VIRGINIA RETIREMENT SYSTEMS ET Al Invests $624,000 in Taylor Morrison Home Corporation $TMHC

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Taylor Morrison Home Corporation (NYSE:TMHC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,600 shares of the construction company’s stock, valued at approximately $624,000.

A number of other institutional investors and hedge funds have also modified their holdings of TMHC. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Taylor Morrison Home by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 299,888 shares of the construction company’s stock worth $18,005,000 after buying an additional 16,379 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Taylor Morrison Home by 30.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 899 shares of the construction company’s stock worth $55,000 after buying an additional 211 shares during the last quarter. M&T Bank Corp acquired a new stake in shares of Taylor Morrison Home in the second quarter worth $262,000. EverSource Wealth Advisors LLC lifted its stake in shares of Taylor Morrison Home by 406.8% in the second quarter. EverSource Wealth Advisors LLC now owns 897 shares of the construction company’s stock worth $55,000 after buying an additional 720 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of Taylor Morrison Home by 12.0% in the second quarter. Marshall Wace LLP now owns 8,029 shares of the construction company’s stock worth $493,000 after buying an additional 859 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Performance

Shares of NYSE TMHC opened at $54.80 on Monday. The business has a fifty day simple moving average of $59.56 and a 200 day simple moving average of $61.24. The company has a current ratio of 7.66, a quick ratio of 1.45 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $5.12 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 1.34 and a beta of 1.51. Taylor Morrison Home Corporation has a one year low of $54.58 and a one year high of $72.50.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, April 22nd. The construction company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.30. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.33 billion. Taylor Morrison Home had a return on equity of 11.48% and a net margin of 8.77%.Taylor Morrison Home’s revenue was down 26.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.07 earnings per share. Sell-side analysts expect that Taylor Morrison Home Corporation will post 5.06 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on TMHC shares. Bank of America cut their price target on Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Zacks Research upgraded Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 22nd. Seaport Research Partners reiterated a “sell” rating and set a $49.00 price target (down from $85.00) on shares of Taylor Morrison Home in a report on Tuesday, April 7th. Barclays upped their price target on Taylor Morrison Home from $68.00 to $69.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Finally, Royal Bank Of Canada upped their price target on Taylor Morrison Home from $68.00 to $69.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.43.

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.