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

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

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. SummerHaven Investment Management LLC lifted its position in Taylor Morrison Home by 1.6% during the 1st quarter. SummerHaven Investment Management LLC now owns 14,218 shares of the construction company's stock worth $854,000 after buying an additional 223 shares in the last quarter. Fifth Third Bancorp lifted its position in Taylor Morrison Home by 27.8% during the 1st quarter. Fifth Third Bancorp now owns 1,034 shares of the construction company's stock worth $62,000 after buying an additional 225 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Taylor Morrison Home by 41.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company's stock worth $51,000 after buying an additional 243 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Taylor Morrison Home by 49.5% during the 1st quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company's stock worth $48,000 after buying an additional 262 shares in the last quarter. Finally, BTC Capital Management Inc. lifted its position in Taylor Morrison Home by 5.2% during the 1st quarter. BTC Capital Management Inc. now owns 5,442 shares of the construction company's stock worth $327,000 after buying an additional 267 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

Analysts Set New Price Targets

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

Taylor Morrison Home Trading Down 0.0%

Shares of TMHC stock traded down $0.02 on Tuesday, reaching $62.57. The company had a trading volume of 854,514 shares, compared to its average volume of 940,085. 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 stock has a market cap of $6.28 billion, a PE ratio of 7.28 and a beta of 1.57. The company has a 50-day moving average of $58.98 and a 200-day moving average of $60.25. Taylor Morrison Home Corporation has a 12 month low of $51.90 and a 12 month high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.85 by $0.33. The business 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%. Taylor Morrison Home's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.75 EPS. On average, equities analysts forecast that Taylor Morrison Home Corporation will post 8.93 earnings per share for the current year.

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.