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

Taylor Morrison Home (NYSE:TMHC) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

Other research analysts also recently issued reports about the company. Wedbush raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $65.00 to $85.00 in a research note on Friday, October 25th. Raymond James reiterated an “outperform” rating and issued a $84.00 target price (up from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. JPMorgan Chase & Co. reduced their price target on shares of Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, December 13th. BTIG Research upped their price objective on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Wolfe Research upgraded shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $84.00.

Taylor Morrison Home Stock Performance

Shares of NYSE:TMHC opened at $60.91 on Wednesday. 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 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 has a 1 year low of $50.68 and a 1 year high of $75.49. The company’s 50 day simple moving average is $67.03 and its 200 day simple moving average is $65.47.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.31. The company had revenue of $2.12 billion for 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%. The business’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.62 earnings per share. As a group, research analysts predict that Taylor Morrison Home will post 8.44 EPS for the current fiscal year.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, EVP Darrell Sherman sold 26,757 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $70.00, for a total transaction of $1,872,990.00. Following the transaction, the executive vice president now owns 109,217 shares in the company, valued at approximately $7,645,190. This represents a 19.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William H. Lyon sold 24,284 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $74.46, for a total value of $1,808,186.64. Following the completion of the transaction, the director now 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 position. 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 quarter. Company insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Taylor Morrison Home

Large investors have recently bought and sold shares of the business. V Square Quantitative Management LLC bought a new position in shares of Taylor Morrison Home in the third quarter worth about $29,000. Harbor Capital Advisors Inc. bought a new stake in Taylor Morrison Home during the 3rd quarter worth approximately $34,000. UMB Bank n.a. lifted its holdings in Taylor Morrison Home by 263.9% during the third quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock valued at $38,000 after purchasing an additional 388 shares in the last quarter. Peterson Financial Group Inc. bought a new position in shares of Taylor Morrison Home in the third quarter worth approximately $62,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Taylor Morrison Home in the second quarter worth approximately $100,000. 95.16% of the stock is currently owned by 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.