Taylor Morrison Home (NYSE:TMHC) Cut to “Strong Sell” at Zacks Research

Zacks Research cut shares of Taylor Morrison Home (NYSE:TMHC) from a hold rating to a strong sell rating in a research report sent to investors on Thursday morning,Zacks.com reports.

Several other brokerages also recently issued reports on TMHC. Citigroup initiated coverage on shares of Taylor Morrison Home in a research report on Wednesday, January 7th. They set an “outperform” rating for the company. Barclays reiterated an “overweight” rating and set a $71.00 target price on shares of Taylor Morrison Home in a report on Monday, December 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Taylor Morrison Home in a report on Monday, December 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $62.00 price objective on shares of Taylor Morrison Home in a research report on Friday, January 9th. Finally, Citizens Jmp started coverage on Taylor Morrison Home in a research report on Wednesday, January 7th. They issued a “market outperform” rating and a $95.00 target price on the stock. Eight equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $77.14.

Taylor Morrison Home Trading Down 1.7%

Shares of NYSE:TMHC opened at $62.21 on Thursday. Taylor Morrison Home has a 52-week low of $51.90 and a 52-week high of $72.50. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.02 and a current ratio of 7.02. The company has a market cap of $6.08 billion, a P/E ratio of 7.50 and a beta of 1.59. The stock’s 50-day moving average is $61.31 and its 200-day moving average is $63.31.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Arkadios Wealth Advisors bought a new position in Taylor Morrison Home during the second quarter worth about $359,000. Nordea Investment Management AB boosted its holdings in Taylor Morrison Home by 3.9% in the 2nd quarter. Nordea Investment Management AB now owns 175,654 shares of the construction company’s stock valued at $10,722,000 after purchasing an additional 6,598 shares during the period. Pacer Advisors Inc. acquired a new position in shares of Taylor Morrison Home during the 3rd quarter worth approximately $1,357,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Taylor Morrison Home during the third quarter worth approximately $2,088,000. Finally, Aviva PLC acquired a new stake in shares of Taylor Morrison Home in the second quarter valued at approximately $558,000. 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.