State of Michigan Retirement System Sells 900 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

State of Michigan Retirement System reduced its holdings in Taylor Morrison Home Co. (NYSE:TMHC) by 3.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,495 shares of the construction company’s stock after selling 900 shares during the period. State of Michigan Retirement System’s holdings in Taylor Morrison Home were worth $1,413,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Rise Advisors LLC bought a new position in shares of Taylor Morrison Home in the first quarter valued at $26,000. ICA Group Wealth Management LLC bought a new position in shares of Taylor Morrison Home in the 4th quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Taylor Morrison Home in the 2nd quarter valued at about $31,000. Private Wealth Management Group LLC acquired a new position in shares of Taylor Morrison Home during the 4th quarter worth about $39,000. Finally, Fidelis Capital Partners LLC bought a new stake in shares of Taylor Morrison Home in the 1st quarter valued at about $82,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TMHC shares. Raymond James assumed coverage on Taylor Morrison Home in a research report on Wednesday, July 24th. They set an “outperform” rating and a $75.00 price target on the stock. BTIG Research upgraded Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 price target on the stock in a research note on Monday, August 19th. Zelman & Associates raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Finally, Royal Bank of Canada increased their price target on shares of Taylor Morrison Home from $63.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $70.17.

Taylor Morrison Home Trading Up 0.3 %

Shares of NYSE:TMHC opened at $66.61 on Friday. The company has a market capitalization of $7.04 billion, a P/E ratio of 9.53 and a beta of 1.95. The company has a debt-to-equity ratio of 0.39, a current ratio of 6.01 and a quick ratio of 0.67. The business’s 50 day simple moving average is $61.36 and its 200 day simple moving average is $58.74. Taylor Morrison Home Co. has a 1 year low of $37.23 and a 1 year high of $69.62.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, July 24th. The construction company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.06. Taylor Morrison Home had a return on equity of 14.99% and a net margin of 9.92%. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.87 billion. On average, research analysts anticipate that Taylor Morrison Home Co. will post 7.9 EPS for the current fiscal year.

Insider Buying and Selling at Taylor Morrison Home

In other news, Director William H. Lyon sold 28,259 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $68.25, for a total transaction of $1,928,676.75. Following the completion of the sale, the director now owns 2,197,057 shares of the company’s stock, valued at approximately $149,949,140.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director William H. Lyon sold 28,259 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $68.25, for a total transaction of $1,928,676.75. Following the completion of the transaction, the director now owns 2,197,057 shares of the company’s stock, valued at approximately $149,949,140.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director William H. Lyon sold 30,000 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $64.33, for a total value of $1,929,900.00. Following the sale, the director now owns 2,255,316 shares of the company’s stock, valued at $145,084,478.28. The disclosure for this sale can be found here. Insiders have sold a total of 90,000 shares of company stock valued at $5,966,317 in the last ninety days. 3.50% of the stock is currently owned by company insiders.

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.