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Wedbush reaffirmed a “neutral” rating and set a $55.00 price target on shares of Taylor Morrison Home in a research note on Tuesday. Royal Bank of Canada raised their price target on shares of Taylor Morrison Home from $57.00 to $61.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Finally, StockNews.com cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Taylor Morrison Home has a consensus rating of “Hold” and an average price target of $57.80.

Insider Transactions at Taylor Morrison Home

In other news, Director William H. Lyon sold 153,000 shares of Taylor Morrison Home stock in a transaction 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 completion of the sale, the director now owns 40,570 shares of the company’s stock, valued at $2,528,322.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director William H. Lyon sold 164,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $60.33, for a total value of $9,894,120.00. Following the completion of the transaction, the director now owns 43,570 shares of the company’s stock, valued at $2,628,578.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William H. Lyon sold 153,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $62.32, for a total value of $9,534,960.00. Following the completion of the transaction, the director now directly owns 40,570 shares of the company’s stock, valued at approximately $2,528,322.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 613,537 shares of company stock valued at $36,409,767. 3.50% of the stock is currently owned by corporate insiders.

Taylor Morrison Home Trading Down 3.0 %

TMHC stock opened at $55.98 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 6.00 and a quick ratio of 1.13. The company has a fifty day moving average price of $57.58 and a two-hundred day moving average price of $51.66. Taylor Morrison Home Co. has a one year low of $37.23 and a one year high of $62.64. The stock has a market cap of $5.96 billion, a price-to-earnings ratio of 8.02 and a beta of 1.87.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, February 14th. The construction company reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.23. Taylor Morrison Home had a net margin of 10.37% and a return on equity of 16.21%. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the previous year, the business posted $2.93 earnings per share. The company’s revenue for the quarter was down 19.0% compared to the same quarter last year. Equities analysts anticipate that Taylor Morrison Home Co. will post 7.29 EPS for the current year.

Taylor Morrison Home Company 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.