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.
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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).
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