Teacher Retirement System of Texas Sells 42,042 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Teacher Retirement System of Texas reduced its stake in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 56.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,073 shares of the construction company's stock after selling 42,042 shares during the period. Teacher Retirement System of Texas' holdings in Taylor Morrison Home were worth $1,764,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its holdings in Taylor Morrison Home by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,044,133 shares of the construction company's stock valued at $55,704,000 after purchasing an additional 21,799 shares in the last quarter. Lisanti Capital Growth LLC acquired a new stake in shares of Taylor Morrison Home during the fourth quarter valued at about $3,791,000. Natixis Advisors L.P. grew its stake in shares of Taylor Morrison Home by 8.2% during the fourth quarter. Natixis Advisors L.P. now owns 16,687 shares of the construction company's stock valued at $890,000 after acquiring an additional 1,268 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Taylor Morrison Home by 23.6% during the fourth quarter. Victory Capital Management Inc. now owns 265,546 shares of the construction company's stock valued at $14,167,000 after acquiring an additional 50,746 shares in the last quarter. Finally, SummerHaven Investment Management LLC grew its stake in shares of Taylor Morrison Home by 1.5% during the fourth quarter. SummerHaven Investment Management LLC now owns 14,383 shares of the construction company's stock valued at $767,000 after acquiring an additional 213 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, Director William H. Lyon sold 77,210 shares of Taylor Morrison Home stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $58.33, for a total value of $4,503,659.30. Following the transaction, the director now owns 57,570 shares in the company, valued at $3,358,058.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Taylor Morrison Home news, CEO Sheryl Palmer sold 100,000 shares of Taylor Morrison Home stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $61.70, for a total value of $6,170,000.00. Following the transaction, the chief executive officer now owns 19,211 shares in the company, valued at $1,185,318.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director William H. Lyon sold 77,210 shares of Taylor Morrison Home stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $58.33, for a total transaction of $4,503,659.30. Following the completion of the transaction, the director now owns 57,570 shares in the company, valued at approximately $3,358,058.10. The disclosure for this sale can be found here. Insiders have sold 659,241 shares of company stock worth $39,537,646 over the last quarter. 3.50% of the stock is currently owned by company insiders.

Taylor Morrison Home Stock Performance

NYSE TMHC traded up $0.02 during trading hours on Friday, reaching $60.12. The company's stock had a trading volume of 500,239 shares, compared to its average volume of 684,191. The company has a current ratio of 6.16, a quick ratio of 0.91 and a debt-to-equity ratio of 0.39. The business has a 50-day simple moving average of $58.15 and a 200 day simple moving average of $53.27. Taylor Morrison Home Co. has a 52 week low of $37.23 and a 52 week high of $62.64. The stock has a market cap of $6.36 billion, a PE ratio of 8.60 and a beta of 1.88.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The construction company reported $1.75 earnings per share for the quarter, beating analysts' consensus estimates of $1.57 by $0.18. Taylor Morrison Home had a return on equity of 15.75% and a net margin of 10.30%. The company had revenue of $1.70 billion for the quarter, compared to analysts' expectations of $1.66 billion. During the same quarter in the previous year, the company posted $1.74 earnings per share. The business's revenue for the quarter was up 2.3% compared to the same quarter last year. Equities research analysts predict that Taylor Morrison Home Co. will post 7.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on TMHC shares. Royal Bank of Canada raised their target price on Taylor Morrison Home from $61.00 to $63.00 and gave the company an "outperform" rating in a research note on Wednesday, May 1st. StockNews.com raised shares of Taylor Morrison Home from a "hold" rating to a "buy" rating in a research report on Wednesday. Wedbush reaffirmed a "neutral" rating and set a $55.00 price target on shares of Taylor Morrison Home in a research report on Tuesday, April 30th. Zelman & Associates raised shares of Taylor Morrison Home from an "underperform" rating to a "neutral" rating in a research report on Friday, April 12th. Finally, Barclays increased 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 research report on Thursday, February 15th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $58.20.

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.