Taylor Morrison Home (NYSE:TMHC) Raised to Hold at Zacks Research

Taylor Morrison Home (NYSE:TMHC) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

TMHC has been the subject of a number of other reports. Royal Bank Of Canada lowered their price objective on Taylor Morrison Home from $75.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday, October 23rd. Bank of America lowered their price target on shares of Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating for the company in a report on Friday, October 10th. Wedbush restated an “outperform” rating and issued a $85.00 price target on shares of Taylor Morrison Home in a research report on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Taylor Morrison Home in a research report on Monday. Finally, Barclays reissued an “overweight” rating and set a $71.00 target price on shares of Taylor Morrison Home in a research note on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Taylor Morrison Home currently has a consensus rating of “Buy” and a consensus target price of $75.57.

Taylor Morrison Home Stock Performance

Shares of Taylor Morrison Home stock opened at $59.49 on Tuesday. The stock has a market cap of $5.81 billion, a price-to-earnings ratio of 7.17 and a beta of 1.57. Taylor Morrison Home has a twelve month low of $51.90 and a twelve month high of $72.50. The company’s fifty day moving average is $60.67 and its 200 day moving average is $63.15. The company has a quick ratio of 1.02, a current ratio of 7.02 and a debt-to-equity ratio of 0.35.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, October 22nd. The construction company reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.18. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.03 billion. Taylor Morrison Home had a return on equity of 15.23% and a net margin of 10.16%.Taylor Morrison Home’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period last year, the company earned $2.40 EPS. Sell-side analysts forecast that Taylor Morrison Home will post 8.93 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. ORG Partners LLC acquired a new position in Taylor Morrison Home during the 3rd quarter valued at about $26,000. Root Financial Partners LLC bought a new stake in Taylor Morrison Home during the third quarter worth $27,000. Atlantic Union Bankshares Corp bought a new stake in Taylor Morrison Home during the second quarter worth $28,000. Pinnacle Holdings LLC bought a new position in Taylor Morrison Home during the 3rd quarter valued at $32,000. Finally, AlphaCore Capital LLC purchased a new position in Taylor Morrison Home during the 2nd quarter worth $37,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

About Taylor Morrison Home

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company’s portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company’s heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.