ValuEngine Lowers Taylor Morrison Home (NYSE:TMHC) to Sell

ValuEngine downgraded shares of Taylor Morrison Home (NYSE:TMHC) from a hold rating to a sell rating in a report issued on Thursday morning, ValuEngine reports.

Other equities research analysts have also recently issued reports about the company. Royal Bank of Canada raised Taylor Morrison Home from a sector perform rating to an outperform rating and raised their price target for the company from $23.00 to $25.00 in a report on Thursday, May 16th. Barclays raised their price target on Taylor Morrison Home from $20.00 to $23.00 and gave the company an equal weight rating in a report on Friday, July 19th. Zacks Investment Research cut Taylor Morrison Home from a buy rating to a hold rating in a report on Saturday, July 20th. Citigroup lifted their target price on Taylor Morrison Home from $22.00 to $25.00 and gave the company a buy rating in a research note on Thursday, May 2nd. Finally, B. Riley raised Taylor Morrison Home from a neutral rating to a buy rating and lifted their target price for the company from $22.00 to $26.00 in a research note on Thursday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $23.22.

TMHC stock traded down $0.08 during midday trading on Thursday, reaching $22.81. 1,233,780 shares of the company’s stock traded hands, compared to its average volume of 720,558. The business has a 50-day moving average of $21.21. Taylor Morrison Home has a 1-year low of $14.73 and a 1-year high of $22.99. The stock has a market cap of $2.42 billion, a P/E ratio of 8.61, a price-to-earnings-growth ratio of 1.90 and a beta of 0.99. The company has a current ratio of 7.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.91.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, July 31st. The construction company reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.13. Taylor Morrison Home had a return on equity of 13.68% and a net margin of 5.03%. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the firm posted $0.52 EPS. The business’s revenue was up 29.0% on a year-over-year basis. On average, sell-side analysts anticipate that Taylor Morrison Home will post 2.76 earnings per share for the current fiscal year.

In other news, insider Joseph Terracciano sold 1,964 shares of Taylor Morrison Home stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $20.71, for a total value of $40,674.44. Following the completion of the sale, the insider now directly owns 2,015 shares of the company’s stock, valued at approximately $41,730.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Strs Ohio bought a new position in shares of Taylor Morrison Home in the 2nd quarter worth $50,000. Penserra Capital Management LLC bought a new position in shares of Taylor Morrison Home in the 1st quarter worth $59,000. Factorial Partners LLC bought a new position in shares of Taylor Morrison Home in the 1st quarter worth $71,000. Public Employees Retirement System of Ohio boosted its position in shares of Taylor Morrison Home by 26.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 7,463 shares of the construction company’s stock worth $119,000 after purchasing an additional 1,577 shares during the last quarter. Finally, First Mercantile Trust Co. boosted its position in shares of Taylor Morrison Home by 10.6% in the 1st quarter. First Mercantile Trust Co. now owns 10,494 shares of the construction company’s stock worth $186,000 after purchasing an additional 1,004 shares during the last quarter.

About Taylor Morrison Home

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.

Further Reading: Arbitrage

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Analyst Recommendations for Taylor Morrison Home (NYSE:TMHC)

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