Taylor Morrison Home Corp (NASDAQ:TMHC) was downgraded by investment analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Thursday.

A number of other research analysts have also issued reports on the company. BidaskClub raised Taylor Morrison Home Corp from a “hold” rating to a “buy” rating in a report on Wednesday, October 4th. Deutsche Bank AG lifted their price target on Taylor Morrison Home Corp from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday, August 7th. Finally, Zacks Investment Research cut Taylor Morrison Home Corp from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Taylor Morrison Home Corp presently has a consensus rating of “Buy” and a consensus target price of $24.00.

Taylor Morrison Home Corp (NASDAQ:TMHC) last released its earnings results on Wednesday, November 1st. The construction company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. The firm had revenue of $908.00 million for the quarter, compared to analyst estimates of $914.19 million. Taylor Morrison Home Corp had a return on equity of 9.57% and a net margin of 6.16%. Taylor Morrison Home Corp’s revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.49 earnings per share.

Taylor Morrison Home Corp declared that its board has authorized a stock buyback plan on Monday, September 18th that allows the company to buyback $43.60 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 2.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

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In other Taylor Morrison Home Corp news, insider C. David Cone sold 35,000 shares of Taylor Morrison Home Corp stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $23.79, for a total transaction of $832,650.00. Following the transaction, the insider now owns 42,511 shares of the company’s stock, valued at approximately $1,011,336.69. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Large investors have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. grew its stake in Taylor Morrison Home Corp by 62.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,369 shares of the construction company’s stock valued at $129,000 after acquiring an additional 2,060 shares in the last quarter. Victory Capital Management Inc. grew its stake in Taylor Morrison Home Corp by 34.2% during the 1st quarter. Victory Capital Management Inc. now owns 6,315 shares of the construction company’s stock valued at $135,000 after acquiring an additional 1,608 shares in the last quarter. UBS Group AG grew its stake in Taylor Morrison Home Corp by 4.7% during the 1st quarter. UBS Group AG now owns 6,909 shares of the construction company’s stock valued at $147,000 after acquiring an additional 307 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Taylor Morrison Home Corp by 20.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,409 shares of the construction company’s stock valued at $154,000 after acquiring an additional 1,110 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in Taylor Morrison Home Corp by 52.9% during the 2nd quarter. Great West Life Assurance Co. Can now owns 6,882 shares of the construction company’s stock valued at $165,000 after acquiring an additional 2,382 shares in the last quarter.

Taylor Morrison Home Corp Company Profile

Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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