StockNews.com Lowers Taylor Morrison Home (NYSE:TMHC) to Hold

Taylor Morrison Home (NYSE:TMHC) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Thursday.

Other equities research analysts also recently issued research reports about the stock. Wedbush reaffirmed an “outperform” rating and issued a $61.00 target price on shares of Taylor Morrison Home in a research report on Thursday, May 30th. Zelman & Associates upgraded shares of Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research note on Friday, April 12th. Finally, Royal Bank of Canada lifted their price target on shares of Taylor Morrison Home from $61.00 to $63.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Taylor Morrison Home presently has an average rating of “Hold” and an average price target of $59.40.

Taylor Morrison Home Stock Performance

NYSE:TMHC traded up $0.12 during trading hours on Thursday, reaching $55.23. The company had a trading volume of 956,930 shares, compared to its average volume of 768,450. The company has a current ratio of 6.16, a quick ratio of 0.91 and a debt-to-equity ratio of 0.39. Taylor Morrison Home has a 52 week low of $37.23 and a 52 week high of $62.64. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of 7.90 and a beta of 1.93. The firm’s 50 day moving average price is $57.07 and its 200-day moving average price is $55.71.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Tuesday, April 30th. The construction company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.18. Taylor Morrison Home had a net margin of 10.30% and a return on equity of 15.75%. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the previous year, the firm posted $1.74 EPS. The firm’s revenue was up 2.3% on a year-over-year basis. On average, analysts forecast that Taylor Morrison Home will post 7.62 EPS for the current year.

Insider Transactions at Taylor Morrison Home

In related news, CEO Sheryl Palmer sold 100,000 shares of Taylor Morrison Home stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $61.70, for a total transaction of $6,170,000.00. Following the transaction, the chief executive officer now owns 19,211 shares in the company, valued at approximately $1,185,318.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TMHC. Rise Advisors LLC purchased a new position in shares of Taylor Morrison Home during the 1st quarter valued at $26,000. ICA Group Wealth Management LLC purchased a new stake in Taylor Morrison Home in the 4th quarter worth $27,000. Private Wealth Management Group LLC purchased a new stake in Taylor Morrison Home in the 4th quarter worth $39,000. Daiwa Securities Group Inc. purchased a new stake in Taylor Morrison Home in the 4th quarter worth $48,000. Finally, Headlands Technologies LLC purchased a new stake in Taylor Morrison Home in the 4th quarter worth $81,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.