Taylor Morrison Home (NYSE:TMHC) Upgraded to Buy at StockNews.com

Taylor Morrison Home (NYSE:TMHC) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Thursday.

A number of other analysts have also commented on TMHC. Wedbush reissued an “outperform” rating and issued a $61.00 price objective on shares of Taylor Morrison Home in a research report on Thursday, May 30th. Royal Bank of Canada boosted their price objective on shares of Taylor Morrison Home from $61.00 to $63.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, Zelman & Associates raised shares of Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research report on Friday, April 12th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $59.40.

Taylor Morrison Home Price Performance

Shares of TMHC stock traded up $4.23 during trading hours on Thursday, hitting $59.40. 1,123,249 shares of the company’s stock were exchanged, compared to its average volume of 772,221. The stock’s 50-day moving average is $56.77 and its 200-day moving average is $55.95. The company has a debt-to-equity ratio of 0.39, a current ratio of 6.16 and a quick ratio of 0.91. The stock has a market cap of $6.28 billion, a price-to-earnings ratio of 8.50 and a beta of 1.95. Taylor Morrison Home has a 52 week low of $37.23 and a 52 week high of $62.64.

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

Insider Transactions at Taylor Morrison Home

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TMHC. Rise Advisors LLC acquired a new stake in Taylor Morrison Home during the 1st quarter valued at approximately $26,000. ICA Group Wealth Management LLC acquired a new stake in shares of Taylor Morrison Home during the 4th quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Taylor Morrison Home during the 2nd quarter worth approximately $31,000. Private Wealth Management Group LLC acquired a new stake in shares of Taylor Morrison Home during the 4th quarter worth approximately $39,000. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of Taylor Morrison Home during the 4th quarter worth approximately $48,000. Institutional investors and hedge funds 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.