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

StockNews.com downgraded shares of Taylor Morrison Home (NYSE:TMHC) from a buy rating to a hold rating in a research report report published on Friday.

A number of other analysts have also weighed in on TMHC. Royal Bank of Canada upped their price target on shares of Taylor Morrison Home from $61.00 to $63.00 and gave the stock an outperform rating in a research note on Wednesday, May 1st. Zelman & Associates raised shares of Taylor Morrison Home from an underperform rating to a neutral rating in a research note on Friday, April 12th. Wedbush reaffirmed an outperform rating and issued a $61.00 price target on shares of Taylor Morrison Home in a research note on Thursday, May 30th. Finally, Barclays reduced their price target on shares of Taylor Morrison Home from $65.00 to $62.00 and set an equal weight rating for the company in a research note on Friday, July 12th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average price target of $59.80.

Taylor Morrison Home Trading Down 0.5 %

Taylor Morrison Home stock opened at $64.30 on Friday. The company has a quick ratio of 0.91, a current ratio of 6.16 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average price of $57.34 and a two-hundred day moving average price of $56.42. The firm has a market capitalization of $6.80 billion, a price-to-earnings ratio of 9.20 and a beta of 1.95. Taylor Morrison Home has a 52-week low of $37.23 and a 52-week high of $67.66.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Tuesday, April 30th. The construction company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.18. The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.66 billion. Taylor Morrison Home had a net margin of 10.30% and a return on equity of 15.75%. Taylor Morrison Home’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.74 EPS. Sell-side analysts expect that Taylor Morrison Home will post 7.62 earnings per share for the current year.

Insider Buying and Selling

In related news, Director William H. Lyon sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $64.33, for a total value of $1,929,900.00. Following the sale, the director now directly owns 2,255,316 shares in the company, valued at approximately $145,084,478.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director William H. Lyon sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $64.33, for a total transaction of $1,929,900.00. Following the sale, the director now owns 2,255,316 shares in the company, valued at $145,084,478.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sheryl Palmer sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $61.70, for a total transaction of $6,170,000.00. Following the sale, the chief executive officer now owns 19,211 shares in the company, valued at approximately $1,185,318.70. The disclosure for this sale can be found here. Insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Taylor Morrison Home

A number of large investors have recently made changes to their positions in TMHC. Norges Bank acquired a new stake in shares of Taylor Morrison Home during the fourth quarter valued at approximately $63,137,000. Wedge Capital Management L L P NC increased its stake in Taylor Morrison Home by 1,910.4% in the 2nd quarter. Wedge Capital Management L L P NC now owns 727,919 shares of the construction company’s stock valued at $40,356,000 after buying an additional 691,711 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Taylor Morrison Home by 4,586.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 663,385 shares of the construction company’s stock valued at $41,243,000 after buying an additional 649,230 shares during the period. Assenagon Asset Management S.A. increased its stake in Taylor Morrison Home by 3,268.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 452,087 shares of the construction company’s stock valued at $24,119,000 after buying an additional 438,664 shares during the period. Finally, Assetmark Inc. increased its stake in Taylor Morrison Home by 99.3% in the 4th quarter. Assetmark Inc. now owns 786,812 shares of the construction company’s stock valued at $41,976,000 after buying an additional 391,964 shares during the period. 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.