Teachers Retirement System of The State of Kentucky Decreases Position in Taylor Morrison Home Co. (NYSE:TMHC)

Teachers Retirement System of The State of Kentucky cut its position in Taylor Morrison Home Co. (NYSE:TMHC) by 4.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 36,403 shares of the construction company’s stock after selling 1,700 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Taylor Morrison Home were worth $1,942,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Private Wealth Management Group LLC purchased a new position in Taylor Morrison Home in the fourth quarter worth about $39,000. Daiwa Securities Group Inc. bought a new stake in shares of Taylor Morrison Home in the fourth quarter worth approximately $48,000. Headlands Technologies LLC bought a new stake in shares of Taylor Morrison Home in the fourth quarter worth approximately $81,000. CWM LLC grew its stake in shares of Taylor Morrison Home by 17.2% in the fourth quarter. CWM LLC now owns 1,804 shares of the construction company’s stock worth $96,000 after acquiring an additional 265 shares during the period. Finally, Neo Ivy Capital Management bought a new stake in shares of Taylor Morrison Home in the third quarter worth approximately $108,000. 95.16% of the stock is owned by hedge funds and other institutional investors.

Taylor Morrison Home Stock Performance

Shares of NYSE TMHC opened at $55.31 on Friday. The firm has a 50 day moving average of $56.98 and a 200 day moving average of $55.47. 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 firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 7.91 and a beta of 1.93. Taylor Morrison Home Co. has a 12-month low of $37.23 and a 12-month high of $62.64.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Tuesday, April 30th. The construction company reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.18. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.66 billion. Taylor Morrison Home had a net margin of 10.30% and a return on equity of 15.75%. The company’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.74 earnings per share. On average, research analysts anticipate that Taylor Morrison Home Co. will post 7.62 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Sheryl Palmer sold 100,000 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $61.70, for a total transaction of $6,170,000.00. Following the completion of the sale, 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 Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director William H. Lyon sold 153,000 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $62.32, for a total value of $9,534,960.00. Following the transaction, the director now directly owns 40,570 shares of the company’s stock, valued at approximately $2,528,322.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Sheryl Palmer sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $61.70, for a total value of $6,170,000.00. Following the completion of the transaction, the chief executive officer now directly owns 19,211 shares in the company, valued at $1,185,318.70. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

TMHC has been the subject of a number of research analyst reports. Wedbush reiterated an “outperform” rating and issued a $61.00 price target on shares of Taylor Morrison Home in a research note on Thursday, May 30th. Zelman & Associates upgraded shares of Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research note on Friday, April 12th. Royal Bank of Canada lifted their price target on shares of Taylor Morrison Home from $61.00 to $63.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Finally, StockNews.com upgraded shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Monday, June 10th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $59.40.

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.