Taylor Morrison Home (NYSE:TMHC) Sees Large Volume Increase – Here’s What Happened

Shares of Taylor Morrison Home Corporation (NYSE:TMHC) saw an uptick in trading volume on Wednesday . 1,659,222 shares were traded during mid-day trading, a decline of 14% from the previous session’s volume of 1,935,811 shares.The stock last traded at $71.7660 and had previously closed at $71.74.

Analyst Ratings Changes

Several equities research analysts have issued reports on TMHC shares. Citigroup lowered shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research note on Monday, June 1st. Royal Bank Of Canada downgraded shares of Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and increased their price objective for the stock from $69.00 to $72.50 in a research note on Tuesday, June 2nd. Wolfe Research downgraded Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, June 10th. Citizens Jmp lowered Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a research report on Monday, June 1st. Finally, Seaport Research Partners reiterated a “sell” rating and set a $49.00 price objective (down from $85.00) on shares of Taylor Morrison Home in a research note on Tuesday, April 7th. Three research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $76.86.

Taylor Morrison Home Price Performance

The company has a quick ratio of 1.45, a current ratio of 7.66 and a debt-to-equity ratio of 0.37. The firm has a market cap of $6.71 billion, a P/E ratio of 10.72, a PEG ratio of 1.68 and a beta of 1.44. The business has a fifty day moving average of $65.28 and a 200 day moving average of $62.92.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, April 22nd. The construction company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.30. Taylor Morrison Home had a return on equity of 11.48% and a net margin of 8.77%.The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the company earned $2.07 earnings per share. The business’s revenue for the quarter was down 26.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Taylor Morrison Home Corporation will post 5.26 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Miller Capital Partners Inc. acquired a new stake in Taylor Morrison Home during the 4th quarter valued at $27,000. Brown Brothers Harriman & Co. acquired a new position in shares of Taylor Morrison Home in the fourth quarter valued at $33,000. Huntington National Bank increased its holdings in shares of Taylor Morrison Home by 2,074.1% in the third quarter. Huntington National Bank now owns 587 shares of the construction company’s stock valued at $39,000 after purchasing an additional 560 shares during the last quarter. Root Financial Partners LLC increased its holdings in shares of Taylor Morrison Home by 65.7% in the first quarter. Root Financial Partners LLC now owns 638 shares of the construction company’s stock valued at $37,000 after purchasing an additional 253 shares during the last quarter. Finally, V Square Quantitative Management LLC bought a new position in shares of Taylor Morrison Home in the fourth quarter valued at about $40,000. 95.16% of the stock is owned by institutional investors and hedge funds.

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.