16,659 Shares in Taylor Morrison Home Corporation $TMHC Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 16,659 shares of the construction company's stock, valued at approximately $1,023,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Covestor Ltd boosted its position in shares of Taylor Morrison Home by 14.9% during the 1st quarter. Covestor Ltd now owns 1,292 shares of the construction company's stock worth $78,000 after purchasing an additional 168 shares in the last quarter. Cornerstone Select Advisors LLC boosted its position in shares of Taylor Morrison Home by 0.7% during the 1st quarter. Cornerstone Select Advisors LLC now owns 24,190 shares of the construction company's stock worth $1,452,000 after purchasing an additional 175 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Taylor Morrison Home by 6.1% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,449 shares of the construction company's stock worth $207,000 after purchasing an additional 197 shares in the last quarter. Avantax Advisory Services Inc. boosted its position in shares of Taylor Morrison Home by 3.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 5,891 shares of the construction company's stock worth $354,000 after purchasing an additional 201 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of Taylor Morrison Home by 29.9% during the 2nd quarter. Parallel Advisors LLC now owns 882 shares of the construction company's stock worth $54,000 after purchasing an additional 203 shares in the last quarter. Institutional investors own 95.16% of the company's stock.

Insider Buying and Selling

In related news, CEO Sheryl Palmer sold 25,000 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $70.20, for a total transaction of $1,755,000.00. Following the transaction, the chief executive officer directly owned 383,988 shares in the company, valued at approximately $26,955,957.60. The trade was a 6.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Curtis Vanhyfte sold 9,754 shares of the business's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $65.22, for a total transaction of $636,155.88. Following the transaction, the chief financial officer owned 14,163 shares in the company, valued at approximately $923,710.86. This trade represents a 40.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,351 shares of company stock worth $4,700,630. 1.40% of the stock is owned by insiders.

Analysts Set New Price Targets

TMHC has been the topic of a number of research analyst reports. Bank of America cut their price objective on shares of Taylor Morrison Home from $75.00 to $72.00 and set a "buy" rating on the stock in a research report on Friday, October 10th. Royal Bank Of Canada cut their price objective on shares of Taylor Morrison Home from $75.00 to $68.00 and set an "outperform" rating on the stock in a research report on Thursday. Wedbush reiterated an "outperform" rating and set a $85.00 price objective on shares of Taylor Morrison Home in a report on Thursday. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Taylor Morrison Home in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $76.38.

Taylor Morrison Home Stock Up 0.9%

Taylor Morrison Home stock opened at $61.11 on Friday. Taylor Morrison Home Corporation has a fifty-two week low of $51.90 and a fifty-two week high of $75.49. The stock has a market cap of $6.13 billion, a PE ratio of 7.36 and a beta of 1.61. The firm's 50-day simple moving average is $66.36 and its 200 day simple moving average is $62.11. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 7.02.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its quarterly earnings results on Wednesday, October 22nd. The construction company reported $2.11 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.18. Taylor Morrison Home had a net margin of 10.16% and a return on equity of 15.23%. The business had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.03 billion. During the same period in the previous year, the company earned $2.40 earnings per share. The firm's revenue for the quarter was down 1.2% compared to the same quarter last year. Research analysts predict that Taylor Morrison Home Corporation will post 8.93 EPS for the current fiscal 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.

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