Taylor Morrison Home Corporation (TMHC) Downgraded by BidaskClub

Taylor Morrison Home Corporation (NYSE:TMHC) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Saturday, November 4th.

Several other equities analysts have also recently weighed in on the stock. ValuEngine cut shares of Taylor Morrison Home Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 2nd. Zacks Investment Research cut shares of Taylor Morrison Home Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, Deutsche Bank AG increased their price objective on shares of Taylor Morrison Home Corporation from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Monday, August 7th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Taylor Morrison Home Corporation currently has an average rating of “Hold” and a consensus target price of $24.00.

Shares of Taylor Morrison Home Corporation (TMHC) traded down $0.16 during midday trading on Friday, hitting $23.88. 558,100 shares of the stock were exchanged, compared to its average volume of 1,147,911. The company has a current ratio of 6.85, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $2,860.00, a PE ratio of 12.93, a PEG ratio of 1.09 and a beta of 1.48. Taylor Morrison Home Corporation has a 1 year low of $18.26 and a 1 year high of $24.79.

Taylor Morrison Home Corporation (NYSE:TMHC) last posted its earnings results on Wednesday, November 1st. The construction company reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.04. The company had revenue of $908.00 million during the quarter, compared to analysts’ expectations of $914.19 million. Taylor Morrison Home Corporation had a net margin of 2.41% and a return on equity of 4.18%. Taylor Morrison Home Corporation’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the company posted $0.49 earnings per share. sell-side analysts expect that Taylor Morrison Home Corporation will post 1.84 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Taylor Morrison Home Corporation (TMHC) Downgraded by BidaskClub” was first published by BBNS and is the sole property of of BBNS. If you are reading this news story on another website, it was stolen and reposted in violation of US and international copyright & trademark laws. The correct version of this news story can be accessed at https://baseballnewssource.com/markets/taylor-morrison-home-corp-tmhc-stock-rating-lowered-by-bidaskclub/1759051.html.

In other news, insider C. David Cone sold 35,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $23.79, for a total value of $832,650.00. Following the completion of the sale, the insider now owns 42,511 shares in the company, valued at approximately $1,011,336.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.40% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Optimum Investment Advisors bought a new stake in Taylor Morrison Home Corporation during the 3rd quarter valued at about $225,000. California Public Employees Retirement System lifted its holdings in Taylor Morrison Home Corporation by 6.5% during the 3rd quarter. California Public Employees Retirement System now owns 80,843 shares of the construction company’s stock valued at $1,783,000 after buying an additional 4,943 shares in the last quarter. Cubist Systematic Strategies LLC lifted its holdings in Taylor Morrison Home Corporation by 22.8% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 95,550 shares of the construction company’s stock valued at $2,107,000 after buying an additional 17,717 shares in the last quarter. NWQ Investment Management Company LLC lifted its holdings in Taylor Morrison Home Corporation by 2.4% during the 3rd quarter. NWQ Investment Management Company LLC now owns 2,229,932 shares of the construction company’s stock valued at $49,170,000 after buying an additional 52,934 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in Taylor Morrison Home Corporation by 5.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 212,778 shares of the construction company’s stock valued at $4,692,000 after buying an additional 10,845 shares in the last quarter. Hedge funds and other institutional investors own 59.29% of the company’s stock.

Taylor Morrison Home Corporation Company Profile

Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).

Analyst Recommendations for Taylor Morrison Home Corporation (NYSE:TMHC)

Receive News & Ratings for Taylor Morrison Home Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taylor Morrison Home Corporation and related companies with our FREE daily email newsletter.

 


Latest News

Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot
Angels Sign Former Prospect with Braves Kevin Maitan
Angels Sign Former Prospect with Braves Kevin Maitan
Shohei Ohtani Has Turned Down Red Sox and Yankees
Shohei Ohtani Has Turned Down Red Sox and Yankees


Leave a Reply

 
© 2006-2017 BBNS.