Taylor Morrison Home (NYSE:TMHC) Stock Rating Upgraded by Zelman & Associates

Taylor Morrison Home (NYSE:TMHC) was upgraded by equities researchers at Zelman & Associates from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Friday, Benzinga reports.

A number of other equities analysts have also recently weighed in on TMHC. StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Seaport Res Ptn cut Taylor Morrison Home from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Barclays raised their target price on Taylor Morrison Home from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday, February 15th. Wedbush restated a “neutral” rating and set a $52.00 target price on shares of Taylor Morrison Home in a report on Monday, December 18th. Finally, Royal Bank of Canada raised their target price on Taylor Morrison Home from $57.00 to $61.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $57.20.

Taylor Morrison Home Stock Down 0.1 %

Shares of TMHC opened at $56.79 on Friday. Taylor Morrison Home has a 52-week low of $37.23 and a 52-week high of $62.64. The company has a market capitalization of $6.04 billion, a PE ratio of 8.14 and a beta of 1.87. The stock has a fifty day simple moving average of $57.24 and a two-hundred day simple moving average of $50.43. The company has a quick ratio of 1.13, a current ratio of 6.00 and a debt-to-equity ratio of 0.38.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, February 14th. The construction company reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.23. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.85 billion. Taylor Morrison Home had a return on equity of 16.21% and a net margin of 10.37%. The company’s revenue for the quarter was down 19.0% on a year-over-year basis. During the same period last year, the company earned $2.93 EPS. As a group, equities analysts forecast that Taylor Morrison Home will post 7.29 EPS for the current year.

Insiders Place Their Bets

In other Taylor Morrison Home news, Director William H. Lyon sold 153,000 shares of Taylor Morrison Home stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $62.32, for a total transaction of $9,534,960.00. Following the transaction, the director now owns 40,570 shares of the company’s stock, valued at $2,528,322.40. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CAO Joseph Terracciano sold 724 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $55.87, for a total value of $40,449.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William H. Lyon sold 153,000 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $62.32, for a total value of $9,534,960.00. Following the completion of the transaction, the director now directly owns 40,570 shares in the company, valued at approximately $2,528,322.40. The disclosure for this sale can be found here. Insiders have sold a total of 613,537 shares of company stock valued at $36,409,767 over the last quarter. Company insiders own 5.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. IFP Advisors Inc boosted its stake in shares of Taylor Morrison Home by 138.9% in the third quarter. IFP Advisors Inc now owns 614 shares of the construction company’s stock valued at $26,000 after buying an additional 357 shares in the last quarter. Rise Advisors LLC purchased a new stake in shares of Taylor Morrison Home in the first quarter valued at approximately $26,000. ICA Group Wealth Management LLC purchased a new stake in shares of Taylor Morrison Home in the fourth quarter valued at approximately $27,000. Private Wealth Management Group LLC purchased a new stake in shares of Taylor Morrison Home in the fourth quarter valued at approximately $39,000. Finally, Lazard Asset Management LLC purchased a new stake in Taylor Morrison Home during the first quarter worth $44,000. 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.