Public Employees Retirement Association of Colorado Sells 3,593 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Public Employees Retirement Association of Colorado decreased its position in Taylor Morrison Home Co. (NYSE:TMHC) by 38.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,851 shares of the construction company’s stock after selling 3,593 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Taylor Morrison Home were worth $324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of TMHC. EMG Holdings L.P. bought a new stake in Taylor Morrison Home in the second quarter worth $6,098,000. Inspire Investing LLC grew its stake in shares of Taylor Morrison Home by 6.6% in the 2nd quarter. Inspire Investing LLC now owns 7,145 shares of the construction company’s stock worth $396,000 after buying an additional 445 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in shares of Taylor Morrison Home by 22.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 132,901 shares of the construction company’s stock worth $7,368,000 after buying an additional 24,500 shares during the last quarter. Seven Eight Capital LP purchased a new stake in shares of Taylor Morrison Home during the 2nd quarter valued at about $734,000. Finally, Hsbc Holdings PLC lifted its holdings in shares of Taylor Morrison Home by 212.5% in the 2nd quarter. Hsbc Holdings PLC now owns 31,780 shares of the construction company’s stock valued at $1,768,000 after acquiring an additional 21,611 shares during the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Taylor Morrison Home Stock Performance

TMHC stock opened at $70.27 on Friday. The firm has a market cap of $7.32 billion, a price-to-earnings ratio of 10.05 and a beta of 1.96. Taylor Morrison Home Co. has a twelve month low of $37.23 and a twelve month high of $71.95. The company has a quick ratio of 0.67, a current ratio of 6.01 and a debt-to-equity ratio of 0.39. The business’s fifty day simple moving average is $65.44 and its two-hundred day simple moving average is $60.29.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, July 24th. The construction company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.91 by $0.06. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.87 billion. Taylor Morrison Home had a net margin of 9.92% and a return on equity of 14.99%. Analysts predict that Taylor Morrison Home Co. will post 8.15 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Royal Bank of Canada boosted their price objective on Taylor Morrison Home from $63.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Zelman & Associates upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. BTIG Research raised shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 price objective for the company in a research note on Monday, August 19th. Wedbush reissued a “neutral” rating and issued a $65.00 target price (up previously from $61.00) on shares of Taylor Morrison Home in a research note on Wednesday, July 24th. Finally, StockNews.com cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $70.17.

Insider Activity

In other Taylor Morrison Home news, Director William H. Lyon sold 30,000 shares of the firm’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $66.31, for a total transaction of $1,989,300.00. Following the transaction, the director now directly owns 2,225,316 shares in the company, valued at approximately $147,560,703.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director William H. Lyon sold 1,741 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $68.03, for a total value of $118,440.23. Following the completion of the sale, the director now owns 2,195,316 shares of the company’s stock, valued at approximately $149,347,347.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William H. Lyon sold 30,000 shares of Taylor Morrison Home stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $66.31, for a total transaction of $1,989,300.00. Following the transaction, the director now directly owns 2,225,316 shares in the company, valued at $147,560,703.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 90,072 shares of company stock valued at $5,971,357. Corporate insiders own 3.50% of the company’s stock.

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.