Taylor Morrison Home Corporation $TMHC Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio reduced its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 46.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,148 shares of the construction company’s stock after selling 11,414 shares during the period. Public Employees Retirement System of Ohio’s holdings in Taylor Morrison Home were worth $766,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Assetmark Inc. grew its position in Taylor Morrison Home by 2.7% during the fourth quarter. Assetmark Inc. now owns 797,997 shares of the construction company’s stock worth $46,978,000 after buying an additional 21,150 shares during the period. SG Americas Securities LLC lifted its position in shares of Taylor Morrison Home by 521.5% during the 4th quarter. SG Americas Securities LLC now owns 21,590 shares of the construction company’s stock valued at $1,271,000 after acquiring an additional 18,116 shares during the period. M&T Bank Corp boosted its stake in shares of Taylor Morrison Home by 28,246.3% during the 4th quarter. M&T Bank Corp now owns 1,058,169 shares of the construction company’s stock worth $62,294,000 after acquiring an additional 1,054,436 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Taylor Morrison Home in the 4th quarter worth approximately $624,000. Finally, Vaughan Nelson Investment Management L.P. grew its holdings in shares of Taylor Morrison Home by 10.4% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 716,925 shares of the construction company’s stock worth $41,754,000 after acquiring an additional 67,785 shares during the period. 95.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Raymond James Financial cut Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a report on Friday, June 26th. Truist Financial lowered their target price on Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating on the stock in a report on Monday, June 1st. Zacks Research upgraded Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 22nd. Seaport Research Partners reaffirmed a “sell” rating and set a $49.00 price target (down from $85.00) on shares of Taylor Morrison Home in a research note on Tuesday, April 7th. Finally, Royal Bank Of Canada lowered shares of Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $69.00 to $72.50 in a research report on Tuesday, June 2nd. Two research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Taylor Morrison Home has an average rating of “Hold” and a consensus target price of $77.43.

Taylor Morrison Home Price Performance

NYSE:TMHC opened at $72.45 on Wednesday. Taylor Morrison Home Corporation has a 12-month low of $54.15 and a 12-month high of $72.50. The firm has a market cap of $6.77 billion, a price-to-earnings ratio of 10.81, a price-to-earnings-growth ratio of 1.70 and a beta of 1.44. The company’s 50-day moving average is $71.16 and its two-hundred day moving average is $64.80. The company has a current ratio of 7.66, a quick ratio of 1.45 and a debt-to-equity ratio of 0.37.

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.