Taylor Morrison Home (NYSE:TMHC) was upgraded by equities research analysts at UBS Group from a “neutral” rating to a “positive” rating in a research report issued to clients and investors on Thursday, The Fly reports.

A number of other equities research analysts also recently weighed in on TMHC. BidaskClub upgraded shares of Taylor Morrison Home from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 12th. ValuEngine downgraded shares of Taylor Morrison Home from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 2nd. B. Riley reiterated a “neutral” rating on shares of Taylor Morrison Home in a research note on Thursday, November 2nd. Finally, Citigroup upgraded shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Taylor Morrison Home currently has a consensus rating of “Hold” and a consensus target price of $25.80.

Taylor Morrison Home (TMHC) opened at $26.56 on Thursday. Taylor Morrison Home has a 52-week low of $18.26 and a 52-week high of $26.92. The stock has a market cap of $2,982.95, a price-to-earnings ratio of 14.43, a P/E/G ratio of 0.91 and a beta of 1.47. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 6.85.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, November 1st. The construction company reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.04. Taylor Morrison Home had a net margin of 2.41% and a return on equity of 4.18%. The business had revenue of $908.00 million for the quarter, compared to analyst estimates of $914.19 million. During the same quarter in the previous year, the firm posted $0.49 earnings per share. Taylor Morrison Home’s revenue was up 6.4% compared to the same quarter last year. analysts expect that Taylor Morrison Home will post 1.84 EPS for the current fiscal year.

In other news, insider C. David Cone sold 35,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $23.79, for a total value of $832,650.00. Following the sale, the insider now owns 42,511 shares in the company, valued at approximately $1,011,336.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.40% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Taylor Morrison Home by 72.8% during the 2nd quarter. Vanguard Group Inc. now owns 7,031,797 shares of the construction company’s stock worth $168,834,000 after buying an additional 2,962,990 shares in the last quarter. BlackRock Inc. lifted its position in Taylor Morrison Home by 51.5% during the 2nd quarter. BlackRock Inc. now owns 6,585,230 shares of the construction company’s stock worth $158,111,000 after buying an additional 2,239,679 shares in the last quarter. FMR LLC lifted its position in Taylor Morrison Home by 12.8% during the 2nd quarter. FMR LLC now owns 6,566,150 shares of the construction company’s stock worth $157,654,000 after buying an additional 744,914 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Taylor Morrison Home by 31.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,591,375 shares of the construction company’s stock worth $101,239,000 after buying an additional 1,089,798 shares in the last quarter. Finally, Credit Suisse AG lifted its position in Taylor Morrison Home by 6,375.5% during the 1st quarter. Credit Suisse AG now owns 4,236,914 shares of the construction company’s stock worth $90,331,000 after buying an additional 4,171,484 shares in the last quarter. Institutional investors and hedge funds own 59.08% of the company’s stock.

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Taylor Morrison Home 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).

The Fly

Analyst Recommendations for Taylor Morrison Home (NYSE:TMHC)

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