Taylor Morrison Home Co. (NYSE:TMHC) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama reduced its position in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 1.4% during the third quarter, Holdings Channel.com reports. The fund owned 280,829 shares of the construction company’s stock after selling 3,910 shares during the quarter. Retirement Systems of Alabama’s holdings in Taylor Morrison Home were worth $19,731,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TMHC. V Square Quantitative Management LLC bought a new position in shares of Taylor Morrison Home in the third quarter valued at $29,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Taylor Morrison Home during the third quarter worth $34,000. UMB Bank n.a. raised its position in shares of Taylor Morrison Home by 263.9% during the third quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock worth $38,000 after purchasing an additional 388 shares during the period. Peterson Financial Group Inc. purchased a new stake in shares of Taylor Morrison Home during the third quarter valued at $62,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Taylor Morrison Home in the 2nd quarter valued at $100,000. 95.16% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director William H. Lyon sold 24,284 shares of Taylor Morrison Home stock in a transaction on Monday, November 25th. The shares were sold at an average price of $74.46, for a total value of $1,808,186.64. Following the completion of the sale, the director now owns 2,045,316 shares of the company’s stock, valued at approximately $152,294,229.36. The trade was a 1.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Darrell Sherman sold 26,757 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $70.00, for a total value of $1,872,990.00. Following the sale, the executive vice president now owns 109,217 shares of the company’s stock, valued at approximately $7,645,190. This trade represents a 19.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 128,621 shares of company stock valued at $9,164,869 in the last three months. Insiders own 3.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. StockNews.com upgraded Taylor Morrison Home from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. BTIG Research boosted their price target on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Wedbush raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $65.00 to $85.00 in a research note on Friday, October 25th. JPMorgan Chase & Co. lowered their price objective on shares of Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Raymond James restated an “outperform” rating and issued a $84.00 target price (up previously from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $85.33.

Taylor Morrison Home Stock Down 3.6 %

Taylor Morrison Home stock opened at $64.72 on Friday. Taylor Morrison Home Co. has a twelve month low of $49.98 and a twelve month high of $75.49. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24. The firm has a market cap of $6.70 billion, a PE ratio of 8.56 and a beta of 1.97. The firm’s 50 day moving average price is $69.82 and its two-hundred day moving average price is $64.81.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.31. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the business posted $1.62 earnings per share. Taylor Morrison Home’s revenue for the quarter was up 26.6% compared to the same quarter last year. On average, research analysts predict that Taylor Morrison Home Co. will post 8.44 EPS for the current fiscal 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.