Taylor Morrison Home (NYSE:TMHC) Shares Gap Down – Should You Sell?

Shares of Taylor Morrison Home Co. (NYSE:TMHC) gapped down before the market opened on Tuesday . The stock had previously closed at $69.89, but opened at $65.56. Taylor Morrison Home shares last traded at $65.79, with a volume of 68,796 shares.

Analysts Set New Price Targets

Several equities analysts have recently commented on TMHC shares. Zelman & Associates upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. Barclays increased their price target on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Raymond James restated an “outperform” rating and issued a $84.00 price objective (up from $81.00) on shares of Taylor Morrison Home in a report on Tuesday. StockNews.com raised shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. Finally, Wedbush raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $65.00 to $85.00 in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Taylor Morrison Home currently has an average rating of “Moderate Buy” and a consensus price target of $77.33.

Taylor Morrison Home Trading Down 0.5 %

The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69. The stock’s 50 day moving average is $67.94 and its 200-day moving average is $61.93. The company has a market capitalization of $7.34 billion, a P/E ratio of 9.93 and a beta of 1.96.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.31. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.96 billion. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. The business’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.62 EPS. As a group, equities research analysts anticipate that Taylor Morrison Home Co. will post 8.27 earnings per share for the current year.

Insider Activity

In other Taylor Morrison Home news, EVP Darrell Sherman sold 68,433 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $70.50, for a total value of $4,824,526.50. Following the sale, the executive vice president now directly owns 109,217 shares of the company’s stock, valued at approximately $7,699,798.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 95,262 shares of company stock worth $6,702,557. Insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TMHC. V Square Quantitative Management LLC bought a new stake in shares of Taylor Morrison Home during the third quarter valued at approximately $29,000. Harbor Capital Advisors Inc. purchased a new position in shares of Taylor Morrison Home in the third quarter worth $34,000. UMB Bank n.a. raised its stake in shares of Taylor Morrison Home by 263.9% in the third quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock worth $38,000 after purchasing an additional 388 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Taylor Morrison Home during the second quarter valued at $31,000. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of Taylor Morrison Home during the first quarter valued at $82,000. 95.16% of the stock is owned by hedge funds and other institutional investors.

About Taylor Morrison Home

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.