State of Alaska Department of Revenue Cuts Position in Taylor Morrison Home Co. (NYSE:TMHC)

State of Alaska Department of Revenue trimmed its position in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,798 shares of the construction company’s stock after selling 310 shares during the period. State of Alaska Department of Revenue’s holdings in Taylor Morrison Home were worth $722,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in Taylor Morrison Home during the 3rd quarter worth about $29,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Taylor Morrison Home during the third quarter worth about $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Taylor Morrison Home by 43.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock worth $49,000 after purchasing an additional 243 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Taylor Morrison Home during the fourth quarter worth about $61,000. Finally, Peterson Financial Group Inc. acquired a new position in shares of Taylor Morrison Home in the third quarter valued at approximately $62,000. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TMHC shares. Royal Bank of Canada boosted their price target on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday. JPMorgan Chase & Co. lowered their target price on 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. BTIG Research increased their price target on Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Raymond James reissued an “outperform” rating and set a $84.00 price objective (up from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. Finally, Barclays upgraded shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $75.00 to $90.00 in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $83.57.

Insider Activity at Taylor Morrison Home

In related news, Director William H. Lyon sold 24,284 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the transaction, the director now owns 2,045,316 shares in the company, valued at $152,294,229.36. This trade represents a 1.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.50% of the stock is owned by corporate insiders.

Taylor Morrison Home Price Performance

Shares of NYSE TMHC opened at $64.11 on Friday. The stock’s 50-day simple moving average is $63.52 and its 200-day simple moving average is $66.36. The firm has a market capitalization of $6.63 billion, a PE ratio of 8.48 and a beta of 2.03. Taylor Morrison Home Co. has a fifty-two week low of $53.17 and a fifty-two week high of $75.49. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. As a group, equities research analysts forecast that Taylor Morrison Home Co. will post 8.44 EPS for the current fiscal 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.