Taylor Morrison Home (NYSE:TMHC – Get Free Report) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.
Several other equities analysts have also issued reports on TMHC. Wedbush restated an “outperform” rating and issued a $61.00 target price on shares of Taylor Morrison Home in a report on Thursday, May 30th. Barclays cut their target price on Taylor Morrison Home from $65.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Friday, July 12th. Royal Bank of Canada lifted their target price on Taylor Morrison Home from $61.00 to $63.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Finally, Zelman & Associates upgraded Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a report on Friday, April 12th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $59.80.
Read Our Latest Research Report on TMHC
Taylor Morrison Home Stock Up 0.4 %
Shares of NYSE TMHC opened at $64.63 on Friday. The stock has a 50-day moving average price of $57.25 and a two-hundred day moving average price of $56.28. Taylor Morrison Home has a 12 month low of $37.23 and a 12 month high of $67.66. The company has a current ratio of 6.16, a quick ratio of 0.91 and a debt-to-equity ratio of 0.39. The company has a market cap of $6.84 billion, a price-to-earnings ratio of 9.25 and a beta of 1.95.
Taylor Morrison Home (NYSE:TMHC – Get Free Report) last issued its earnings results on Tuesday, April 30th. The construction company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.18. The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Taylor Morrison Home had a return on equity of 15.75% and a net margin of 10.30%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.74 EPS. As a group, analysts forecast that Taylor Morrison Home will post 7.62 earnings per share for the current fiscal year.
Insider Activity
In related news, CEO Sheryl Palmer sold 100,000 shares of Taylor Morrison Home stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $61.70, for a total transaction of $6,170,000.00. Following the completion of the sale, the chief executive officer now owns 19,211 shares of the company’s stock, valued at $1,185,318.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Sheryl Palmer sold 100,000 shares of the firm’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 sale, 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 is accessible through this link. Also, Director William H. Lyon sold 30,000 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $64.33, for a total transaction of $1,929,900.00. Following the completion of the transaction, the director now owns 2,255,316 shares of the company’s stock, valued at $145,084,478.28. The disclosure for this sale can be found here. 3.50% of the stock is owned by company insiders.
Institutional Investors Weigh In On Taylor Morrison Home
Several institutional investors have recently added to or reduced their stakes in TMHC. Nordea Investment Management AB boosted its holdings in shares of Taylor Morrison Home by 30.4% during the 4th quarter. Nordea Investment Management AB now owns 108,431 shares of the construction company’s stock valued at $5,823,000 after acquiring an additional 25,250 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of 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 buying an additional 649,230 shares in the last quarter. TCW Group Inc. grew its position in shares of Taylor Morrison Home by 118.2% during the fourth quarter. TCW Group Inc. now owns 57,315 shares of the construction company’s stock valued at $3,058,000 after purchasing an additional 31,045 shares in the last quarter. Sei Investments Co. increased its stake in Taylor Morrison Home by 36.7% in the 1st quarter. Sei Investments Co. now owns 366,987 shares of the construction company’s stock worth $22,816,000 after acquiring an additional 98,539 shares during the last quarter. Finally, Journey Strategic Wealth LLC bought a new position in shares of Taylor Morrison Home during the 4th quarter valued at approximately $235,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.
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.
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