Several other research analysts have also commented on the company. ValuEngine lowered Taylor Morrison Home from a strong-buy rating to a buy rating in a report on Thursday, November 2nd. BidaskClub raised Taylor Morrison Home from a strong sell rating to a sell rating in a research report on Tuesday, September 12th. Susquehanna Bancshares raised Taylor Morrison Home from a neutral rating to a positive rating in a research report on Thursday, January 4th. B. Riley reissued a neutral rating on shares of Taylor Morrison Home in a research report on Thursday, November 2nd. Finally, UBS Group raised Taylor Morrison Home from a neutral rating to a positive rating in a research report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. Taylor Morrison Home presently has an average rating of Hold and an average price target of $27.57.
Taylor Morrison Home (NYSE TMHC) opened at $27.82 on Monday. Taylor Morrison Home has a fifty-two week low of $18.26 and a fifty-two week high of $28.42. The company has a debt-to-equity ratio of 0.63, a current ratio of 6.85 and a quick ratio of 0.81. The firm has a market cap of $3,220.00, a P/E ratio of 44.87, a P/E/G ratio of 0.92 and a beta of 1.47.
Taylor Morrison Home declared that its board has initiated a share buyback plan on Wednesday, January 3rd that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
In related news, insider Group Holdings (Sbs) Advis Tpg sold 1,499,732 shares of the company’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $27.14, for a total transaction of $40,702,726.48. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider C. David Cone sold 35,000 shares of the company’s stock in a transaction on 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 directly owns 42,511 shares in the company, valued at approximately $1,011,336.69. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Taylor Morrison Home by 72.8% during the second quarter. Vanguard Group Inc. now owns 7,031,797 shares of the construction company’s stock worth $168,834,000 after acquiring an additional 2,962,990 shares during the last quarter. BlackRock Inc. increased its stake in Taylor Morrison Home by 51.5% during the second quarter. BlackRock Inc. now owns 6,585,230 shares of the construction company’s stock worth $158,111,000 after acquiring an additional 2,239,679 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Taylor Morrison Home by 76.7% during the second quarter. Dimensional Fund Advisors LP now owns 3,501,577 shares of the construction company’s stock worth $84,072,000 after acquiring an additional 1,519,523 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Taylor Morrison Home by 323.8% during the second quarter. Goldman Sachs Group Inc. now owns 1,917,434 shares of the construction company’s stock worth $46,038,000 after acquiring an additional 1,465,003 shares during the last quarter. Finally, Greenhaven Associates Inc. increased its stake in Taylor Morrison Home by 94.9% during the third quarter. Greenhaven Associates Inc. now owns 2,526,244 shares of the construction company’s stock worth $55,704,000 after acquiring an additional 1,229,844 shares during the last quarter. Hedge funds and other institutional investors own 58.04% of the company’s stock.
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About Taylor Morrison Home
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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