StockNews.com Lowers Taylor Morrison Home (NYSE:TMHC) to Hold

StockNews.com lowered shares of Taylor Morrison Home (NYSE:TMHC) from a buy rating to a hold rating in a research report report published on Thursday.

Several other research firms have also weighed in on TMHC. Zelman & Associates raised Taylor Morrison Home from an underperform rating to a neutral rating in a research report on Friday, April 12th. Wedbush reaffirmed an outperform rating and issued a $61.00 target price on shares of Taylor Morrison Home in a research report on Thursday, May 30th. Finally, Royal Bank of Canada boosted their target price on Taylor Morrison Home from $61.00 to $63.00 and gave the company an outperform rating in a research report on Wednesday, May 1st. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $59.40.

Taylor Morrison Home Stock Performance

TMHC stock opened at $55.44 on Thursday. The stock has a 50-day moving average price of $57.10 and a 200-day moving average price of $55.82. Taylor Morrison Home has a 1-year low of $37.23 and a 1-year high of $62.64. The company has a current ratio of 6.16, a quick ratio of 0.91 and a debt-to-equity ratio of 0.39. The firm has a market cap of $5.86 billion, a PE ratio of 7.93 and a beta of 1.93.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.18. Taylor Morrison Home had a return on equity of 15.75% and a net margin of 10.30%. The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period last year, the company posted $1.74 EPS. The business’s quarterly revenue was up 2.3% on a year-over-year basis. As a group, equities research analysts expect that Taylor Morrison Home will post 7.62 earnings per share for the current year.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, CEO Sheryl Palmer sold 100,000 shares of Taylor Morrison Home stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $61.70, for a total transaction of $6,170,000.00. Following the completion of the transaction, the chief executive officer now owns 19,211 shares in the company, valued at approximately $1,185,318.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Taylor Morrison Home

Several institutional investors have recently bought and sold shares of the company. Rise Advisors LLC purchased a new stake in shares of Taylor Morrison Home during the first quarter worth $26,000. ICA Group Wealth Management LLC purchased a new position in shares of Taylor Morrison Home in the fourth quarter valued at $27,000. Private Wealth Management Group LLC purchased a new position in shares of Taylor Morrison Home in the fourth quarter valued at $39,000. Daiwa Securities Group Inc. purchased a new position in shares of Taylor Morrison Home in the fourth quarter valued at $48,000. Finally, Headlands Technologies LLC purchased a new position in shares of Taylor Morrison Home in the fourth quarter valued at $81,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Company Profile

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.