Taylor Morrison Home Corp (NASDAQ:TMHC) Position Lifted by California Public Employees Retirement System

California Public Employees Retirement System raised its holdings in Taylor Morrison Home Corp (NASDAQ:TMHC) by 9.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 75,900 shares of the construction company’s stock after buying an additional 6,800 shares during the quarter. California Public Employees Retirement System owned 0.13% of Taylor Morrison Home Corp worth $1,822,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in TMHC. UBS Group AG grew its stake in Taylor Morrison Home Corp by 4.7% in the first quarter. UBS Group AG now owns 6,909 shares of the construction company’s stock valued at $147,000 after acquiring an additional 307 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Taylor Morrison Home Corp by 20.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,409 shares of the construction company’s stock valued at $154,000 after buying an additional 1,110 shares during the period. Victory Capital Management Inc. raised its stake in Taylor Morrison Home Corp by 17.6% in the second quarter. Victory Capital Management Inc. now owns 7,429 shares of the construction company’s stock valued at $178,000 after buying an additional 1,114 shares during the period. Paloma Partners Management Co grew its position in shares of Taylor Morrison Home Corp by 10.5% in the first quarter. Paloma Partners Management Co now owns 11,808 shares of the construction company’s stock valued at $251,000 after purchasing an additional 1,126 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of Taylor Morrison Home Corp by 11.6% in the 1st quarter. Parametric Portfolio Associates LLC now owns 16,219 shares of the construction company’s stock valued at $346,000 after purchasing an additional 1,692 shares in the last quarter.

Several research analysts recently issued reports on TMHC shares. BidaskClub lowered Taylor Morrison Home Corp from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. ValuEngine lowered Taylor Morrison Home Corp from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 2nd. Deutsche Bank AG raised their target price on Taylor Morrison Home Corp from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, August 7th. B. Riley reiterated a “neutral” rating on shares of Taylor Morrison Home Corp in a research note on Thursday, November 2nd. Finally, Zacks Investment Research cut shares of Taylor Morrison Home Corp from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Taylor Morrison Home Corp presently has a consensus rating of “Hold” and an average target price of $24.00.

Taylor Morrison Home Corp (TMHC) traded up $0.05 during mid-day trading on Monday, reaching $22.98. 1,466,700 shares of the company were exchanged, compared to its average volume of 1,131,146. Taylor Morrison Home Corp has a 12 month low of $18.26 and a 12 month high of $24.79.

Taylor Morrison Home Corp (NASDAQ:TMHC) last posted its quarterly earnings results on Wednesday, November 1st. The construction company reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.04. Taylor Morrison Home Corp had a net margin of 6.16% and a return on equity of 9.57%. The firm had revenue of $908.00 million for the quarter, compared to analysts’ expectations of $914.19 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. The business’s revenue for the quarter was up 6.4% on a year-over-year basis.

Taylor Morrison Home Corp announced that its Board of Directors has authorized a share repurchase plan on Monday, September 18th that authorizes the company to buyback $43.60 million in shares. This buyback authorization authorizes the construction company to reacquire up to 2.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

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In other news, insider C. David Cone sold 35,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $23.79, for a total transaction of $832,650.00. Following the sale, the insider now directly owns 42,511 shares in the company, valued at approximately $1,011,336.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Taylor Morrison Home Corp Profile

Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).

Institutional Ownership by Quarter for Taylor Morrison Home Corp (NASDAQ:TMHC)

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