California Public Employees Retirement System Lowers Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

California Public Employees Retirement System decreased its position in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,688 shares of the construction company's stock after selling 7,819 shares during the period. California Public Employees Retirement System owned approximately 0.16% of Taylor Morrison Home worth $10,142,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Lord Abbett & CO. LLC lifted its stake in shares of Taylor Morrison Home by 2.5% in the third quarter. Lord Abbett & CO. LLC now owns 463,287 shares of the construction company's stock worth $32,550,000 after buying an additional 11,302 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Taylor Morrison Home by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company's stock worth $144,144,000 after acquiring an additional 69,222 shares during the last quarter. Sheets Smith Wealth Management bought a new position in Taylor Morrison Home in the 4th quarter valued at approximately $550,000. JPMorgan Chase & Co. lifted its position in Taylor Morrison Home by 24.0% in the 4th quarter. JPMorgan Chase & Co. now owns 811,253 shares of the construction company's stock valued at $49,657,000 after acquiring an additional 156,793 shares in the last quarter. Finally, Financial Enhancement Group LLC purchased a new stake in Taylor Morrison Home during the 4th quarter valued at $5,840,000. 95.16% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Taylor Morrison Home

In other Taylor Morrison Home news, Director David C. Merritt sold 2,402 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Joseph Terracciano sold 1,537 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total transaction of $93,372.75. The disclosure for this sale can be found here. Corporate insiders own 3.50% of the company's stock.

Taylor Morrison Home Stock Performance

NYSE TMHC traded up $0.38 during trading hours on Friday, hitting $55.71. 926,509 shares of the company's stock traded hands, compared to its average volume of 888,123. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36. Taylor Morrison Home Co. has a 52 week low of $51.90 and a 52 week high of $75.49. The firm has a market capitalization of $5.67 billion, a P/E ratio of 6.73 and a beta of 1.76. The business's fifty day moving average price is $60.49 and its two-hundred day moving average price is $64.78.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 EPS for the quarter, topping the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. Equities research analysts predict that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on TMHC shares. JPMorgan Chase & Co. lowered their price target on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. StockNews.com lowered shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Royal Bank of Canada increased their price objective on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Finally, Barclays cut their target price on shares of Taylor Morrison Home from $90.00 to $70.00 and set an "overweight" rating for the company in a research report on Tuesday. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Taylor Morrison Home currently has an average rating of "Moderate Buy" and a consensus target price of $79.57.

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.