Taylor Morrison Home Co. (NYSE:TMHC) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund grew its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 49.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 331,552 shares of the construction company's stock after acquiring an additional 109,196 shares during the period. New York State Common Retirement Fund owned 0.31% of Taylor Morrison Home worth $17,688,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. IFP Advisors Inc grew its stake in shares of Taylor Morrison Home by 138.9% in the 3rd quarter. IFP Advisors Inc now owns 614 shares of the construction company's stock valued at $26,000 after buying an additional 357 shares during the period. Asset Management One Co. Ltd. grew its stake in shares of Taylor Morrison Home by 62.8% in the 3rd quarter. Asset Management One Co. Ltd. now owns 20,393 shares of the construction company's stock valued at $869,000 after buying an additional 7,867 shares during the period. Raymond James & Associates boosted its stake in Taylor Morrison Home by 91.9% during the 3rd quarter. Raymond James & Associates now owns 51,591 shares of the construction company's stock valued at $2,198,000 after purchasing an additional 24,701 shares during the last quarter. Foster & Motley Inc. acquired a new position in Taylor Morrison Home during the 3rd quarter valued at about $303,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Taylor Morrison Home by 82.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,188 shares of the construction company's stock valued at $1,585,000 after purchasing an additional 16,798 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TMHC has been the topic of several recent analyst reports. Royal Bank of Canada lifted their target price on shares of Taylor Morrison Home from $57.00 to $61.00 and gave the stock an "outperform" rating in a research report on Thursday, February 15th. Seaport Res Ptn cut shares of Taylor Morrison Home from a "buy" rating to a "neutral" rating in a report on Monday, January 22nd. Barclays lifted their price target on shares of Taylor Morrison Home from $55.00 to $60.00 and gave the stock an "equal weight" rating in a report on Thursday, February 15th. Zelman & Associates raised shares of Taylor Morrison Home from an "underperform" rating to a "neutral" rating in a report on Friday, April 12th. Finally, StockNews.com cut shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Thursday, March 21st. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $57.20.

Insiders Place Their Bets

In other news, Director William H. Lyon sold 20,896 shares of the company's stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $56.01, for a total transaction of $1,170,384.96. Following the completion of the transaction, the director now directly owns 2,837,020 shares of the company's stock, valued at $158,901,490.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Taylor Morrison Home news, CAO Joseph Terracciano sold 724 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $55.87, for a total value of $40,449.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director William H. Lyon sold 20,896 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $56.01, for a total transaction of $1,170,384.96. Following the completion of the transaction, the director now owns 2,837,020 shares in the company, valued at $158,901,490.20. The disclosure for this sale can be found here. Insiders sold 613,537 shares of company stock valued at $36,409,767 over the last three months. Insiders own 5.50% of the company's stock.

Taylor Morrison Home Price Performance

Shares of TMHC traded up $0.14 during mid-day trading on Monday, reaching $57.70. 808,930 shares of the stock traded hands, compared to its average volume of 769,547. The firm has a fifty day moving average price of $57.49 and a 200 day moving average price of $51.43. The company has a market cap of $6.14 billion, a price-to-earnings ratio of 8.25 and a beta of 1.87. The company has a current ratio of 6.00, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. Taylor Morrison Home Co. has a 1 year low of $37.23 and a 1 year high of $62.64.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its earnings results on Wednesday, February 14th. The construction company reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.23. Taylor Morrison Home had a net margin of 10.37% and a return on equity of 16.21%. The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period in the previous year, the business earned $2.93 earnings per share. The firm's quarterly revenue was down 19.0% compared to the same quarter last year. As a group, equities research analysts predict that Taylor Morrison Home Co. will post 7.29 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.