StockNews.com downgraded the shares of Taylor Morrison Home (NYSE:TMHC – Free Report) from a hold rating to a buy rating in a report published on Thursday.
TMHC has been the subject of a number of other reports. Zelman & Associates upgraded Taylor Morrison Home from an underperform rating to a neutral rating in a research note on Friday, April 12. Wedbush reiterated an outperform rating and set a $61.00 price target on shares of Taylor Morrison Home in a research note on Thursday, May 30. Finally, Royal Bank of Canada raised 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. Three equities analysts have rated the stock with a hold rating and four have given a buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $59.40.
Read our latest analysis on TMHC
Taylor Morrison property trading up 7.7%
TMHC opened at $59.40 on Thursday. Taylor Morrison Home has a one year low of $37.23 and a one year high of $62.64. The stock has a market cap of $6.28 billion, a P/E ratio of 8.50 and a beta of 1.95. The company’s 50-day moving average price is $56.77 and its 200-day moving average price is $55.95. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.91 and a current ratio of 6.16.
Taylor Morrison Home (NYSE:TMHC – Get Free Report) last released its quarterly earnings results on Tuesday, April 30. The home improvement company reported $1.75 earnings per share 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 period last year, the company reported earnings per share of $1.74. The company’s quarterly revenue grew 2.3% year-over-year. As a group, equities analysts expect Taylor Morrison Home to report earnings per share of $7.62 for the current year.
Insider transactions at Taylor Morrison Home
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. After the sale, the CEO now owns 19,211 shares of the company’s stock, valued at $1,185,318.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.50% of the company’s stock.
Hedge funds comment on Taylor Morrison’s house
Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Taylor Morrison Home by 1.9% in the third quarter. Vanguard Group Inc. now owns 11,404,759 shares of the home improvement company’s stock valued at $485,957,000 after buying an additional 217,222 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Taylor Morrison Home by 3.6% in the first quarter. Principal Financial Group Inc. now owns 2,065,300 shares of the home improvement company’s stock valued at $128,400,000 after buying an additional 71,564 shares in the last quarter. Norges Bank acquired a new stake in Taylor Morrison Home in the fourth quarter valued at $63,137,000. Charles Schwab Investment Management Inc. increased its holdings in Taylor Morrison Home by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,044,133 shares of the construction company’s stock valued at $55,704,000 after acquiring an additional 21,799 shares in the last quarter. Finally, Assetmark Inc. increased its stake in Taylor Morrison Home by 99.3% in the fourth quarter. Assetmark Inc. now owns 786,812 shares of the construction company’s stock valued at $41,976,000 after acquiring an additional 391,964 shares in the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.
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.
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