State of New Jersey Common Pension Fund D Sells 1,231 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

State of New Jersey Common Pension Fund D reduced its stake in Taylor Morrison Home Co. (NYSE:TMHC) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,191 shares of the construction company’s stock after selling 1,231 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Taylor Morrison Home were worth $1,848,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new position in shares of Taylor Morrison Home during the 3rd quarter valued at approximately $34,000. V Square Quantitative Management LLC lifted its position in Taylor Morrison Home by 68.1% during the fourth quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company’s stock valued at $42,000 after purchasing an additional 277 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Taylor Morrison Home by 43.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock worth $49,000 after buying an additional 243 shares in the last quarter. R Squared Ltd purchased a new position in shares of Taylor Morrison Home in the 4th quarter worth $61,000. Finally, Peterson Financial Group Inc. bought a new stake in shares of Taylor Morrison Home in the 3rd quarter worth about $62,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on TMHC. StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Seaport Res Ptn cut Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a report on Monday, January 27th. Wolfe Research upgraded Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price objective on shares of Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Finally, Royal Bank of Canada increased their target price on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $82.43.

Taylor Morrison Home Stock Performance

TMHC stock opened at $64.01 on Wednesday. Taylor Morrison Home Co. has a twelve month low of $53.17 and a twelve month high of $75.49. The firm has a market cap of $6.62 billion, a price-to-earnings ratio of 7.73 and a beta of 2.03. The business’s fifty day simple moving average is $62.85 and its two-hundred day simple moving average is $66.33. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. Analysts predict that Taylor Morrison Home Co. will post 8.93 earnings per share for the current year.

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.