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

Taylor Morrison Home Co. (NYSE:TMHC) gapped down prior to trading on Friday . The stock had previously closed at $60.78, but opened at $58.64. Taylor Morrison Home shares last traded at $58.84, with a volume of 419,089 shares changing hands.

Analysts Set New Price Targets

A number of research firms have issued reports on TMHC. Barclays raised shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $75.00 to $90.00 in a research note on Wednesday, December 11th. StockNews.com lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Wolfe Research raised shares of 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, January 8th. Seaport Res Ptn raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $82.43.

Taylor Morrison Home Trading Down 2.3 %

The company’s fifty day moving average price is $62.75 and its two-hundred day moving average price is $65.81. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36. The firm has a market cap of $6.04 billion, a P/E ratio of 7.18 and a beta of 2.06.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. As a group, sell-side analysts predict that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Joseph Terracciano sold 1,537 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total value of $93,372.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David C. Merritt sold 2,402 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The disclosure for this sale can be found here. Insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. CIBC Asset Management Inc raised its position in shares of Taylor Morrison Home by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company’s stock valued at $202,000 after acquiring an additional 173 shares during the period. Pacer Advisors Inc. raised its position in shares of Taylor Morrison Home by 1.2% in the 4th quarter. Pacer Advisors Inc. now owns 15,428 shares of the construction company’s stock valued at $944,000 after acquiring an additional 180 shares during the period. Captrust Financial Advisors raised its position in shares of Taylor Morrison Home by 2.9% in the 3rd quarter. Captrust Financial Advisors now owns 8,340 shares of the construction company’s stock valued at $586,000 after acquiring an additional 234 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Taylor Morrison Home by 43.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock valued at $49,000 after acquiring an additional 243 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in shares of Taylor Morrison Home by 41.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company’s stock valued at $51,000 after acquiring an additional 243 shares during the period. 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.