The most recent statement filed with the SEC indicates that during the third quarter of 2018, the State of New Jersey Common Pension Fund D increased the number of shares of Taylor Morrison Home Co. (NYSE: TMHC) owned by 9.3 percent. Following the completion of the additional transaction during the above period, the institutional investor now has 88,924 shares of stock in the construction company. After the most recent fiscal quarter, the Common Pension Fund D of the State of New Jersey held 0.08% of the shares of Taylor Morrison Home, which had a total value of $2,074,000.
Many other institutional investors and hedge funds have increased or decreased the percentage of the company’s stock they own throughout the past few months. During the third quarter, TCW Group Inc. increased the amount of Taylor Morrison Home stock owned by 67.9% to bring its total ownership percentage to 100%. The most recent fiscal quarter saw TCW Group Inc. purchase 19,677 shares in the construction company. As a result of this activity, the company now owns a total of 48,638 shares in the enterprise, which have a value of $1,134,000. Investors Asset Management of Georgia Inc. (GA ADV) made a financial investment in Taylor Morrison Home for $41,000 during the third quarter of the fiscal year. During the third quarter, Assenagon Asset Management S.A. made a 41.2% purchase of additional Taylor Morrison Home stock, bringing the total amount of the company’s stock ownership to 100%. Assenagon Asset Management S.A. increased its holdings in the construction company’s stock during the most recent quarter by purchasing an additional 28,027 shares, bringing the total number of shares purchased to 96,060, with a value of $2,240,000. This brought the total value of the shares purchased to $2,240,000. During the third quarter of the fiscal year, Robeco Institutional Asset Management B.V. invested in Taylor Morrison Homes for 244,000 euros.
Last but not least, during the third quarter, Wipfli Financial Advisors LLC spent $94,000 to acquire an additional holding in Taylor Morrison Home. This last transaction should not be considered the least important. Institutional investors and hedge funds collectively hold a stake in the company equal to 96.33% of the total number of shares outstanding.
When the market opened on Thursday, shares of Taylor Morrison Home were being traded for $32.88 per share. Moving averages for the past 50 days come in at $30.40 for the company while moving averages for the past 200 days come in at $27.44. During the previous year, the price of Taylor Morrison Home Co. fluctuated between $20.05 and $34.02 at various points, with a low of $20.05 and a high of $34.02, respectively. The company’s stock currently trades at a price corresponding to a price-to-earnings ratio of 3.74 and a beta value of 1.67. The company currently has a market capitalization of $3.56 billion. Although the current ratio is 5.24 and the quick ratio is 0.57, the debt-to-equity ratio, the current ratio, and the quick ratio all equal 0.57.
On October 26, the most recent earnings report for Taylor Morrison Home was made public. This report was pub.