New York State Common Retirement Fund Acquires 96,798 Shares of Taylor Morrison Home Corporation $TMHC

New York State Common Retirement Fund grew its holdings in Taylor Morrison Home Corporation (NYSE:TMHC) by 67.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 239,637 shares of the construction company’s stock after purchasing an additional 96,798 shares during the period. New York State Common Retirement Fund owned approximately 0.24% of Taylor Morrison Home worth $15,818,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of TMHC. ORG Partners LLC purchased a new stake in shares of Taylor Morrison Home during the third quarter worth $26,000. Root Financial Partners LLC purchased a new position in shares of Taylor Morrison Home in the third quarter valued at $27,000. Atlantic Union Bankshares Corp bought a new stake in shares of Taylor Morrison Home during the 2nd quarter valued at $28,000. AlphaCore Capital LLC purchased a new stake in Taylor Morrison Home during the 2nd quarter worth about $37,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in Taylor Morrison Home in the 3rd quarter worth about $49,000. 95.16% of the stock is owned by institutional investors.

Taylor Morrison Home Price Performance

Shares of Taylor Morrison Home stock opened at $60.93 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.02 and a quick ratio of 1.02. Taylor Morrison Home Corporation has a one year low of $51.90 and a one year high of $72.50. The business’s 50 day simple moving average is $61.59 and its two-hundred day simple moving average is $63.20. The stock has a market capitalization of $5.95 billion, a P/E ratio of 7.34 and a beta of 1.59.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TMHC shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $62.00 price target on shares of Taylor Morrison Home in a report on Friday, January 9th. Zacks Research cut shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. Wedbush reissued an “outperform” rating and issued a $85.00 price target on shares of Taylor Morrison Home in a report on Thursday, October 23rd. Barclays restated an “overweight” rating and set a $71.00 price target on shares of Taylor Morrison Home in a research report on Monday, December 8th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Taylor Morrison Home in a research report on Monday, December 29th. Eight analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Taylor Morrison Home presently has a consensus rating of “Moderate Buy” and an average target price of $77.14.

Taylor Morrison Home 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.