Taylor Morrison Home (NYSE:TMHC) Downgraded to “Hold” Rating by StockNews.com

StockNews.com lowered shares of Taylor Morrison Home (NYSE:TMHC) from a buy rating to a hold rating in a research report report published on Wednesday.

Other equities research analysts also recently issued reports about the stock. Raymond James reaffirmed an “outperform” rating and set a $84.00 target price (up from $81.00) on shares of Taylor Morrison Home in a research note on Tuesday, October 29th. Wolfe Research raised Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective on the stock in a research report on Wednesday. Barclays upgraded Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $75.00 to $90.00 in a report on Wednesday, December 11th. Wedbush raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $65.00 to $85.00 in a research note on Friday, October 25th. Finally, Royal Bank of Canada increased their price target on Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $84.00.

Taylor Morrison Home Stock Up 1.5 %

NYSE:TMHC opened at $60.91 on Wednesday. Taylor Morrison Home has a 52 week low of $50.68 and a 52 week high of $75.49. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37. The stock’s fifty day moving average is $67.18 and its two-hundred day moving average is $65.50. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of 8.06 and a beta of 2.01.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.31. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. Taylor Morrison Home’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same period last year, the business posted $1.62 EPS. Research analysts anticipate that Taylor Morrison Home will post 8.44 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Darrell Sherman sold 26,757 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $70.00, for a total value of $1,872,990.00. Following the transaction, the executive vice president now directly owns 109,217 shares of the company’s stock, valued at $7,645,190. This trade represents a 19.68 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William H. Lyon sold 24,284 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the completion of the sale, the director now directly owns 2,045,316 shares of the company’s stock, valued at approximately $152,294,229.36. This trade represents a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 128,549 shares of company stock valued at $9,159,829 in the last ninety days. Insiders own 3.50% of the company’s stock.

Institutional Trading of Taylor Morrison Home

A number of large investors have recently made changes to their positions in the company. Arizona State Retirement System boosted its stake in Taylor Morrison Home by 0.9% during the 2nd quarter. Arizona State Retirement System now owns 29,795 shares of the construction company’s stock worth $1,652,000 after purchasing an additional 266 shares during the period. Los Angeles Capital Management LLC boosted its stake in shares of Taylor Morrison Home by 4.4% during the second quarter. Los Angeles Capital Management LLC now owns 16,884 shares of the construction company’s stock worth $936,000 after buying an additional 710 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of Taylor Morrison Home during the second quarter worth about $100,000. Choreo LLC purchased a new position in shares of Taylor Morrison Home during the second quarter worth about $740,000. Finally, Daiwa Securities Group Inc. increased its position in Taylor Morrison Home by 6.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 7,100 shares of the construction company’s stock valued at $394,000 after acquiring an additional 400 shares during the period. 95.16% of the stock is owned by institutional investors and hedge funds.

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.