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

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

Other analysts have also recently issued research reports about the stock. BTIG Research boosted their price objective on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Wolfe Research upgraded Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a research report on Wednesday. Raymond James restated an “outperform” rating and set a $84.00 price objective (up from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. Barclays upgraded Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $75.00 to $90.00 in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. lowered 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 report on Friday, December 13th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.00.

Taylor Morrison Home Trading Up 1.5 %

Taylor Morrison Home stock traded up $0.91 during trading hours on Wednesday, hitting $60.91. The stock had a trading volume of 956,705 shares, compared to its average volume of 709,261. The business’s 50 day simple moving average is $67.35 and its 200-day simple moving average is $65.53. Taylor Morrison Home has a one year low of $50.68 and a one year high of $75.49. The stock has a market cap of $6.30 billion, a price-to-earnings ratio of 8.06 and a beta of 2.01. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.31. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the business earned $1.62 EPS. The firm’s quarterly revenue was up 26.6% on a year-over-year basis. On average, equities analysts predict that Taylor Morrison Home will post 8.44 EPS for the current fiscal year.

Insiders Place Their Bets

In other Taylor Morrison Home news, Director William H. Lyon sold 24,284 shares of the stock in a transaction that occurred 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 transaction, the director now owns 2,045,316 shares in the company, valued at approximately $152,294,229.36. This represents a 1.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Darrell Sherman sold 26,757 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, 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 disclosure for this sale can be found here. In the last three months, insiders have sold 128,549 shares of company stock worth $9,159,829. Corporate insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Arizona State Retirement System raised its holdings in shares of Taylor Morrison Home by 0.9% in the 2nd quarter. Arizona State Retirement System now owns 29,795 shares of the construction company’s stock worth $1,652,000 after acquiring an additional 266 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in shares of Taylor Morrison Home by 4.4% in the second quarter. Los Angeles Capital Management LLC now owns 16,884 shares of the construction company’s stock worth $936,000 after purchasing an additional 710 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Taylor Morrison Home in the second quarter valued at approximately $100,000. Choreo LLC purchased a new position in shares of Taylor Morrison Home during the second quarter valued at approximately $740,000. Finally, Daiwa Securities Group Inc. boosted its position in shares of Taylor Morrison Home by 6.0% during the second quarter. Daiwa Securities Group Inc. now owns 7,100 shares of the construction company’s stock valued at $394,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

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.