Traders Buy Large Volume of Call Options on Taylor Morrison Home (NYSE:TMHC)

Taylor Morrison Home Corporation (NYSE:TMHC) was the target of unusually large options trading on Monday. Stock investors bought 3,489 call options on the stock. This represents an increase of approximately 741% compared to the average daily volume of 415 call options.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TMHC. Zacks Research upgraded Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 22nd. Seaport Research Partners restated a “sell” rating and issued a $49.00 price objective (down from $85.00) on shares of Taylor Morrison Home in a research report on Tuesday, April 7th. Bank of America reduced their price objective on shares of Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Weiss Ratings lowered shares of Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, April 24th. Finally, Barclays reaffirmed an “equal weight” rating and set a $73.00 target price (up from $69.00) on shares of Taylor Morrison Home in a report on Tuesday, July 14th. Two analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $77.43.

Institutional Investors Weigh In On Taylor Morrison Home

Institutional investors and hedge funds have recently bought and sold shares of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Taylor Morrison Home by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 299,888 shares of the construction company’s stock worth $18,005,000 after buying an additional 16,379 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Taylor Morrison Home by 30.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 899 shares of the construction company’s stock valued at $55,000 after buying an additional 211 shares in the last quarter. M&T Bank Corp bought a new stake in shares of Taylor Morrison Home during the 2nd quarter worth $262,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Taylor Morrison Home by 406.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 897 shares of the construction company’s stock worth $55,000 after acquiring an additional 720 shares during the last quarter. Finally, Marshall Wace LLP grew its position in Taylor Morrison Home by 12.0% in the second quarter. Marshall Wace LLP now owns 8,029 shares of the construction company’s stock worth $493,000 after acquiring an additional 859 shares in the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Taylor Morrison Home Price Performance

Taylor Morrison Home stock opened at $72.44 on Tuesday. Taylor Morrison Home has a 52 week low of $54.15 and a 52 week high of $72.50. The business has a 50-day simple moving average of $67.77 and a 200 day simple moving average of $63.93. The company has a quick ratio of 1.45, a current ratio of 7.66 and a debt-to-equity ratio of 0.37. The stock has a market cap of $6.77 billion, a price-to-earnings ratio of 10.81, a PEG ratio of 1.69 and a beta of 1.44.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, April 22nd. The construction company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.30. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Taylor Morrison Home had a return on equity of 11.48% and a net margin of 8.77%.The company’s revenue was down 26.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.07 EPS. On average, research analysts forecast that Taylor Morrison Home will post 5.26 earnings per share for the current fiscal year.

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.