StockNews.com lowered the shares of Taylor Morrison Home (NYSE:TMHC – Free Report) from a “buy” rating to a “hold” rating in a research note published on Thursday.
A number of other research analysts have also commented on TMHC. Wedbush reiterated an outperform rating and issued a $61.00 price target on shares of Taylor Morrison Home in a research note on Thursday, May 30. Royal Bank of Canada increased their price target on Taylor Morrison Home from $61.00 to $63.00 and gave the stock an outperform rating in a research note on Wednesday, May 1. Finally, Zelman & Associates upgraded Taylor Morrison Home from an underperform rating to a neutral rating in a research note on Friday, April 12. Four analysts have rated the stock with a hold rating and three have given a buy rating. According to data from MarketBeat, Taylor Morrison Home has an average hold rating and an average price target of $59.40.
Check out our latest stock report on TMHC
Taylor Morrison property trading up 0.2%
Taylor Morrison Home stock opened at $55.23 on Thursday. The company has a debt-to-equity ratio of 0.39, a price-to-earnings ratio of 0.91 and a current ratio of 6.16. The stock has a 50-day moving average of $57.07 and a 200-day moving average of $55.71. The stock has a market cap of $5.84 billion, a P/E ratio of 7.90 and a beta of 1.93. Taylor Morrison Home has a 52-week low of $37.23 and a 52-week high of $62.64.
Taylor Morrison Home (NYSE:TMHC – Get Free Report) last released its quarterly earnings results on Tuesday, April 30. The home improvement company reported earnings per share of $1.75 for the quarter, beating analysts’ consensus estimates of $1.57 by $0.18. Taylor Morrison Home had a return on equity of 15.75% and a net margin of 10.30%. The company posted revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter last year, the company posted earnings per share of $1.74. The company’s revenue for the quarter increased 2.3% year-over-year. Analysts expect Taylor Morrison Home to report earnings per share of $7.62 for the current year.
Insiders place their bets
In other news, CEO Sheryl Palmer sold 100,000 shares of the company’s stock on Wednesday, May 15. The shares were sold at an average price of $61.70, for a total transaction of $6,170,000.00. Following the completion of the sale, the CEO now directly owns 19,211 shares of the company’s stock, valued at approximately $1,185,318.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.50% of the company’s stock.
Institutional investors comment on Taylor Morrison’s house
A number of large investors have recently bought and sold shares of TMHC. Rise Advisors LLC acquired a new stake in shares of Taylor Morrison Home in the 1st quarter valued at about $26,000. ICA Group Wealth Management LLC acquired a new stake in shares of Taylor Morrison Home in the 4th quarter valued at $27,000. Private Wealth Management Group LLC acquired a new position in shares of Taylor Morrison Home in the 4th quarter valued at $39,000. Daiwa Securities Group Inc. acquired a new position in shares of Taylor Morrison Home in the 4th quarter valued at $48,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Taylor Morrison Home in the 4th quarter valued at $81,000. 95.16% of the shares are currently owned by institutional investors and hedge funds.
Taylor Morrison Home Company Profile
(Get free report)
Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public housing developer in the United States. The company designs, builds and sells single-family, multi-family and townhomes and develops lifestyle and master-planned communities. It develops and builds multi-use properties consisting of commercial space, retail stores and multifamily housing under the Urban Form brand name.
Further information
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