StockNews.com Downgrades Taylor Morrison Home (NYSE:TMHC) to Hold

Taylor Morrison Home (NYSE:TMHC) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

A number of other research firms also recently issued reports on TMHC. JPMorgan Chase & Co. decreased their price objective on shares of Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, December 13th. Raymond James restated an “outperform” rating and set a $84.00 price target (up previously from $81.00) on shares of Taylor Morrison Home in a research note on Tuesday, October 29th. 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 research note on Thursday, October 24th. Barclays raised Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $75.00 to $90.00 in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada upped their price target on Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $84.00.

Taylor Morrison Home Stock Performance

Shares of NYSE TMHC traded up $0.91 during midday trading on Wednesday, reaching $60.91. The company’s stock had a trading volume of 956,705 shares, compared to its average volume of 709,261. The stock has a market capitalization of $6.30 billion, a P/E ratio of 8.06 and a beta of 2.01. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69. The firm has a 50 day moving average price of $67.35 and a 200-day moving average price of $65.53. Taylor Morrison Home has a 12-month low of $50.68 and a 12-month high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.31. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the previous year, the firm earned $1.62 earnings per share. The business’s revenue was up 26.6% on a year-over-year basis. As a group, equities analysts predict that Taylor Morrison Home will post 8.44 earnings per share for the current year.

Insider Activity at Taylor Morrison Home

In related news, Director William H. Lyon sold 24,284 shares of Taylor Morrison Home stock in a transaction on Monday, November 25th. The stock was sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the completion of the sale, the director now owns 2,045,316 shares of the company’s stock, valued at approximately $152,294,229.36. This trade represents a 1.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Darrell Sherman sold 68,433 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $70.50, for a total value of $4,824,526.50. Following the completion of the transaction, the executive vice president now owns 109,217 shares in the company, valued at $7,699,798.50. This represents a 38.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 128,549 shares of company stock worth $9,159,829. 3.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TMHC. Range Financial Group LLC purchased a new position in Taylor Morrison Home in the 4th quarter worth approximately $307,000. Nordea Investment Management AB lifted its holdings in shares of Taylor Morrison Home by 2.0% during the 4th quarter. Nordea Investment Management AB now owns 138,871 shares of the construction company’s stock worth $8,529,000 after acquiring an additional 2,760 shares during the last quarter. Principal Financial Group Inc. grew its position in Taylor Morrison Home by 3.5% in the third quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock worth $144,144,000 after acquiring an additional 69,222 shares in the last quarter. Lord Abbett & CO. LLC increased its stake in Taylor Morrison Home by 2.5% in the third quarter. Lord Abbett & CO. LLC now owns 463,287 shares of the construction company’s stock valued at $32,550,000 after acquiring an additional 11,302 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in Taylor Morrison Home by 15.3% during the third quarter. Franklin Resources Inc. now owns 618,360 shares of the construction company’s stock valued at $42,345,000 after purchasing an additional 81,841 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.