Taylor Morrison Home (NYSE:TMHC) Cut to “Hold” at StockNews.com

StockNews.com cut shares of Taylor Morrison Home (NYSE:TMHC) from a buy rating to a hold rating in a report issued on Wednesday morning.

A number of other research firms also recently issued reports on TMHC. Raymond James restated an “outperform” rating and set a $84.00 price target (up previously from $81.00) on shares of Taylor Morrison Home in a research note on Tuesday, October 29th. Barclays upgraded shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $75.00 to $90.00 in a report on Wednesday, December 11th. BTIG Research lifted their target price on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Royal Bank of Canada lifted their price target on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Wolfe Research raised 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 note on Wednesday. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Taylor Morrison Home currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.00.

Taylor Morrison Home Price Performance

TMHC stock opened at $59.15 on Wednesday. The business’s fifty day moving average price is $66.84 and its 200 day moving average price is $65.48. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. Taylor Morrison Home has a 12-month low of $50.68 and a 12-month high of $75.49. The company has a market capitalization of $6.12 billion, a PE ratio of 7.82 and a beta of 2.01.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, topping 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 firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the firm earned $1.62 earnings per share. The business’s quarterly revenue was up 26.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Taylor Morrison Home will post 8.44 EPS for the current year.

Insider Activity

In related news, EVP Darrell Sherman sold 68,433 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $70.50, for a total value of $4,824,526.50. Following the completion of the sale, the executive vice president now directly owns 109,217 shares in the company, valued at approximately $7,699,798.50. This represents a 38.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William H. Lyon sold 9,075 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $72.08, for a total transaction of $654,126.00. Following the completion of the sale, the director now owns 2,136,241 shares of the company’s stock, valued at $153,980,251.28. The trade was a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 128,549 shares of company stock valued at $9,159,829. Insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Taylor Morrison Home

Several large investors have recently bought and sold shares of TMHC. Arizona State Retirement System boosted its stake in Taylor Morrison Home by 0.9% in the second quarter. Arizona State Retirement System now owns 29,795 shares of the construction company’s stock worth $1,652,000 after purchasing an additional 266 shares in the last quarter. Los Angeles Capital Management LLC raised its stake in shares of Taylor Morrison Home by 4.4% during the 2nd 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 in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Taylor Morrison Home in the 2nd quarter valued at about $100,000. Choreo LLC bought a new position in shares of Taylor Morrison Home during the 2nd quarter worth approximately $740,000. Finally, Daiwa Securities Group Inc. grew its stake in Taylor Morrison Home by 6.0% in the 2nd 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. 95.16% of the stock is currently 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.