Taylor Morrison Home (NYSE:TMHC) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Taylor Morrison Home (NYSE:TMHC) from a hold rating to a buy rating in a research report sent to investors on Thursday.

TMHC has been the subject of a number of other research reports. Wedbush reiterated a “neutral” rating and issued a $65.00 price objective on shares of Taylor Morrison Home in a report on Wednesday. BTIG Research upped their price objective on Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a report on Thursday. Royal Bank of Canada increased their price target on Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday. Barclays increased their price target on Taylor Morrison Home from $72.00 to $75.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Raymond James initiated coverage on Taylor Morrison Home in a report on Wednesday, July 24th. They issued an “outperform” rating and a $75.00 price target for the company. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Taylor Morrison Home presently has an average rating of “Moderate Buy” and a consensus price target of $75.83.

Taylor Morrison Home Trading Up 1.3 %

Shares of TMHC stock traded up $0.89 on Thursday, reaching $69.25. 118,313 shares of the stock were exchanged, compared to its average volume of 788,675. The stock has a 50 day moving average price of $67.44 and a 200 day moving average price of $61.57. The stock has a market cap of $7.32 billion, a PE ratio of 9.78 and a beta of 1.96. The company has a debt-to-equity ratio of 0.39, a current ratio of 6.01 and a quick ratio of 0.67. Taylor Morrison Home has a one year low of $37.23 and a one year high of $71.95.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.31. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $1.96 billion. Taylor Morrison Home had a return on equity of 14.99% and a net margin of 9.92%. The firm’s revenue was up 26.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.62 earnings per share. Equities research analysts forecast that Taylor Morrison Home will post 8.15 EPS for the current fiscal year.

Insider Transactions at Taylor Morrison Home

In other news, Director William H. Lyon sold 1,741 shares of the company’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 of the company’s stock, valued at $149,347,347.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in shares of Taylor Morrison Home during the third quarter worth about $29,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Taylor Morrison Home during the second quarter valued at approximately $31,000. UMB Bank n.a. boosted its position in Taylor Morrison Home by 263.9% during the third quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock valued at $38,000 after purchasing an additional 388 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in Taylor Morrison Home during the first quarter valued at approximately $82,000. Finally, Meeder Asset Management Inc. acquired a new position in Taylor Morrison Home during the first quarter valued at approximately $91,000. 95.16% of the stock is owned by institutional investors and hedge funds.

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.