28,300 Shares in Taylor Morrison Home Corporation $TMHC Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new position in shares of Taylor Morrison Home Corporation (NYSE:TMHC) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 28,300 shares of the construction company’s stock, valued at approximately $1,648,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. OP Asset Management Ltd acquired a new position in shares of Taylor Morrison Home in the 1st quarter valued at $835,000. Assenagon Asset Management S.A. raised its position in Taylor Morrison Home by 96.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 2,554,498 shares of the construction company’s stock valued at $148,774,000 after purchasing an additional 1,251,558 shares during the last quarter. SG Americas Securities LLC boosted its stake in Taylor Morrison Home by 416.8% in the first quarter. SG Americas Securities LLC now owns 111,587 shares of the construction company’s stock worth $6,499,000 after purchasing an additional 89,997 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Taylor Morrison Home by 10.4% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 716,925 shares of the construction company’s stock worth $41,754,000 after purchasing an additional 67,785 shares during the last quarter. Finally, Triad Wealth Partners LLC increased its stake in shares of Taylor Morrison Home by 4.3% in the first quarter. Triad Wealth Partners LLC now owns 8,878 shares of the construction company’s stock valued at $517,000 after buying an additional 366 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Seaport Research Partners reissued a “sell” rating and set a $49.00 price objective (down from $85.00) on shares of Taylor Morrison Home in a report on Tuesday, April 7th. Truist Financial decreased their price target on shares of Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating on the stock in a research note on Monday, June 1st. Bank of America dropped their price objective on shares of Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating for the company in a research report on Monday, April 20th. Weiss Ratings downgraded Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, April 24th. Finally, Royal Bank Of Canada lowered Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from $69.00 to $72.50 in a research report on Tuesday, June 2nd. Three research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Taylor Morrison Home has an average rating of “Hold” and an average price target of $76.86.

Taylor Morrison Home Stock Performance

TMHC stock opened at $71.76 on Thursday. The business’s fifty day moving average is $65.08 and its 200-day moving average is $62.85. The company has a quick ratio of 1.45, a current ratio of 7.66 and a debt-to-equity ratio of 0.37. The company has a market cap of $6.70 billion, a P/E ratio of 10.71, a price-to-earnings-growth ratio of 1.68 and a beta of 1.44. Taylor Morrison Home Corporation has a twelve month low of $54.15 and a twelve month high of $72.50.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.30. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Taylor Morrison Home had a return on equity of 11.48% and a net margin of 8.77%.The firm’s quarterly revenue was down 26.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.07 earnings per share. Equities research analysts forecast that Taylor Morrison Home Corporation will post 5.26 EPS for the current year.

About Taylor Morrison Home

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company’s portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company’s heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.