Taylor Morrison Home Corp (NASDAQ:TMHC)‘s stock had its “neutral” rating reaffirmed by stock analysts at B. Riley in a note issued to investors on Thursday.

TMHC has been the subject of a number of other reports. Zacks Investment Research cut shares of Taylor Morrison Home Corp from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. BidaskClub raised shares of Taylor Morrison Home Corp from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Deutsche Bank AG raised their target price on shares of Taylor Morrison Home Corp from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, August 7th. Finally, ValuEngine cut shares of Taylor Morrison Home Corp from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Taylor Morrison Home Corp presently has a consensus rating of “Hold” and an average target price of $24.00.

Taylor Morrison Home Corp (TMHC) traded down $0.90 on Thursday, reaching $22.96. 1,746,093 shares of the company’s stock traded hands, compared to its average volume of 1,010,000. Taylor Morrison Home Corp has a fifty-two week low of $17.39 and a fifty-two week high of $24.79.

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

Taylor Morrison Home Corp announced that its board has initiated a stock buyback program on Monday, September 18th that permits the company to repurchase $43.60 million in shares. This repurchase authorization permits the construction company to buy up to 2.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

COPYRIGHT VIOLATION NOTICE: “Taylor Morrison Home Corp (TMHC) Earns “Neutral” Rating from B. Riley” was originally posted by American Banking News and is the property of of American Banking News. If you are reading this report on another domain, it was copied illegally and republished in violation of US and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.americanbankingnews.com/2017/11/04/taylor-morrison-home-corp-tmhc-earns-neutral-rating-from-b-riley.html.

In other news, insider C. David Cone sold 35,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $23.79, for a total value of $832,650.00. Following the completion of the sale, the insider now owns 42,511 shares in the company, valued at approximately $1,011,336.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Several institutional investors have recently added to or reduced their stakes in the company. Smith Asset Management Group LP lifted its holdings in shares of Taylor Morrison Home Corp by 18.1% in the 3rd quarter. Smith Asset Management Group LP now owns 20,286 shares of the construction company’s stock worth $447,000 after acquiring an additional 3,103 shares during the last quarter. IndexIQ Advisors LLC lifted its holdings in shares of Taylor Morrison Home Corp by 83.2% in the 3rd quarter. IndexIQ Advisors LLC now owns 40,653 shares of the construction company’s stock worth $896,000 after acquiring an additional 18,460 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Taylor Morrison Home Corp by 25.0% in the 3rd quarter. American Century Companies Inc. now owns 523,752 shares of the construction company’s stock worth $11,549,000 after acquiring an additional 104,631 shares during the last quarter. Artemis Investment Management LLP lifted its holdings in shares of Taylor Morrison Home Corp by 1.6% in the 3rd quarter. Artemis Investment Management LLP now owns 323,500 shares of the construction company’s stock worth $7,138,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Parametrica Management Ltd bought a new stake in shares of Taylor Morrison Home Corp in the 3rd quarter worth about $255,000.

About Taylor Morrison Home Corp

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).

Analyst Recommendations for Taylor Morrison Home Corp (NASDAQ:TMHC)

Receive News & Ratings for Taylor Morrison Home Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taylor Morrison Home Corp and related companies with MarketBeat.com's FREE daily email newsletter.