Taylor Morrison Home (NYSE:TMHC) Sets New 52-Week Low Following Analyst Downgrade

Taylor Morrison Home Co. (NYSE:TMHC)’s share price hit a new 52-week low during mid-day trading on Tuesday after Barclays lowered their price target on the stock from $90.00 to $70.00. Barclays currently has an overweight rating on the stock. Taylor Morrison Home traded as low as $53.15 and last traded at $53.91, with a volume of 1327892 shares changing hands. The stock had previously closed at $56.79.

A number of other analysts also recently commented on TMHC. JPMorgan Chase & Co. dropped their price objective on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. StockNews.com downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Wolfe Research upgraded Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective on the stock in a report on Wednesday, January 8th. Royal Bank of Canada lifted their target price on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Finally, Seaport Res Ptn upgraded shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $79.57.

Insider Activity at Taylor Morrison Home

In related news, CAO Joseph Terracciano sold 1,537 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total transaction of $93,372.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David C. Merritt sold 2,402 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total value of $153,679.96. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Taylor Morrison Home

Several hedge funds have recently modified their holdings of TMHC. BTC Capital Management Inc. increased its holdings in shares of Taylor Morrison Home by 5.2% during the 1st quarter. BTC Capital Management Inc. now owns 5,442 shares of the construction company’s stock worth $327,000 after purchasing an additional 267 shares during the period. GAMMA Investing LLC raised its stake in shares of Taylor Morrison Home by 17,494.3% in the 1st quarter. GAMMA Investing LLC now owns 40,467 shares of the construction company’s stock valued at $2,430,000 after buying an additional 40,237 shares in the last quarter. 111 Capital bought a new position in shares of Taylor Morrison Home during the 4th quarter worth about $809,000. GTS Securities LLC acquired a new stake in shares of Taylor Morrison Home during the 4th quarter valued at about $277,000. Finally, Vise Technologies Inc. bought a new stake in Taylor Morrison Home in the fourth quarter valued at about $310,000. 95.16% of the stock is owned by institutional investors.

Taylor Morrison Home Price Performance

The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. The company’s 50-day moving average is $61.60 and its 200-day moving average is $65.30. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of 6.51 and a beta of 1.76.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, February 12th. The construction company reported $2.64 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. Equities research analysts expect that Taylor Morrison Home Co. will post 8.93 earnings per share for the current fiscal year.

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.