Taylor Morrison Home’s (TMHC) “Neutral” Rating Reaffirmed at Wedbush

Wedbush reaffirmed their neutral rating on shares of Taylor Morrison Home (NYSE:TMHC) in a research note issued to investors on Tuesday morning, Benzinga reports. The firm currently has a $55.00 price objective on the construction company’s stock.

TMHC has been the topic of several other reports. Seaport Res Ptn lowered shares of Taylor Morrison Home from a buy rating to a neutral rating in a report on Monday, January 22nd. StockNews.com lowered shares of Taylor Morrison Home from a buy rating to a hold rating in a report on Thursday, March 21st. Barclays lifted their price target on shares of Taylor Morrison Home from $55.00 to $60.00 and gave the stock an equal weight rating in a report on Thursday, February 15th. Royal Bank of Canada lifted their price target on shares of Taylor Morrison Home from $57.00 to $61.00 and gave the stock an outperform rating in a report on Thursday, February 15th. Finally, Zelman & Associates raised shares of Taylor Morrison Home from an underperform rating to a neutral rating in a report on Friday, April 12th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $57.80.

Taylor Morrison Home Price Performance

NYSE TMHC opened at $55.98 on Tuesday. The company has a market cap of $5.96 billion, a PE ratio of 8.02 and a beta of 1.87. The firm’s 50 day moving average price is $57.58 and its 200-day moving average price is $51.66. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.13 and a current ratio of 6.00. Taylor Morrison Home has a 52-week low of $37.23 and a 52-week high of $62.64.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, February 14th. The construction company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.23. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.85 billion. Taylor Morrison Home had a net margin of 10.37% and a return on equity of 16.21%. Taylor Morrison Home’s revenue was down 19.0% compared to the same quarter last year. During the same period last year, the company posted $2.93 earnings per share. Sell-side analysts forecast that Taylor Morrison Home will post 7.29 EPS for the current fiscal year.

Insider Transactions at Taylor Morrison Home

In related news, Director William H. Lyon sold 164,000 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $60.33, for a total transaction of $9,894,120.00. Following the completion of the transaction, the director now directly owns 43,570 shares in the company, valued at $2,628,578.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director William H. Lyon sold 164,000 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $60.33, for a total transaction of $9,894,120.00. Following the completion of the transaction, the director now directly owns 43,570 shares in the company, valued at $2,628,578.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William H. Lyon sold 33,400 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $56.04, for a total transaction of $1,871,736.00. Following the transaction, the director now owns 71,570 shares of the company’s stock, valued at $4,010,782.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 613,537 shares of company stock worth $36,409,767. Company insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in 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 construction company’s stock valued at $485,957,000 after buying an additional 217,222 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in shares of Taylor Morrison Home by 117.0% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 3,180,341 shares of the construction company’s stock worth $135,514,000 after purchasing an additional 1,714,897 shares in the last quarter. Invesco Ltd. increased its stake in shares of Taylor Morrison Home by 3.3% during the third quarter. Invesco Ltd. now owns 3,038,939 shares of the construction company’s stock worth $129,489,000 after purchasing an additional 97,604 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of Taylor Morrison Home by 15.3% during the third quarter. Acadian Asset Management LLC now owns 2,528,636 shares of the construction company’s stock worth $107,726,000 after purchasing an additional 334,815 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in Taylor Morrison Home by 3.6% during the 1st quarter. Principal Financial Group Inc. now owns 2,065,300 shares of the construction company’s stock valued at $128,400,000 after acquiring an additional 71,564 shares in 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, 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.