Taylor Morrison Home (TMHC) Lifted to Hold at ValuEngine

ValuEngine upgraded shares of Taylor Morrison Home (NYSE:TMHC) from a sell rating to a hold rating in a report released on Tuesday, ValuEngine reports.

TMHC has been the subject of a number of other research reports. TheStreet upgraded Taylor Morrison Home from a c+ rating to a b- rating in a research note on Monday, January 28th. Wells Fargo & Co lowered Taylor Morrison Home from an outperform rating to a market perform rating and set a $21.50 price objective for the company. in a research note on Monday, January 14th. Zacks Investment Research upgraded Taylor Morrison Home from a hold rating to a buy rating and set a $20.00 price objective for the company in a research note on Thursday, January 17th. JPMorgan Chase & Co. upgraded Taylor Morrison Home from a neutral rating to an overweight rating and raised their price objective for the company from $18.50 to $20.00 in a research note on Thursday, March 7th. Finally, B. Riley raised their price objective on Taylor Morrison Home from $20.00 to $21.00 and gave the company a neutral rating in a research note on Thursday, February 14th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $22.77.

Shares of NYSE TMHC opened at $20.94 on Tuesday. Taylor Morrison Home has a fifty-two week low of $14.73 and a fifty-two week high of $22.59. The company has a quick ratio of 0.63, a current ratio of 7.85 and a debt-to-equity ratio of 0.91. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 7.90, a price-to-earnings-growth ratio of 1.05 and a beta of 1.19.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, May 1st. The construction company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.10. Taylor Morrison Home had a return on equity of 12.89% and a net margin of 4.83%. The firm had revenue of $925.10 million during the quarter, compared to analyst estimates of $872.44 million. During the same quarter last year, the firm earned $0.41 EPS. Taylor Morrison Home’s quarterly revenue was up 23.0% on a year-over-year basis. Equities analysts expect that Taylor Morrison Home will post 2.62 earnings per share for the current fiscal year.

In other news, insider Joseph Terracciano sold 2,323 shares of Taylor Morrison Home stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $16.84, for a total value of $39,119.32. Following the completion of the transaction, the insider now owns 2,050 shares in the company, valued at approximately $34,522. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.90% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC grew its position in shares of Taylor Morrison Home by 1.6% in the 1st quarter. FMR LLC now owns 12,246,684 shares of the construction company’s stock worth $217,379,000 after acquiring an additional 187,769 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Taylor Morrison Home by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 10,537,928 shares of the construction company’s stock worth $190,104,000 after purchasing an additional 197,582 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Taylor Morrison Home by 10.1% in the 1st quarter. BlackRock Inc. now owns 10,028,276 shares of the construction company’s stock worth $178,002,000 after purchasing an additional 921,369 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Taylor Morrison Home by 8.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,501,975 shares of the construction company’s stock worth $168,663,000 after purchasing an additional 767,180 shares during the last quarter. Finally, Donald Smith & CO. Inc. lifted its holdings in shares of Taylor Morrison Home by 0.8% in the 4th quarter. Donald Smith & CO. Inc. now owns 8,593,698 shares of the construction company’s stock worth $136,640,000 after purchasing an additional 69,663 shares during the last quarter.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family and multi-family attached and detached homes; and develops lifestyle and master-planned communities. It operates under the Taylor Morrison and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.

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Analyst Recommendations for Taylor Morrison Home (NYSE:TMHC)

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