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

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

Several other research analysts have also commented on the stock. Royal Bank of Canada lifted their price objective on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Barclays raised shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $75.00 to $90.00 in a research note on Wednesday, December 11th. BTIG Research increased 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 report on Thursday, October 24th. Wolfe Research upgraded 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 report on Wednesday. Finally, Wedbush raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating and upped their target price for the company from $65.00 to $85.00 in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.00.

Taylor Morrison Home Stock Up 1.5 %

Shares of TMHC stock opened at $60.91 on Wednesday. The company’s fifty day simple moving average is $67.03 and its two-hundred day simple moving average is $65.47. Taylor Morrison Home has a 52 week low of $50.68 and a 52 week high of $75.49. The stock has a market cap of $6.30 billion, a P/E 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 posted its earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share 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 firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the firm posted $1.62 earnings per share. Taylor Morrison Home’s revenue for the quarter was up 26.6% compared to the same quarter last year. Analysts predict that Taylor Morrison Home will post 8.44 EPS for the current fiscal year.

Insider Buying and Selling at Taylor Morrison Home

In other news, EVP Darrell Sherman sold 26,757 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $70.00, for a total transaction of $1,872,990.00. Following the completion of the sale, the executive vice president now owns 109,217 shares of the company’s stock, valued at $7,645,190. The trade was a 19.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William H. Lyon sold 24,284 shares of the business’s 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 sale, the director now owns 2,045,316 shares of the company’s stock, valued at approximately $152,294,229.36. This trade represents a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 128,549 shares of company stock valued at $9,159,829. Corporate insiders own 3.50% of the company’s stock.

Institutional Trading of Taylor Morrison Home

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. V Square Quantitative Management LLC acquired a new position in Taylor Morrison Home in the 3rd quarter valued at about $29,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Taylor Morrison Home during the 3rd quarter valued at approximately $34,000. UMB Bank n.a. raised its position in shares of Taylor Morrison Home by 263.9% during the 3rd quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock valued at $38,000 after buying an additional 388 shares during the period. Peterson Financial Group Inc. acquired a new position in Taylor Morrison Home in the third quarter valued at approximately $62,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Taylor Morrison Home in the second quarter worth approximately $100,000. 95.16% of the stock is owned by institutional investors and hedge funds.

About Taylor Morrison Home

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.