Taylor Morrison Home (NYSE:TMHC) Downgraded to Hold Rating by StockNews.com

StockNews.com cut shares of Taylor Morrison Home (NYSE:TMHC) from a buy rating to a hold rating in a research report released on Wednesday morning.

Several other brokerages have also recently weighed in on TMHC. Royal Bank of Canada lifted their price target on Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Wolfe Research upgraded shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 target price for the company in a research note on Wednesday. Raymond James restated an “outperform” rating and set a $84.00 price target (up previously from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. BTIG Research upped their price objective on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Barclays upgraded Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $75.00 to $90.00 in a research report on Wednesday, December 11th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $84.00.

Taylor Morrison Home Price Performance

Shares of NYSE TMHC opened at $60.91 on Wednesday. Taylor Morrison Home has a 52 week low of $50.68 and a 52 week high of $75.49. The business’s 50 day moving average price is $67.18 and its 200 day moving average price is $65.50. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37. The firm has a market cap of $6.30 billion, a P/E ratio of 8.06 and a beta of 2.01.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.06 by $0.31. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.96 billion. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The business’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.62 EPS. On average, sell-side analysts expect that Taylor Morrison Home will post 8.44 earnings per share for the current year.

Insider Activity at Taylor Morrison Home

In other news, EVP Darrell Sherman sold 26,757 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $70.00, for a total transaction of $1,872,990.00. Following the completion of the sale, the executive vice president now owns 109,217 shares of the company’s stock, valued at $7,645,190. This represents a 19.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William H. Lyon sold 24,284 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the completion of the transaction, the director now directly owns 2,045,316 shares in the company, valued at approximately $152,294,229.36. This represents a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 128,549 shares of company stock valued at $9,159,829. 3.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Taylor Morrison Home

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. V Square Quantitative Management LLC purchased a new stake in shares of Taylor Morrison Home during the 3rd quarter valued at approximately $29,000. Harbor Capital Advisors Inc. acquired a new stake in Taylor Morrison Home during the third quarter worth $34,000. UMB Bank n.a. raised its position in Taylor Morrison Home by 263.9% in the third quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock valued at $38,000 after purchasing an additional 388 shares during the period. Peterson Financial Group Inc. acquired a new position in shares of Taylor Morrison Home in the 3rd quarter valued at $62,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Taylor Morrison Home during the 2nd quarter worth $100,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

About Taylor Morrison Home

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.