Taylor Morrison Home (NYSE:TMHC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday, Zacks.com reports.

According to Zacks, “Taylor Morrison Home Corporation is a homebuilder and land developer engaged in building single-family detached and attached homes for first-time buyers, move-up families to luxury and active adult customers. The company operates under the Taylor Morrison brand, Monarch brand and Darling Homes brand. It operates in Arizona, California, Colorado, Florida and Texas. Taylor Morrison Home Corporation is headquartered in Scottsdale, Arizona. “

Several other equities research analysts have also recently issued reports on the stock. Susquehanna lifted their price objective on shares of Taylor Morrison Home from $37.00 to $43.00 and gave the stock a “positive” rating in a research report on Thursday, February 11th. KeyCorp started coverage on shares of Taylor Morrison Home in a research report on Monday, March 1st. They issued a “sector weight” rating for the company. Wells Fargo & Company started coverage on shares of Taylor Morrison Home in a research note on Wednesday, April 21st. They issued an “equal weight” rating and a $34.00 price objective on the stock. Susquehanna Bancshares lifted their price objective on shares of Taylor Morrison Home from $37.00 to $43.00 and gave the company a “positive” rating in a research note on Thursday, February 11th. Finally, Royal Bank of Canada lowered shares of Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $31.00 to $27.00 in a research note on Friday, January 8th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $36.10.

Shares of NYSE:TMHC traded up $0.03 during trading on Tuesday, hitting $31.76. The company’s stock had a trading volume of 4,767 shares, compared to its average volume of 1,174,868. The company has a market capitalization of $4.09 billion, a PE ratio of 19.53 and a beta of 1.81. The business has a 50 day moving average price of $31.17 and a two-hundred day moving average price of $27.57. Taylor Morrison Home has a fifty-two week low of $12.80 and a fifty-two week high of $33.06. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.99 and a current ratio of 7.19.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Thursday, April 29th. The construction company reported $0.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.01). Taylor Morrison Home had a return on equity of 13.00% and a net margin of 3.37%. As a group, equities analysts expect that Taylor Morrison Home will post 3.11 earnings per share for the current fiscal year.

In other Taylor Morrison Home news, Director William H. Lyon sold 12,600 shares of the company’s stock in a transaction dated Friday, March 26th. The shares were sold at an average price of $31.01, for a total transaction of $390,726.00. Following the transaction, the director now directly owns 196,570 shares in the company, valued at $6,095,635.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sheryl Palmer sold 6,840 shares of the company’s stock in a transaction dated Monday, March 29th. The shares were sold at an average price of $31.61, for a total transaction of $216,212.40. Following the completion of the sale, the chief executive officer now directly owns 218,662 shares in the company, valued at approximately $6,911,905.82. The disclosure for this sale can be found here. Insiders have sold 214,050 shares of company stock worth $6,804,174 over the last 90 days. 1.90% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in TMHC. TCI Wealth Advisors Inc. lifted its stake in shares of Taylor Morrison Home by 177.4% during the first quarter. TCI Wealth Advisors Inc. now owns 921 shares of the construction company’s stock valued at $28,000 after buying an additional 589 shares during the period. CENTRAL TRUST Co purchased a new position in shares of Taylor Morrison Home during the first quarter valued at approximately $32,000. US Bancorp DE lifted its stake in shares of Taylor Morrison Home by 20.1% during the fourth quarter. US Bancorp DE now owns 4,214 shares of the construction company’s stock valued at $108,000 after buying an additional 704 shares during the period. Meeder Asset Management Inc. lifted its stake in shares of Taylor Morrison Home by 640.4% during the first quarter. Meeder Asset Management Inc. now owns 3,539 shares of the construction company’s stock valued at $109,000 after buying an additional 3,061 shares during the period. Finally, JustInvest LLC purchased a new position in Taylor Morrison Home during the fourth quarter worth approximately $207,000. 92.49% of the stock is currently 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 also develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties; offers title insurance and closing settlement services, as well as financial services.

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