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Retirement Systems of Alabama Has $16.09 Million Stock Holdings in Taylor Morrison Home Corporation (NYSE:TMHC)

Taylor Morrison Home logo with Construction background

Retirement Systems of Alabama trimmed its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 4.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 268,055 shares of the construction company's stock after selling 11,965 shares during the quarter. Retirement Systems of Alabama owned 0.26% of Taylor Morrison Home worth $16,094,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Morse Asset Management Inc acquired a new stake in Taylor Morrison Home during the 4th quarter worth $29,000. GAMMA Investing LLC increased its holdings in shares of Taylor Morrison Home by 193.0% in the first quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock worth $40,000 after acquiring an additional 444 shares in the last quarter. Quarry LP raised its position in shares of Taylor Morrison Home by 202.1% during the fourth quarter. Quarry LP now owns 704 shares of the construction company's stock worth $43,000 after purchasing an additional 471 shares during the period. Farther Finance Advisors LLC raised its position in shares of Taylor Morrison Home by 49.5% during the first quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company's stock worth $48,000 after purchasing an additional 262 shares during the period. Finally, SRS Capital Advisors Inc. bought a new position in shares of Taylor Morrison Home during the 4th quarter valued at about $51,000. Institutional investors and hedge funds own 95.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TMHC. Wall Street Zen cut Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. Wedbush reiterated an "outperform" rating and issued a $85.00 price target on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. Seaport Res Ptn raised shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. Barclays set a $69.00 price objective on shares of Taylor Morrison Home and gave the company an "overweight" rating in a research report on Thursday, April 24th. Finally, Bank of America assumed coverage on shares of Taylor Morrison Home in a research note on Monday, May 5th. They issued a "buy" rating and a $70.00 target price for the company. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Taylor Morrison Home currently has a consensus rating of "Moderate Buy" and an average price target of $76.88.

Check Out Our Latest Stock Analysis on TMHC

Taylor Morrison Home Stock Down 2.5%

Shares of NYSE TMHC traded down $1.52 during mid-day trading on Wednesday, hitting $59.98. The company had a trading volume of 896,532 shares, compared to its average volume of 927,130. The company has a current ratio of 6.45, a quick ratio of 0.86 and a debt-to-equity ratio of 0.35. The firm has a 50-day simple moving average of $57.99 and a two-hundred day simple moving average of $60.41. The company has a market capitalization of $6.02 billion, a PE ratio of 6.71 and a beta of 1.57. Taylor Morrison Home Corporation has a one year low of $51.90 and a one year high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, beating the consensus estimate of $1.85 by $0.33. The firm had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.81 billion. Taylor Morrison Home had a return on equity of 16.72% and a net margin of 10.84%. The business's quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.75 earnings per share. On average, equities analysts expect that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Taylor Morrison Home Company Profile

(Free Report)

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

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