California State Teachers Retirement System Acquires 22,348 Shares of Taylor Morrison Home Corporation $TMHC

California State Teachers Retirement System grew its holdings in Taylor Morrison Home Corporation (NYSE:TMHC) by 24.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 115,163 shares of the construction company’s stock after acquiring an additional 22,348 shares during the period. California State Teachers Retirement System’s holdings in Taylor Morrison Home were worth $6,707,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Miller Capital Partners Inc. acquired a new position in shares of Taylor Morrison Home in the fourth quarter valued at $27,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Taylor Morrison Home during the 4th quarter worth about $33,000. Root Financial Partners LLC lifted its stake in shares of Taylor Morrison Home by 65.7% during the 1st quarter. Root Financial Partners LLC now owns 638 shares of the construction company’s stock worth $37,000 after buying an additional 253 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Taylor Morrison Home during the 4th quarter worth about $40,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Taylor Morrison Home during the 4th quarter worth about $45,000. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Performance

Shares of NYSE:TMHC opened at $72.45 on Thursday. Taylor Morrison Home Corporation has a 1 year low of $54.15 and a 1 year high of $72.50. The stock has a market capitalization 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 has a debt-to-equity ratio of 0.37, a current ratio of 7.66 and a quick ratio of 1.45. The company’s 50 day simple moving average is $71.42 and its 200 day simple moving average is $64.86.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Royal Bank Of Canada downgraded Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and upped their target price for the company from $69.00 to $72.50 in a research report on Tuesday, June 2nd. Citigroup cut Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research report on Monday, June 1st. Truist Financial reduced their target price on shares of Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating for the company in a research report on Monday, June 1st. Wolfe Research lowered shares of Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, June 10th. Finally, Citizens Jmp cut shares of Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a research note on Monday, June 1st. Two research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average 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.