Louisiana State Employees Retirement System Acquires New Holdings in Taylor Morrison Home Corporation $TMHC

Louisiana State Employees Retirement System bought a new position in Taylor Morrison Home Corporation (NYSE:TMHC) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 28,300 shares of the construction company’s stock, valued at approximately $1,648,000.

Several other large investors also recently made changes to their positions in TMHC. Miller Capital Partners Inc. bought a new position in Taylor Morrison Home in the 4th quarter valued at about $27,000. Pinnacle Holdings LLC bought a new position in shares of Taylor Morrison Home in the third quarter valued at approximately $32,000. Brown Brothers Harriman & Co. acquired a new position in shares of Taylor Morrison Home during the fourth quarter valued at approximately $33,000. Huntington National Bank increased its stake in shares of Taylor Morrison Home by 2,074.1% during the third quarter. Huntington National Bank now owns 587 shares of the construction company’s stock valued at $39,000 after acquiring an additional 560 shares during the period. Finally, V Square Quantitative Management LLC bought a new stake in Taylor Morrison Home during the fourth quarter worth approximately $40,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

Shares of TMHC opened at $71.76 on Thursday. The company’s 50 day moving average price is $65.08 and its 200 day moving average price is $62.85. Taylor Morrison Home Corporation has a 52 week low of $54.15 and a 52 week high of $72.50. The company has a market capitalization of $6.70 billion, a PE ratio of 10.71, a PEG ratio of 1.68 and a beta of 1.44. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.45 and a current ratio of 7.66.

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

Analysts Set New Price Targets

TMHC has been the subject of a number of research reports. Raymond James Financial lowered Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research note on Friday, June 26th. Weiss Ratings downgraded shares of Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, April 24th. Zacks Research raised Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 22nd. Citizens Jmp downgraded Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a research report on Monday, June 1st. Finally, Royal Bank Of Canada lowered Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from $69.00 to $72.50 in a research note on Tuesday, June 2nd. Three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $76.86.

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.