Taylor Morrison Home (NYSE:TMHC) Upgraded at StockNews.com

StockNews.com upgraded shares of Taylor Morrison Home (NYSE:TMHC) from a hold rating to a buy rating in a research report released on Thursday.

Other research analysts have also issued reports about the company. Royal Bank of Canada raised their price objective on Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday. BTIG Research raised their target price on Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday. Barclays raised their target price on Taylor Morrison Home from $72.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday. Raymond James began coverage on Taylor Morrison Home in a research note on Wednesday, July 24th. They set an “outperform” rating and a $75.00 target price for the company. Finally, Wedbush restated a “neutral” rating and set a $65.00 target price on shares of Taylor Morrison Home in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Taylor Morrison Home presently has an average rating of “Moderate Buy” and an average price target of $75.83.

Taylor Morrison Home Trading Up 0.2 %

NYSE:TMHC opened at $68.52 on Thursday. The business’s 50-day moving average is $67.58 and its two-hundred day moving average is $61.66. The company has a debt-to-equity ratio of 0.39, a current ratio of 6.01 and a quick ratio of 0.67. Taylor Morrison Home has a 12 month low of $37.23 and a 12 month high of $71.95. The firm has a market capitalization of $7.25 billion, a PE ratio of 9.80 and a beta of 1.96.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.06 by $0.31. Taylor Morrison Home had a return on equity of 14.99% and a net margin of 9.92%. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the company posted $1.62 earnings per share. The firm’s revenue was up 26.6% compared to the same quarter last year. Research analysts predict that Taylor Morrison Home will post 8.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director William H. Lyon sold 1,741 shares of Taylor Morrison Home stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $68.03, for a total value of $118,440.23. Following the completion of the transaction, the director now directly owns 2,195,316 shares in the company, valued at approximately $149,347,347.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Taylor Morrison Home

A number of hedge funds have recently bought and sold shares of the company. Wedge Capital Management L L P NC lifted its holdings in Taylor Morrison Home by 1,910.4% in the second quarter. Wedge Capital Management L L P NC now owns 727,919 shares of the construction company’s stock worth $40,356,000 after acquiring an additional 691,711 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Taylor Morrison Home by 271.0% in the third quarter. Assenagon Asset Management S.A. now owns 896,032 shares of the construction company’s stock worth $62,955,000 after acquiring an additional 654,541 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings 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 acquiring an additional 649,230 shares during the last quarter. Lord Abbett & CO. LLC lifted its holdings in Taylor Morrison Home by 203.0% in the first quarter. Lord Abbett & CO. LLC now owns 440,717 shares of the construction company’s stock worth $27,400,000 after acquiring an additional 295,256 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Taylor Morrison Home by 127.6% in the first quarter. BNP Paribas Financial Markets now owns 203,435 shares of the construction company’s stock worth $12,648,000 after acquiring an additional 114,034 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

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.