Teacher Retirement System of Texas Has $8.50 Million Stock Position in Taylor Morrison Home Corporation $TMHC

Teacher Retirement System of Texas reduced its position in Taylor Morrison Home Corporation (NYSE:TMHC) by 14.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 128,765 shares of the construction company’s stock after selling 20,955 shares during the period. Teacher Retirement System of Texas’ holdings in Taylor Morrison Home were worth $8,500,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TMHC. ORG Partners LLC acquired a new stake in shares of Taylor Morrison Home during the 3rd quarter valued at about $26,000. Root Financial Partners LLC bought a new position in Taylor Morrison Home during the third quarter valued at approximately $27,000. Atlantic Union Bankshares Corp bought a new position in Taylor Morrison Home during the second quarter valued at approximately $28,000. AlphaCore Capital LLC acquired a new stake in Taylor Morrison Home in the second quarter valued at approximately $37,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Taylor Morrison Home during the 3rd quarter worth $49,000. 95.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wedbush reaffirmed an “outperform” rating and issued a $85.00 price objective on shares of Taylor Morrison Home in a research note on Thursday, October 23rd. Citizens Jmp initiated coverage on Taylor Morrison Home in a research report on Wednesday, January 7th. They issued a “market outperform” rating and a $95.00 price target for the company. Bank of America reiterated a “neutral” rating and set a $70.00 price target (up previously from $68.00) on shares of Taylor Morrison Home in a research note on Friday, January 16th. Citigroup assumed coverage on Taylor Morrison Home in a report on Wednesday, January 7th. They set an “outperform” rating on the stock. Finally, Barclays restated an “overweight” rating and issued a $71.00 target price on shares of Taylor Morrison Home in a report on Monday, December 8th. Eight equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $77.14.

Taylor Morrison Home Trading Down 1.7%

Shares of NYSE:TMHC opened at $62.21 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.02 and a current ratio of 7.02. The stock’s 50-day moving average is $61.31 and its 200-day moving average is $63.29. The company has a market cap of $6.08 billion, a P/E ratio of 7.50 and a beta of 1.59. Taylor Morrison Home Corporation has a 52-week low of $51.90 and a 52-week high of $72.50.

Taylor Morrison Home Company Profile

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.