Taylor Morrison Home (NYSE:TMHC) Sees Large Volume Increase – Should You Buy?

Taylor Morrison Home Corporation (NYSE:TMHC) shares saw an uptick in trading volume on Wednesday . 1,214,873 shares were traded during trading, a decline of 18% from the previous session’s volume of 1,474,853 shares.The stock last traded at $71.60 and had previously closed at $71.50.

Analyst Ratings Changes

Several brokerages have recently issued reports on TMHC. Royal Bank Of Canada downgraded Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $69.00 to $72.50 in a research report on Tuesday. Citigroup downgraded Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research note on Monday. Bank of America cut their target price on Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Zacks Research raised Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 22nd. Finally, Citizens Jmp downgraded Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a research note on Monday. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $76.86.

Taylor Morrison Home Trading Up 0.2%

The business’s 50 day moving average price is $59.37 and its two-hundred day moving average price is $61.23. The company has a market capitalization of $6.69 billion, a price-to-earnings ratio of 10.69, a price-to-earnings-growth ratio of 1.65 and a beta of 1.47. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.45 and a current ratio of 7.66.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, April 22nd. The construction company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.30. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.33 billion. Taylor Morrison Home had a net margin of 8.77% and a return on equity of 11.48%. The business’s revenue for the quarter was down 26.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.07 EPS. Equities analysts forecast that Taylor Morrison Home Corporation will post 5.36 earnings per share for the current fiscal year.

Institutional Trading of Taylor Morrison Home

A number of institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC boosted its position in shares of Taylor Morrison Home by 50.5% during the 1st quarter. Parallel Advisors LLC now owns 1,499 shares of the construction company’s stock valued at $87,000 after purchasing an additional 503 shares in the last quarter. Strategic Investment Advisors MI bought a new position in shares of Taylor Morrison Home during the 1st quarter valued at about $295,000. Amundi boosted its position in shares of Taylor Morrison Home by 214.4% during the 1st quarter. Amundi now owns 21,511 shares of the construction company’s stock valued at $1,253,000 after purchasing an additional 14,668 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of Taylor Morrison Home by 24.1% during the 1st quarter. California State Teachers Retirement System now owns 115,163 shares of the construction company’s stock valued at $6,707,000 after purchasing an additional 22,348 shares in the last quarter. Finally, Readystate Asset Management LP bought a new position in shares of Taylor Morrison Home during the 1st quarter valued at about $2,094,000. 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.