Taylor Morrison Home (TMHC) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Taylor Morrison Home (NYSE:TMHC) from a hold rating to a sell rating in a research report sent to investors on Friday, January 5th.

According to Zacks, “Taylor Morrison Home Corporation is a homebuilder and land developer engaged in building single-family detached and attached homes for first-time buyers, move-up families to luxury and active adult customers. The company operates under the Taylor Morrison brand, Monarch brand and Darling Homes brand. It operates in Arizona, California, Colorado, Florida and Texas. Taylor Morrison Home Corporation is headquartered in Scottsdale, Arizona. “

Other equities analysts have also issued reports about the stock. Citigroup upgraded shares of Taylor Morrison Home from a neutral rating to a buy rating and set a $30.00 target price for the company in a report on Tuesday, January 2nd. ValuEngine lowered shares of Taylor Morrison Home from a strong-buy rating to a buy rating in a report on Thursday, November 2nd. BidaskClub upgraded shares of Taylor Morrison Home from a hold rating to a buy rating in a report on Wednesday, October 4th. B. Riley reissued a neutral rating on shares of Taylor Morrison Home in a research report on Thursday, November 2nd. Finally, Wells Fargo & Co raised shares of Taylor Morrison Home from a market perform rating to an outperform rating and set a $32.00 price target for the company in a research report on Friday, January 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $27.57.

Shares of Taylor Morrison Home (NYSE:TMHC) opened at $25.43 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 6.85. Taylor Morrison Home has a 1-year low of $18.26 and a 1-year high of $28.42. The firm has a market cap of $2,940.00, a PE ratio of 41.02, a PEG ratio of 0.87 and a beta of 1.47.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, November 1st. The construction company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.04. Taylor Morrison Home had a net margin of 2.41% and a return on equity of 4.18%. The business had revenue of $908.00 million during the quarter, compared to analyst estimates of $914.19 million. During the same period last year, the business posted $0.49 earnings per share. Taylor Morrison Home’s quarterly revenue was up 6.4% compared to the same quarter last year. research analysts predict that Taylor Morrison Home will post 1.86 EPS for the current year.

Taylor Morrison Home announced that its board has approved a share repurchase program on Wednesday, January 3rd that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the construction company to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

In other Taylor Morrison Home news, insider Group Holdings (Sbs) Advis Tpg sold 1,499,732 shares of Taylor Morrison Home stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $27.14, for a total value of $40,702,726.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.40% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Taylor Morrison Home by 72.8% during the 2nd quarter. Vanguard Group Inc. now owns 7,031,797 shares of the construction company’s stock valued at $168,834,000 after acquiring an additional 2,962,990 shares during the period. BlackRock Inc. lifted its stake in shares of Taylor Morrison Home by 51.5% during the 2nd quarter. BlackRock Inc. now owns 6,585,230 shares of the construction company’s stock valued at $158,111,000 after buying an additional 2,239,679 shares in the last quarter. FMR LLC lifted its stake in shares of Taylor Morrison Home by 12.8% during the 2nd quarter. FMR LLC now owns 6,566,150 shares of the construction company’s stock valued at $157,654,000 after buying an additional 744,914 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Taylor Morrison Home by 31.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,591,375 shares of the construction company’s stock valued at $101,239,000 after buying an additional 1,089,798 shares in the last quarter. Finally, Greenhaven Associates Inc. lifted its stake in shares of Taylor Morrison Home by 6.7% during the 4th quarter. Greenhaven Associates Inc. now owns 2,695,488 shares of the construction company’s stock valued at $65,959,000 after buying an additional 169,244 shares in the last quarter. 57.68% of the stock is owned by hedge funds and other institutional investors.

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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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