Taylor Morrison Home (NYSE:TMHC) Sees Unusually-High Trading Volume – What’s Next?

Taylor Morrison Home Corporation (NYSE:TMHC) shares saw unusually-strong trading volume on Tuesday . Approximately 1,121,989 shares traded hands during trading, a decline of 32% from the previous session’s volume of 1,638,032 shares.The stock last traded at $71.5350 and had previously closed at $71.44.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TMHC shares. Royal Bank Of Canada cut Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from $69.00 to $72.50 in a research report on Tuesday, June 2nd. Barclays boosted their price target on shares of Taylor Morrison Home from $68.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Citizens Jmp cut shares of Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a research report on Monday, June 1st. Bank of America dropped their price target on shares of Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th. Finally, Zacks Research upgraded shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 22nd. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $76.86.

Taylor Morrison Home Stock Up 0.2%

The company has a quick ratio of 1.45, a current ratio of 7.66 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $6.69 billion, a PE ratio of 10.68, a price-to-earnings-growth ratio of 1.65 and a beta of 1.47. The business’s 50 day simple moving average is $60.64 and its 200 day simple moving average is $61.66.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, April 22nd. The construction company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.30. Taylor Morrison Home had a net margin of 8.77% and a return on equity of 11.48%. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the firm earned $2.07 earnings per share. The business’s quarterly revenue was down 26.8% on a year-over-year basis. As a group, analysts forecast that Taylor Morrison Home Corporation will post 5.36 EPS for the current year.

Institutional Investors Weigh In On Taylor Morrison Home

A number of institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC boosted its position in Taylor Morrison Home by 50.5% during the 1st quarter. Parallel Advisors LLC now owns 1,499 shares of the construction company’s stock worth $87,000 after acquiring an additional 503 shares during the period. Strategic Investment Advisors MI acquired a new stake in Taylor Morrison Home during the 1st quarter worth about $295,000. Amundi boosted its position in Taylor Morrison Home by 214.4% during the 1st quarter. Amundi now owns 21,511 shares of the construction company’s stock worth $1,253,000 after acquiring an additional 14,668 shares during the period. California State Teachers Retirement System boosted its position in Taylor Morrison Home by 24.1% during the 1st quarter. California State Teachers Retirement System now owns 115,163 shares of the construction company’s stock worth $6,707,000 after acquiring an additional 22,348 shares during the period. Finally, Readystate Asset Management LP acquired a new stake in Taylor Morrison Home during the 1st quarter worth about $2,094,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

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.