Teacher Retirement System of Texas Purchases 8,617 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Teacher Retirement System of Texas grew its holdings in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 11.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,671 shares of the construction company's stock after acquiring an additional 8,617 shares during the quarter. Teacher Retirement System of Texas owned 0.08% of Taylor Morrison Home worth $5,183,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of TMHC. V Square Quantitative Management LLC grew its position in Taylor Morrison Home by 68.1% in the 4th quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company's stock worth $42,000 after purchasing an additional 277 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Taylor Morrison Home by 43.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock valued at $49,000 after acquiring an additional 243 shares in the last quarter. SRS Capital Advisors Inc. bought a new stake in shares of Taylor Morrison Home in the 4th quarter worth approximately $51,000. Smartleaf Asset Management LLC grew its holdings in shares of Taylor Morrison Home by 41.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company's stock worth $51,000 after purchasing an additional 243 shares in the last quarter. Finally, R Squared Ltd bought a new stake in shares of Taylor Morrison Home during the fourth quarter valued at approximately $61,000. Institutional investors and hedge funds own 95.16% of the company's stock.

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Taylor Morrison Home Price Performance

Shares of TMHC traded up $0.38 during mid-day trading on Thursday, hitting $61.27. 832,583 shares of the company traded hands, compared to its average volume of 824,207. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average of $62.62 and a 200 day moving average of $65.75. Taylor Morrison Home Co. has a one year low of $53.17 and a one year high of $75.49. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 7.40 and a beta of 2.06.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, topping analysts' consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. As a group, equities analysts expect that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on TMHC shares. Barclays upgraded shares of Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $75.00 to $90.00 in a research report on Wednesday, December 11th. Royal Bank of Canada increased their target price on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. JPMorgan Chase & Co. decreased their price target on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Seaport Res Ptn upgraded Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Finally, StockNews.com downgraded shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $82.43.

Insider Transactions at Taylor Morrison Home

In related news, CAO Joseph Terracciano sold 1,537 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total transaction of $93,372.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David C. Merritt sold 2,402 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The disclosure for this sale can be found here. 3.50% of the stock is owned by corporate insiders.

About Taylor Morrison Home

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.