Taylor Morrison Home Corp (TMHC) Shares Bought by Teachers Advisors LLC

Teachers Advisors LLC lifted its stake in Taylor Morrison Home Corp (NASDAQ:TMHC) by 207.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 201,792 shares of the construction company’s stock after buying an additional 136,106 shares during the quarter. Teachers Advisors LLC owned approximately 0.34% of Taylor Morrison Home Corp worth $4,845,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its holdings in shares of Taylor Morrison Home Corp by 34.2% in the first quarter. Victory Capital Management Inc. now owns 6,315 shares of the construction company’s stock worth $135,000 after buying an additional 1,608 shares in the last quarter. UBS Group AG lifted its holdings in shares of Taylor Morrison Home Corp by 4.7% in the first quarter. UBS Group AG now owns 6,909 shares of the construction company’s stock worth $147,000 after buying an additional 307 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Taylor Morrison Home Corp by 20.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,409 shares of the construction company’s stock worth $154,000 after buying an additional 1,110 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Taylor Morrison Home Corp by 52.9% in the second quarter. Great West Life Assurance Co. Can now owns 6,882 shares of the construction company’s stock worth $165,000 after buying an additional 2,382 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of Taylor Morrison Home Corp by 717.3% in the second quarter. BNP Paribas Arbitrage SA now owns 7,470 shares of the construction company’s stock worth $179,000 after buying an additional 6,556 shares in the last quarter.

Shares of Taylor Morrison Home Corp (TMHC) opened at 22.68 on Thursday. The company has a market cap of $1.64 billion and a PE ratio of 13.65. Taylor Morrison Home Corp has a 12 month low of $15.82 and a 12 month high of $24.79. The company has a 50-day moving average of $21.19 and a 200 day moving average of $22.53.

Taylor Morrison Home Corp (NASDAQ:TMHC) last announced its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.08. The company had revenue of $908.49 million for the quarter, compared to analyst estimates of $849.70 million. Taylor Morrison Home Corp had a return on equity of 9.57% and a net margin of 6.16%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.37 EPS. On average, analysts anticipate that Taylor Morrison Home Corp will post $1.91 earnings per share for the current year.

Taylor Morrison Home Corp declared that its Board of Directors has authorized a share repurchase plan on Monday, September 18th that permits the company to repurchase $43.60 million in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 2.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

In other Taylor Morrison Home Corp news, insider C. David Cone sold 20,000 shares of the firm’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $22.83, for a total value of $456,600.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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TMHC has been the topic of several research analyst reports. Zacks Investment Research raised shares of Taylor Morrison Home Corp from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Tuesday, July 4th. BidaskClub raised shares of Taylor Morrison Home Corp from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 12th. Finally, Deutsche Bank AG boosted their target price on shares of Taylor Morrison Home Corp from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Monday, August 7th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $24.00.

About Taylor Morrison Home Corp

Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).

Institutional Ownership by Quarter for Taylor Morrison Home Corp (NASDAQ:TMHC)

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