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 report published on Wednesday,Zacks.com reports.

A number of other equities analysts have also weighed in on TMHC. Citizens Jmp started coverage on shares of Taylor Morrison Home in a report on Wednesday, January 7th. They issued a “market outperform” rating and a $95.00 price target on the stock. Weiss Ratings lowered shares of Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 20th. Bank of America decreased their price target on shares of Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Truist Financial decreased their price target on shares of Taylor Morrison Home from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, April 16th. Finally, Barclays lifted their price target on shares of Taylor Morrison Home from $68.00 to $69.00 and gave the company an “overweight” rating in a report on Thursday. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $77.43.

Taylor Morrison Home Stock Down 1.6%

Shares of TMHC opened at $63.33 on Wednesday. The firm has a market cap of $6.10 billion, a PE ratio of 9.45, a price-to-earnings-growth ratio of 1.60 and a beta of 1.58. The company’s fifty day moving average is $61.36 and its two-hundred day moving average is $61.46. Taylor Morrison Home has a fifty-two week low of $54.58 and a fifty-two week high of $72.50. The company has a quick ratio of 1.55, a current ratio of 7.66 and a debt-to-equity ratio of 0.37.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings results on Wednesday, April 22nd. The construction company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.30. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.33 billion. Taylor Morrison Home had a net margin of 8.77% and a return on equity of 11.48%. Taylor Morrison Home’s revenue for the quarter was down 26.8% on a year-over-year basis. During the same quarter last year, the business earned $2.07 EPS. Analysts forecast that Taylor Morrison Home will post 4.96 earnings per share for the current year.

Hedge Funds Weigh In On Taylor Morrison Home

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in shares of Taylor Morrison Home by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,401,801 shares of the construction company’s stock valued at $376,876,000 after acquiring an additional 57,326 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Taylor Morrison Home by 67.6% during the 4th quarter. AQR Capital Management LLC now owns 3,710,885 shares of the construction company’s stock valued at $218,274,000 after acquiring an additional 1,497,329 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Taylor Morrison Home by 96.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,554,498 shares of the construction company’s stock valued at $148,774,000 after acquiring an additional 1,251,558 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Taylor Morrison Home by 2.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,398,394 shares of the construction company’s stock valued at $141,194,000 after acquiring an additional 60,236 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Taylor Morrison Home by 10.4% during the 4th quarter. Morgan Stanley now owns 1,973,433 shares of the construction company’s stock valued at $116,176,000 after acquiring an additional 185,381 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

About Taylor Morrison Home

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.