Zelman & Associates Upgrades Taylor Morrison Home (NYSE:TMHC) to “Outperform”

Taylor Morrison Home (NYSE:TMHC) was upgraded by Zelman & Associates from a “neutral” rating to an “outperform” rating in a report issued on Monday, Benzinga reports.

Other equities research analysts also recently issued research reports about the company. StockNews.com downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Royal Bank of Canada increased their target price on shares of Taylor Morrison Home from $63.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Barclays boosted their price target on shares of Taylor Morrison Home from $62.00 to $72.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. Raymond James started coverage on shares of Taylor Morrison Home in a research note on Wednesday, July 24th. They issued an “outperform” rating and a $75.00 price objective for the company. Finally, Wedbush restated a “neutral” rating and issued a $65.00 target price (up previously from $61.00) on shares of Taylor Morrison Home in a research note on Wednesday, July 24th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $68.60.

Taylor Morrison Home Stock Down 1.0 %

NYSE TMHC traded down $0.62 during mid-day trading on Monday, hitting $59.80. The company’s stock had a trading volume of 349,175 shares, compared to its average volume of 790,307. The company has a current ratio of 6.01, a quick ratio of 0.67 and a debt-to-equity ratio of 0.39. The company’s 50 day simple moving average is $59.07 and its 200 day simple moving average is $57.71. Taylor Morrison Home has a twelve month low of $37.23 and a twelve month high of $69.62. The firm has a market capitalization of $6.32 billion, a price-to-earnings ratio of 8.55 and a beta of 1.95.

Insider Activity

In related news, Director William H. Lyon sold 1,741 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $68.03, for a total transaction of $118,440.23. Following the completion of the transaction, the director now directly owns 2,195,316 shares in the company, valued at $149,347,347.48. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director William H. Lyon sold 28,259 shares of Taylor Morrison Home stock in a transaction on Friday, July 26th. The shares were sold at an average price of $68.25, for a total transaction of $1,928,676.75. Following the completion of the sale, the director now directly owns 2,197,057 shares of the company’s stock, valued at approximately $149,949,140.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William H. Lyon sold 1,741 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $68.03, for a total value of $118,440.23. Following the completion of the transaction, the director now directly owns 2,195,316 shares in the company, valued at approximately $149,347,347.48. The disclosure for this sale can be found here. Insiders sold 190,000 shares of company stock worth $12,136,317 in the last three months. Corporate insiders own 3.50% of the company’s stock.

Institutional Trading of Taylor Morrison Home

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Forum Financial Management LP boosted its position in Taylor Morrison Home by 3.9% during the second quarter. Forum Financial Management LP now owns 4,430 shares of the construction company’s stock valued at $246,000 after buying an additional 165 shares during the period. SummerHaven Investment Management LLC grew its position in Taylor Morrison Home by 1.5% during the 4th quarter. SummerHaven Investment Management LLC now owns 14,383 shares of the construction company’s stock worth $767,000 after acquiring an additional 213 shares during the last quarter. TCW Group Inc. increased its stake in Taylor Morrison Home by 0.4% in the 2nd quarter. TCW Group Inc. now owns 52,193 shares of the construction company’s stock worth $2,894,000 after purchasing an additional 213 shares during the period. Meritage Portfolio Management lifted its position in Taylor Morrison Home by 2.1% in the fourth quarter. Meritage Portfolio Management now owns 10,885 shares of the construction company’s stock valued at $581,000 after purchasing an additional 229 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of Taylor Morrison Home by 17.2% during the fourth quarter. CWM LLC now owns 1,804 shares of the construction company’s stock valued at $96,000 after purchasing an additional 265 shares during the period. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.