California State Teachers Retirement System increased its position in Taylor Morrison Home Corp (NASDAQ:TMHC) by 37.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,411 shares of the construction company’s stock after buying an additional 29,571 shares during the period. California State Teachers Retirement System owned about 0.15% of Taylor Morrison Home Corp worth $2,603,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC acquired a new position in Taylor Morrison Home Corp during the second quarter worth approximately $477,000. The Manufacturers Life Insurance Company increased its position in Taylor Morrison Home Corp by 72.2% during the second quarter. The Manufacturers Life Insurance Company now owns 48,262 shares of the construction company’s stock worth $1,159,000 after purchasing an additional 20,234 shares during the last quarter. Cubist Systematic Strategies LLC increased its position in Taylor Morrison Home Corp by 111.3% during the second quarter. Cubist Systematic Strategies LLC now owns 77,833 shares of the construction company’s stock worth $1,869,000 after purchasing an additional 41,004 shares during the last quarter. Sciencast Management LP acquired a new position in Taylor Morrison Home Corp during the second quarter worth approximately $620,000. Finally, State Street Corp increased its position in Taylor Morrison Home Corp by 80.9% during the second quarter. State Street Corp now owns 1,902,461 shares of the construction company’s stock worth $45,680,000 after purchasing an additional 850,685 shares during the last quarter.

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Shares of Taylor Morrison Home Corp (TMHC) opened at $22.98 on Friday. Taylor Morrison Home Corp has a 52-week low of $18.26 and a 52-week high of $24.79.

Taylor Morrison Home Corp (NASDAQ:TMHC) last released its quarterly earnings data on Wednesday, November 1st. The construction company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.04. Taylor Morrison Home Corp had a net margin of 6.16% and a return on equity of 9.57%. The company had revenue of $908.00 million during the quarter, compared to analyst estimates of $914.19 million. During the same quarter in the prior year, the business earned $0.49 earnings per share. The business’s quarterly revenue was up 6.4% compared to the same quarter last year.

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

In other news, insider C. David Cone sold 35,000 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $23.79, for a total value of $832,650.00. Following the completion of the sale, the insider now owns 42,511 shares of the company’s stock, valued at $1,011,336.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Several brokerages recently commented on TMHC. B. Riley reaffirmed a “neutral” rating on shares of Taylor Morrison Home Corp in a research report on Thursday, November 2nd. BidaskClub lowered shares of Taylor Morrison Home Corp from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. ValuEngine lowered shares of Taylor Morrison Home Corp from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 2nd. Deutsche Bank AG upped their price target on shares of Taylor Morrison Home Corp from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, August 7th. Finally, Zacks Investment Research lowered shares of Taylor Morrison Home Corp from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $24.00.

Taylor Morrison Home Corp Profile

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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