Retirement Systems of Alabama Has $17.14 Million Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Retirement Systems of Alabama lowered its stake in Taylor Morrison Home Co. (NYSE:TMHC) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 280,020 shares of the construction company’s stock after selling 809 shares during the quarter. Retirement Systems of Alabama owned approximately 0.27% of Taylor Morrison Home worth $17,140,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Creative Planning increased its position in shares of Taylor Morrison Home by 21.1% during the 2nd quarter. Creative Planning now owns 20,315 shares of the construction company’s stock worth $1,126,000 after purchasing an additional 3,533 shares during the last quarter. Cetera Investment Advisers increased its holdings in Taylor Morrison Home by 38.6% during the second quarter. Cetera Investment Advisers now owns 25,446 shares of the construction company’s stock worth $1,411,000 after buying an additional 7,086 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Taylor Morrison Home during the second quarter worth $766,000. SG Americas Securities LLC lifted its stake in Taylor Morrison Home by 121.6% in the third quarter. SG Americas Securities LLC now owns 5,327 shares of the construction company’s stock valued at $374,000 after acquiring an additional 2,923 shares during the last quarter. Finally, Park Avenue Securities LLC grew its position in shares of Taylor Morrison Home by 17.8% in the 3rd quarter. Park Avenue Securities LLC now owns 6,163 shares of the construction company’s stock valued at $433,000 after acquiring an additional 932 shares during the period. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Performance

NYSE TMHC opened at $64.44 on Friday. The firm has a 50-day moving average price of $64.62 and a two-hundred day moving average price of $66.48. Taylor Morrison Home Co. has a 12-month low of $52.39 and a 12-month high of $75.49. The company has a market capitalization of $6.67 billion, a P/E ratio of 8.52 and a beta of 2.03. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, December 13th. Royal Bank of Canada lifted their target price on Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Seaport Res Ptn cut Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research note on Monday, January 27th. Barclays raised shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $75.00 to $90.00 in a research report on Wednesday, December 11th. Finally, Wolfe Research raised shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective on the stock in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Taylor Morrison Home currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.00.

Insider Buying and Selling

In other Taylor Morrison Home news, Director William H. Lyon sold 24,284 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the sale, the director now directly owns 2,045,316 shares in the company, valued at $152,294,229.36. This represents a 1.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.50% of the stock is currently owned by company insiders.

Taylor Morrison Home Company Profile

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.