Strs Ohio Acquires New Position in Taylor Morrison Home Corporation $TMHC

Strs Ohio bought a new stake in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 11,000 shares of the construction company's stock, valued at approximately $660,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in Taylor Morrison Home during the 1st quarter worth about $51,329,000. Long Pond Capital LP acquired a new position in Taylor Morrison Home during the 1st quarter worth about $40,345,000. Junto Capital Management LP bought a new stake in Taylor Morrison Home during the 1st quarter worth approximately $34,007,000. Victory Capital Management Inc. increased its holdings in shares of Taylor Morrison Home by 197.2% in the first quarter. Victory Capital Management Inc. now owns 793,987 shares of the construction company's stock worth $47,671,000 after purchasing an additional 526,819 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Taylor Morrison Home by 80.2% during the first quarter. Assenagon Asset Management S.A. now owns 912,064 shares of the construction company's stock worth $54,760,000 after purchasing an additional 405,875 shares during the period. 95.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TMHC shares. Bank of America raised their target price on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. Finally, Wall Street Zen downgraded Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. One investment analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $77.50.

Taylor Morrison Home Price Performance

Shares of Taylor Morrison Home stock opened at $67.66 on Friday. Taylor Morrison Home Corporation has a 1-year low of $51.90 and a 1-year high of $75.49. The firm has a fifty day simple moving average of $66.08 and a 200-day simple moving average of $61.45. The company has a current ratio of 6.54, a quick ratio of 0.74 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $6.79 billion, a price-to-earnings ratio of 7.81 and a beta of 1.58.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The construction company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.08. Taylor Morrison Home had a return on equity of 16.22% and a net margin of 10.72%.The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the firm posted $1.86 earnings per share. The firm's revenue was up 2.0% compared to the same quarter last year. On average, sell-side analysts expect that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current year.

Insider Activity at Taylor Morrison Home

In other news, CEO Sheryl Palmer sold 13,513 shares of the firm's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $72.06, for a total transaction of $973,746.78. Following the completion of the sale, the chief executive officer directly owned 370,475 shares of the company's stock, valued at $26,696,428.50. This trade represents a 3.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Anne L. Mariucci sold 14,002 shares of Taylor Morrison Home stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $70.00, for a total transaction of $980,140.00. Following the sale, the director owned 48,191 shares of the company's stock, valued at approximately $3,373,370. This represents a 22.51% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 67,351 shares of company stock valued at $4,700,630. 1.40% of the stock is currently owned by insiders.

Taylor Morrison Home 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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