Taylor Morrison Home (NYSE:TMHC) Upgraded at Truist Financial

Truist Financial upgraded shares of Taylor Morrison Home (NYSE:TMHC) to a strong-buy rating in a research note published on Tuesday,Zacks.com reports.

TMHC has been the topic of several other reports. Zacks Research downgraded Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. Citizens Jmp assumed coverage on Taylor Morrison Home in a report on Wednesday, January 7th. They issued a “market outperform” rating and a $95.00 price objective on the stock. Weiss Ratings downgraded Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 20th. Citigroup began coverage on Taylor Morrison Home in a research report on Wednesday, January 7th. They issued an “outperform” rating on the stock. Finally, Royal Bank Of Canada increased their price target on shares of Taylor Morrison Home from $62.00 to $68.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $78.29.

Taylor Morrison Home Stock Down 3.0%

NYSE:TMHC opened at $61.64 on Tuesday. The company has a current ratio of 7.31, a quick ratio of 1.55 and a debt-to-equity ratio of 0.36. Taylor Morrison Home has a twelve month low of $51.90 and a twelve month high of $72.50. The company has a market cap of $5.94 billion, a PE ratio of 7.94, a P/E/G ratio of 8.90 and a beta of 1.58. The company’s 50 day moving average is $63.54 and its two-hundred day moving average is $63.54.

Institutional Investors Weigh In On Taylor Morrison Home

Several hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in shares of Taylor Morrison Home by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,401,801 shares of the construction company’s stock worth $376,876,000 after purchasing an additional 57,326 shares in the last quarter. AQR Capital Management LLC lifted its stake in Taylor Morrison Home by 67.6% in 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 buying an additional 1,497,329 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Taylor Morrison Home by 2.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,398,394 shares of the construction company’s stock worth $141,194,000 after buying an additional 60,236 shares during the last quarter. Morgan Stanley increased its stake in Taylor Morrison Home by 10.4% during the 4th quarter. Morgan Stanley now owns 1,973,433 shares of the construction company’s stock worth $116,176,000 after buying an additional 185,381 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Taylor Morrison Home by 61.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,833,814 shares of the construction company’s stock valued at $107,957,000 after acquiring an additional 695,471 shares during the last quarter. Hedge funds and other institutional investors 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.