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

Seaport Res Ptn upgraded shares of Taylor Morrison Home (NYSE:TMHC) from a strong sell rating to a hold rating in a research report sent to investors on Thursday,Zacks.com reports.

A number of other research firms have also recently issued reports on TMHC. Wolfe Research raised Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 target price for the company in a research note on Wednesday, January 8th. Royal Bank of Canada raised their price target on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. decreased their price target on shares of Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Barclays raised shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $75.00 to $90.00 in a research note on Wednesday, December 11th. Finally, StockNews.com cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Two 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 has a consensus rating of “Moderate Buy” and a consensus price target of $82.43.

Taylor Morrison Home Price Performance

NYSE TMHC opened at $61.83 on Thursday. The business has a 50 day simple moving average of $62.98 and a 200 day simple moving average of $66.31. Taylor Morrison Home has a 52-week low of $53.17 and a 52-week high of $75.49. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. The stock has a market cap of $6.29 billion, a price-to-earnings 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 (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. Analysts anticipate that Taylor Morrison Home will post 8.93 earnings per share for the current fiscal year.

Insider Activity at Taylor Morrison Home

In related news, Director David C. Merritt sold 2,402 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total value of $153,679.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Taylor Morrison Home

Hedge funds and other institutional investors have recently made changes to their positions in the company. GTS Securities LLC acquired a new stake in Taylor Morrison Home during the 4th quarter valued at $277,000. Vise Technologies Inc. acquired a new stake in Taylor Morrison Home during the 4th quarter valued at $310,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Taylor Morrison Home by 17.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 283,509 shares of the construction company’s stock valued at $17,354,000 after purchasing an additional 42,984 shares during the last quarter. Voloridge Investment Management LLC lifted its holdings in Taylor Morrison Home by 163.0% during the 4th quarter. Voloridge Investment Management LLC now owns 165,634 shares of the construction company’s stock valued at $10,138,000 after purchasing an additional 102,653 shares during the last quarter. Finally, iSAM Funds UK Ltd lifted its holdings in Taylor Morrison Home by 148.1% during the 4th quarter. iSAM Funds UK Ltd now owns 18,413 shares of the construction company’s stock valued at $1,127,000 after purchasing an additional 10,991 shares during the last quarter. 95.16% of the stock is owned by institutional investors.

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.