Taylor Morrison Home (NYSE:TMHC) Lowered to “Hold” at StockNews.com

StockNews.com lowered shares of Taylor Morrison Home (NYSE:TMHC) from a buy rating to a hold rating in a research note released on Friday morning.

Several other equities research analysts also recently commented on TMHC. Wedbush reiterated a neutral rating and issued a $65.00 price objective (up from $61.00) on shares of Taylor Morrison Home in a report on Wednesday, July 24th. Royal Bank of Canada lifted their target price on Taylor Morrison Home from $63.00 to $74.00 and gave the company an outperform rating in a research report on Thursday, July 25th. Zelman & Associates raised shares of Taylor Morrison Home from an underperform rating to a neutral rating in a report on Friday, April 12th. Barclays raised their price target on Taylor Morrison Home from $62.00 to $72.00 and gave the company an equal weight rating in a report on Thursday, July 25th. Finally, Raymond James assumed coverage on shares of Taylor Morrison Home in a research report on Wednesday, July 24th. They set an outperform rating and a $75.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $68.60.

Taylor Morrison Home Price Performance

Shares of NYSE TMHC opened at $61.47 on Friday. The company has a 50 day moving average of $58.75 and a 200 day moving average of $57.45. The company has a quick ratio of 0.67, a current ratio of 6.01 and a debt-to-equity ratio of 0.39. Taylor Morrison Home has a twelve month low of $37.23 and a twelve month high of $69.62. The firm has a market cap of $6.50 billion, a P/E ratio of 8.79 and a beta of 1.95.

Insider Buying and Selling

In other Taylor Morrison Home news, CEO Sheryl Palmer sold 100,000 shares of the 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 completion of the transaction, the chief executive officer now owns 19,211 shares in the company, valued at $1,185,318.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director William H. Lyon sold 30,000 shares of the firm’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $66.31, for a total value of $1,989,300.00. Following the completion of the sale, the director now directly owns 2,225,316 shares in the company, valued at $147,560,703.96. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Sheryl Palmer sold 100,000 shares of the business’s 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 190,000 shares of company stock worth $12,136,317. Insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Taylor Morrison Home

Institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its stake in Taylor Morrison Home by 4,586.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 663,385 shares of the construction company’s stock worth $41,243,000 after purchasing an additional 649,230 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Taylor Morrison Home by 22.3% during the first quarter. Janus Henderson Group PLC now owns 76,608 shares of the construction company’s stock worth $4,761,000 after acquiring an additional 13,987 shares during the period. TCW Group Inc. grew its stake in Taylor Morrison Home by 118.2% in the fourth quarter. TCW Group Inc. now owns 57,315 shares of the construction company’s stock worth $3,058,000 after purchasing an additional 31,045 shares in the last quarter. Sei Investments Co. increased its holdings in Taylor Morrison Home by 36.7% during the 1st quarter. Sei Investments Co. now owns 366,987 shares of the construction company’s stock worth $22,816,000 after purchasing an additional 98,539 shares during the period. Finally, Journey Strategic Wealth LLC bought a new stake in Taylor Morrison Home during the 4th quarter valued at $235,000. 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.