Taylor Morrison Home (NYSE:TMHC) Upgraded at Zacks Research

Zacks Research upgraded shares of Taylor Morrison Home (NYSE:TMHC) from a strong sell rating to a hold rating in a research note released on Tuesday morning,Zacks.com reports.

A number of other equities analysts have also commented on the company. Wedbush reaffirmed an “outperform” rating and issued a $85.00 price objective on shares of Taylor Morrison Home in a research note on Thursday, October 23rd. Royal Bank Of Canada dropped their price target on shares of Taylor Morrison Home from $75.00 to $68.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. Barclays reaffirmed an “overweight” rating and issued a $71.00 price objective on shares of Taylor Morrison Home in a research note on Monday, December 8th. Bank of America lowered their target price on shares of Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating for the company in a research note on Friday, October 10th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Taylor Morrison Home in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $75.57.

Taylor Morrison Home Stock Performance

Shares of Taylor Morrison Home stock opened at $59.49 on Tuesday. The stock has a market cap of $5.81 billion, a price-to-earnings ratio of 7.17 and a beta of 1.57. Taylor Morrison Home has a twelve month low of $51.90 and a twelve month high of $72.50. The company’s fifty day moving average is $60.63 and its 200 day moving average is $63.12. The company has a quick ratio of 1.02, a current ratio of 7.02 and a debt-to-equity ratio of 0.35.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, October 22nd. The construction company reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.18. Taylor Morrison Home had a return on equity of 15.23% and a net margin of 10.16%.The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the company earned $2.40 EPS. Taylor Morrison Home’s revenue for the quarter was down 1.2% compared to the same quarter last year. Sell-side analysts forecast that Taylor Morrison Home will post 8.93 EPS for the current year.

Institutional Investors Weigh In On Taylor Morrison Home

A number of large investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Taylor Morrison Home during the second quarter valued at about $93,627,000. Alliancebernstein L.P. grew its stake in shares of Taylor Morrison Home by 360.1% in the 3rd quarter. Alliancebernstein L.P. now owns 1,284,221 shares of the construction company’s stock valued at $84,771,000 after buying an additional 1,005,116 shares during the period. AQR Capital Management LLC increased its position in Taylor Morrison Home by 73.8% in the 3rd quarter. AQR Capital Management LLC now owns 2,213,556 shares of the construction company’s stock valued at $146,117,000 after buying an additional 940,138 shares in the last quarter. Long Pond Capital LP raised its stake in Taylor Morrison Home by 132.4% during the 2nd quarter. Long Pond Capital LP now owns 1,561,586 shares of the construction company’s stock worth $95,913,000 after buying an additional 889,616 shares during the period. Finally, Freestone Grove Partners LP bought a new position in Taylor Morrison Home in the third quarter worth approximately $56,894,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company’s portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company’s heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.