TheStreet downgraded shares of Taylor Morrison Home (NYSE:TMHC – Get Rating) from a b- rating to a c+ rating in a research note published on Tuesday morning, TheStreetRatingsTable reports.
A number of other analysts have also recently weighed in on the stock. Credit Suisse Group raised shares of Taylor Morrison Home from a neutral rating to an outperform rating and set a $33.00 target price on the stock in a research note on Monday, July 11th. B. Riley cut shares of Taylor Morrison Home from a buy rating to a neutral rating and lowered their target price for the company from $36.00 to $28.00 in a research note on Thursday, June 16th. StockNews.com upgraded shares of Taylor Morrison Home from a hold rating to a buy rating in a research report on Thursday, July 28th. Wells Fargo & Company boosted their price target on shares of Taylor Morrison Home from $25.00 to $30.00 and gave the company an equal weight rating in a research report on Thursday, July 28th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Taylor Morrison Home from $35.00 to $30.00 and set an overweight rating on the stock in a research report on Tuesday, July 12th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Taylor Morrison Home presently has a consensus rating of Moderate Buy and an average price target of $31.14.
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Taylor Morrison Home Stock Performance
NYSE TMHC opened at $23.69 on Tuesday. The stock has a market cap of $2.69 billion, a P/E ratio of 3.19 and a beta of 1.76. The company's 50-day simple moving average is $26.01 and its 200 day simple moving average is $26.60. Taylor Morrison Home has a twelve month low of $20.05 and a twelve month high of $35.51. The company has a quick ratio of 0.54, a current ratio of 5.18 and a debt-to-equity ratio of 0.70.
Taylor Morrison Home (NYSE:TMHC – Get Rating) last posted its earnings results on Wednesday, July 27th. The construction company reported $2.27 earnings per share for the quarter, beating analysts' consensus estimates of $1.82 by $0.45. The business had revenue of $2 billion for the quarter, compared to analysts' expectations of $2.01 billion. Taylor Morrison Home had a net
margin of 11.27% and a return on equity of 22.19%. The firm's revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.95 earnings per share. As a group, research analysts forecast that Taylor Morrison Home will post 9.6 earnings per share for the current fiscal year.
Insider Transactions at Taylor Morrison Home
In related news, CFO Louis Steffens bought 11,000 shares of the business's stock in a transaction dated Wednesday, September 14th. The stock was bought at an average price of $23.07 per share, for a total transaction of $253,770.00. Following the purchase, the chief financial officer now owns 44,667 shares in the company, valued at approximately $1,030,467.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.20% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Taylor Morrison Home
Hedge funds have recently bought and sold shares of the company. Camden Capital LLC lifted its position in shares of Taylor Morrison Home by 4.6% during the 4th quarter. Camden Capital LLC now owns 8,307 shares of the construction company's stock valued at $290,000 after acquiring an additional 363 shares during the period. Xponance Inc. increased its stake in Taylor Morrison Home by 2.9% during the 2nd quarter. Xponance Inc. now owns 18,333 shares of the construction company's stock valued at $428,000 after purchasing an additional 523 shares in the last quarter. Centaurus Financial Inc. increased its stake in Taylor Morrison Home by 1.7% during the 1st quarter. Centaurus Financial Inc. now owns 32,004 shares of the construction company's stock valued at $871,000 after purchasing an additional 542 shares in the last quarter. Beck Capital Management LLC increased its stake in Taylor Morrison Home by 1.2% during the 1st quarter. Beck Capital Management LLC now owns 47,914 shares of the construction company's stock valued at $1,304,000 after purchasing an additional 557 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Taylor Morrison Home by 0.7% during the 2nd quarter. Victory Capital Management Inc. now owns 83,909 shares of the construction company's stock valued at $1,960,000 after purchasing an additional 573 shares in the last quarter. 95.05% of the stock is owned by institutional investors.
About Taylor Morrison Home
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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 also develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name; and offers title insurance and closing settlement services, as well as financial services.
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