Taylor Morrison Home (NYSE:TMHC) Raised to Hold at Seaport Res Ptn

Taylor Morrison Home (NYSE:TMHC) was upgraded by analysts at Seaport Res Ptn from a “strong sell” rating to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

A number of other brokerages have also recently commented on TMHC. Royal Bank of Canada increased their target price on Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. 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 note on Wednesday, January 8th. StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. JPMorgan Chase & Co. reduced their target price on shares of Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Finally, Barclays upgraded shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $75.00 to $90.00 in a report on Wednesday, December 11th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $82.43.

Taylor Morrison Home Trading Down 0.7 %

Shares of Taylor Morrison Home stock opened at $61.83 on Thursday. The company has a 50-day moving average of $62.98 and a two-hundred day moving average of $66.29. Taylor Morrison Home has a 12-month low of $53.17 and a 12-month high of $75.49. 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 stock has a market cap of $6.29 billion, a PE ratio of 7.47 and a beta of 2.03.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. On average, research analysts anticipate that Taylor Morrison Home will post 8.93 EPS for the current fiscal year.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, Director David C. Merritt sold 2,402 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total transaction of $153,679.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Taylor Morrison Home

Hedge funds and other institutional investors have recently modified their holdings of the company. CIBC Asset Management Inc raised its holdings in Taylor Morrison Home by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company’s stock valued at $202,000 after buying an additional 173 shares during the period. Pacer Advisors Inc. raised its stake 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 lifted its holdings in shares of Taylor Morrison Home by 2.9% during 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 in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in Taylor Morrison Home by 43.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock worth $49,000 after purchasing an additional 243 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in Taylor Morrison Home by 41.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company’s stock worth $51,000 after purchasing an additional 243 shares during the period. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Company Profile

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.