Teacher Retirement System of Texas Buys 62,789 Shares of Taylor Morrison Home Corporation (NYSE:TMHC)

Teacher Retirement System of Texas lifted its stake in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 74.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 147,460 shares of the construction company's stock after buying an additional 62,789 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.14% of Taylor Morrison Home worth $8,853,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Northern Trust Corp lifted its holdings in shares of Taylor Morrison Home by 13.4% in the fourth quarter. Northern Trust Corp now owns 1,670,241 shares of the construction company's stock worth $102,235,000 after buying an additional 197,880 shares in the last quarter. Norges Bank purchased a new position in shares of Taylor Morrison Home in the fourth quarter worth $93,810,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Taylor Morrison Home by 1.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,369,832 shares of the construction company's stock worth $83,847,000 after buying an additional 20,908 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Taylor Morrison Home by 1.6% in the fourth quarter. Nuveen Asset Management LLC now owns 952,988 shares of the construction company's stock worth $58,332,000 after buying an additional 14,590 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Taylor Morrison Home by 80.2% in the first quarter. Assenagon Asset Management S.A. now owns 912,064 shares of the construction company's stock worth $54,760,000 after buying an additional 405,875 shares in the last quarter. Hedge funds and other institutional investors own 95.16% of the company's stock.

Taylor Morrison Home Trading Up 5.0%

TMHC stock traded up $3.10 during mid-day trading on Wednesday, reaching $65.66. 1,625,727 shares of the stock traded hands, compared to its average volume of 943,040. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.86 and a current ratio of 6.45. Taylor Morrison Home Corporation has a one year low of $51.90 and a one year high of $75.49. The stock has a market capitalization of $6.59 billion, a PE ratio of 7.63 and a beta of 1.57. The business has a 50-day moving average price of $59.25 and a two-hundred day moving average price of $60.31.

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

Analyst Upgrades and Downgrades

TMHC has been the topic of several research analyst reports. BTIG Research set a $75.00 target price on shares of Taylor Morrison Home and gave the stock a "buy" rating in a report on Wednesday, April 16th. Wall Street Zen cut shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. Barclays set a $69.00 price target on shares of Taylor Morrison Home and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Wedbush restated an "outperform" rating and issued a $85.00 price target on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. Finally, Bank of America assumed coverage on shares of Taylor Morrison Home in a research report on Monday, May 5th. They issued a "buy" rating and a $70.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Taylor Morrison Home has a consensus rating of "Moderate Buy" and an average target price of $76.88.

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.