Taylor Morrison Home (NYSE:TMHC) Cut 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 report issued on Thursday.

A number of other equities research analysts also recently commented on TMHC. Zelman & Associates upgraded Taylor Morrison Home from an underperform rating to a neutral rating in a research report on Friday, April 12th. Royal Bank of Canada upped their price objective on Taylor Morrison Home from $61.00 to $63.00 and gave the stock an outperform rating in a report on Wednesday, May 1st. Barclays raised their target price on shares of Taylor Morrison Home from $55.00 to $60.00 and gave the company an equal weight rating in a report on Thursday, February 15th. Finally, Wedbush reaffirmed a neutral rating and set a $55.00 price target on shares of Taylor Morrison Home in a research note on Tuesday, April 30th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $58.20.

Taylor Morrison Home Trading Up 1.4 %

Shares of TMHC opened at $57.69 on Thursday. Taylor Morrison Home has a 1 year low of $37.23 and a 1 year high of $62.64. The company has a 50 day simple moving average of $58.21 and a two-hundred day simple moving average of $54.02. The company has a debt-to-equity ratio of 0.39, a current ratio of 6.16 and a quick ratio of 0.91. The firm has a market cap of $6.10 billion, a P/E ratio of 8.25 and a beta of 1.88.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly 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. Taylor Morrison Home had a net margin of 10.30% and a return on equity of 15.75%. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the previous year, the firm posted $1.74 EPS. Taylor Morrison Home’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, equities analysts expect that Taylor Morrison Home will post 7.62 earnings per share for the current fiscal year.

Insider Buying and Selling at Taylor Morrison Home

In related news, Director William H. Lyon sold 77,210 shares of Taylor Morrison Home stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $58.33, for a total transaction of $4,503,659.30. Following the completion of the transaction, the director now directly owns 57,570 shares of the company’s stock, valued at approximately $3,358,058.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director William H. Lyon sold 77,210 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $58.33, for a total value of $4,503,659.30. Following the sale, the director now directly owns 57,570 shares in the company, valued at $3,358,058.10. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director William H. Lyon sold 46,668 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $58.16, for a total value of $2,714,210.88. Following the transaction, the director now owns 2,577,316 shares of the company’s stock, valued at approximately $149,896,698.56. The disclosure for this sale can be found here. Insiders have sold 658,517 shares of company stock worth $39,497,196 over the last quarter. Insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Rise Advisors LLC bought a new position in Taylor Morrison Home in the 1st quarter worth about $26,000. ICA Group Wealth Management LLC bought a new position in Taylor Morrison Home in the fourth quarter worth approximately $27,000. Private Wealth Management Group LLC purchased a new position in Taylor Morrison Home during the 4th quarter worth $39,000. Daiwa Securities Group Inc. bought a new stake in Taylor Morrison Home during the 4th quarter valued at $48,000. Finally, Headlands Technologies LLC bought a new position in shares of Taylor Morrison Home during the 4th quarter worth $81,000. Hedge funds and other institutional investors 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.