Taylor Morrison Home (NYSE:TMHC) Reaches New 1-Year Low – Should You Sell?

Taylor Morrison Home Corporation (NYSE:TMHC)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $54.15 and last traded at $55.0670, with a volume of 46466 shares changing hands. The stock had previously closed at $55.94.

Analysts Set New Price Targets

Several brokerages have issued reports on TMHC. Zacks Research raised Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 22nd. Royal Bank Of Canada increased their price target on shares of Taylor Morrison Home from $68.00 to $69.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Wolfe Research reissued an “outperform” rating and issued a $76.00 price target on shares of Taylor Morrison Home in a report on Thursday, April 23rd. Seaport Research Partners reissued a “sell” rating and issued a $49.00 price target (down from $85.00) on shares of Taylor Morrison Home in a report on Tuesday, April 7th. Finally, Bank of America lowered their price target on shares of Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Taylor Morrison Home currently has an average rating of “Moderate Buy” and a consensus target price of $77.43.

Taylor Morrison Home Stock Down 1.4%

The stock has a 50-day moving average of $59.45 and a 200 day moving average of $61.22. The company has a market cap of $5.15 billion, a P/E ratio of 8.22, a PEG ratio of 1.34 and a beta of 1.51. The company has a debt-to-equity ratio of 0.37, a current ratio of 7.66 and a quick ratio of 1.45.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.30. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Taylor Morrison Home had a net margin of 8.77% and a return on equity of 11.48%. The firm’s quarterly revenue was down 26.8% compared to the same quarter last year. During the same period last year, the firm posted $2.07 earnings per share. Research analysts anticipate that Taylor Morrison Home Corporation will post 5.06 earnings per share for the current year.

Institutional Trading of Taylor Morrison Home

Several hedge funds and other institutional investors have recently made changes to their positions in TMHC. AQR Capital Management LLC grew its holdings in shares of Taylor Morrison Home by 67.6% during the fourth quarter. AQR Capital Management LLC now owns 3,710,885 shares of the construction company’s stock worth $218,274,000 after purchasing an additional 1,497,329 shares during the last quarter. Norges Bank bought a new stake in shares of Taylor Morrison Home in the fourth quarter worth $84,994,000. Assenagon Asset Management S.A. grew its stake in shares of Taylor Morrison Home by 96.1% in the first quarter. Assenagon Asset Management S.A. now owns 2,554,498 shares of the construction company’s stock worth $148,774,000 after purchasing an additional 1,251,558 shares during the last quarter. M&T Bank Corp grew its stake in shares of Taylor Morrison Home by 28,246.3% in the fourth quarter. M&T Bank Corp now owns 1,058,169 shares of the construction company’s stock worth $62,294,000 after purchasing an additional 1,054,436 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Taylor Morrison Home by 360.1% in the third quarter. Alliancebernstein L.P. now owns 1,284,221 shares of the construction company’s stock worth $84,771,000 after purchasing an additional 1,005,116 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors.

About Taylor Morrison Home

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company’s portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company’s heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.