Taylor Morrison Home (TMHC) Raised to Positive at UBS Group
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.
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.
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).
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