California Public Workers Retirement System lessened its stake in Taylor Morrison Residence Co. (NYSE:TMHC – Free Report) by 2.3% throughout the fourth quarter, in keeping with the corporate in its most up-to-date 13F submitting with the Securities & Alternate Fee. The fund owned 220,324 shares of the development firm’s inventory after promoting 5,280 shares throughout the quarter. California Public Workers Retirement System owned about 0.21% of Taylor Morrison Residence price $11,754,000 on the finish of the latest quarter.
Different hedge funds additionally lately made modifications to their positions within the firm. IFP Advisors Inc boosted its holdings in shares of Taylor Morrison Residence by 138.9% within the third quarter. IFP Advisors Inc now owns 614 shares of the development firm’s inventory valued at $26,000 after buying an extra 357 shares over the last quarter. Daiwa Securities Group Inc. acquired a brand new place in shares of Taylor Morrison Residence throughout the 4th quarter valued at $48,000. CWM LLC lifted its holdings in shares of Taylor Morrison Residence by 17.2% throughout the 4th quarter. CWM LLC now owns 1,804 shares of the development firm’s inventory valued at $96,000 after buying an extra 265 shares within the final quarter. Neo Ivy Capital Administration acquired a brand new place in shares of Taylor Morrison Residence throughout the third quarter valued at $108,000. Lastly, Blue Belief Inc. lifted its holdings in shares of Taylor Morrison Residence by 200.5% throughout the 4th quarter. Blue Belief Inc. now owns 3,254 shares of the development firm’s inventory valued at $174,000 after buying an extra 2,171 shares within the final quarter. Institutional buyers and hedge funds personal 95.16% of the corporate’s inventory.
Wall Road Analysts Forecast Progress
A number of equities analysts lately weighed in on the inventory. Zelman & Associates upgraded shares of Taylor Morrison Residence from an “underperform” ranking to a “impartial” ranking in a report on Friday, April twelfth. Royal Financial institution of Canada lifted their goal worth on shares of Taylor Morrison Residence from $61.00 to $63.00 and gave the corporate an “outperform” ranking in a report on Wednesday. Barclays lifted their goal worth on shares of Taylor Morrison Residence from $55.00 to $60.00 and gave the corporate an “equal weight” ranking in a report on Thursday, February fifteenth. StockNews.com lowered shares of Taylor Morrison Residence from a “purchase” ranking to a “maintain” ranking in a report on Thursday, March twenty first. Lastly, Wedbush restated a “impartial” ranking and set a $55.00 goal worth on shares of Taylor Morrison Residence in a report on Tuesday. 5 analysis analysts have rated the inventory with a maintain ranking and two have assigned a purchase ranking to the inventory. In line with MarketBeat, the corporate has a consensus ranking of “Maintain” and a consensus goal worth of $58.20.
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Insider Exercise
In different information, Director William H. Lyon offered 33,400 shares of the corporate’s inventory in a transaction dated Monday, February twelfth. The shares have been offered at a median worth of $56.04, for a complete worth of $1,871,736.00. Following the sale, the director now owns 71,570 shares within the firm, valued at roughly $4,010,782.80. The sale was disclosed in a doc filed with the SEC, which is accessible by the SEC web site. In different information, Director William H. Lyon offered 33,400 shares of the corporate’s inventory in a transaction dated Monday, February twelfth. The shares have been offered at a median worth of $56.04, for a complete worth of $1,871,736.00. Following the sale, the director now owns 71,570 shares within the firm, valued at roughly $4,010,782.80. The sale was disclosed in a doc filed with the SEC, which is accessible by the SEC web site. Additionally, Director William H. Lyon offered 20,896 shares of the corporate’s inventory in a transaction dated Wednesday, February 14th. The shares have been offered at a median worth of $56.01, for a complete transaction of $1,170,384.96. Following the completion of the sale, the director now owns 2,837,020 shares within the firm, valued at roughly $158,901,490.20. The disclosure for this sale may be discovered right here. Within the final 90 days, insiders have offered 613,537 shares of firm inventory price $36,409,767. 3.50% of the inventory is at the moment owned by company insiders.
Taylor Morrison Residence Inventory Efficiency
Taylor Morrison Residence inventory opened at $56.05 on Thursday. Taylor Morrison Residence Co. has a 12-month low of $37.23 and a 12-month excessive of $62.64. The corporate has a market capitalization of $5.97 billion, a price-to-earnings ratio of 8.03 and a beta of 1.87. The corporate has a debt-to-equity ratio of 0.38, a present ratio of 6.00 and a fast ratio of 1.13. The agency’s fifty day transferring common worth is $57.59 and its 200 day transferring common worth is $51.69.
Taylor Morrison Residence (NYSE:TMHC – Get Free Report) final launched its quarterly earnings outcomes on Tuesday, April thirtieth. The development firm reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.18. The agency had income of $1.70 billion for the quarter, in comparison with the consensus estimate of $1.66 billion. Taylor Morrison Residence had a web margin of 10.37% and a return on fairness of 16.21%. The agency’s quarterly income was up 2.3% on a year-over-year foundation. Throughout the identical quarter within the earlier 12 months, the agency posted $1.74 EPS. On common, analysis analysts forecast that Taylor Morrison Residence Co. will submit 7.29 EPS for the present fiscal 12 months.
About Taylor Morrison Residence
(Free Report)
Taylor Morrison Residence Company, along with its subsidiaries, operates as a public homebuilder in the US. The corporate designs, builds, and sells single and multi-family indifferent and connected properties; and develops way of life and master-planned communities. It develops and constructs multi-use properties consisting of economic house, retail, and multi-family properties below the City Kind model identify.
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