Taylor Morrison Home (NYSE:TMHC) Sees Large Volume Increase – Time to Buy?

Shares of Taylor Morrison Home Corporation (NYSE:TMHC) saw unusually-strong trading volume on Wednesday . Approximately 1,659,222 shares were traded during trading, a decline of 14% from the previous session’s volume of 1,935,811 shares.The stock last traded at $71.7660 and had previously closed at $71.74.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TMHC shares. Raymond James Financial lowered shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research report on Friday, June 26th. Truist Financial decreased their price target on shares of Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating on the stock in a research note on Monday, June 1st. Barclays increased their price objective on shares of Taylor Morrison Home from $68.00 to $69.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Royal Bank Of Canada lowered Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from $69.00 to $72.50 in a research report on Tuesday, June 2nd. Finally, Zacks Research raised Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 22nd. Three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Taylor Morrison Home currently has a consensus rating of “Hold” and a consensus price target of $76.86.

Taylor Morrison Home Stock Up 0.1%

The business’s 50 day simple moving average is $64.88 and its 200 day simple moving average is $62.79. The company has a current ratio of 7.66, a quick ratio of 1.45 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $6.71 billion, a PE ratio of 10.72, a PEG ratio of 1.68 and a beta of 1.47.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, April 22nd. The construction company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the prior year, the company earned $2.07 EPS. The business’s revenue was down 26.8% compared to the same quarter last year. On average, equities research analysts forecast that Taylor Morrison Home Corporation will post 5.26 earnings per share for the current year.

Hedge Funds Weigh In On Taylor Morrison Home

Several large investors have recently modified their holdings of TMHC. Pacer Advisors Inc. lifted its position in Taylor Morrison Home by 42.6% in the first quarter. Pacer Advisors Inc. now owns 549,111 shares of the construction company’s stock worth $31,980,000 after buying an additional 164,159 shares during the last quarter. Parallel Advisors LLC increased its position in Taylor Morrison Home by 50.5% during the first quarter. Parallel Advisors LLC now owns 1,499 shares of the construction company’s stock valued at $87,000 after acquiring an additional 503 shares during the last quarter. Strategic Investment Advisors MI purchased a new stake in shares of Taylor Morrison Home in the first quarter valued at $295,000. Amundi lifted its holdings in shares of Taylor Morrison Home by 214.4% in 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 last quarter. Finally, California State Teachers Retirement System lifted its holdings in shares of Taylor Morrison Home by 24.1% in 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 last quarter. Institutional investors 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.