Taylor Morrison Home (NYSE:TMHC) was upgraded by research analysts at Susquehanna Bancshares from a “neutral” rating to a “positive” rating in a research note issued to investors on Thursday.
A number of other analysts also recently commented on TMHC. UBS Group upgraded shares of Taylor Morrison Home from a “neutral” rating to a “positive” rating in a research report on Thursday. 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 report on Tuesday. BidaskClub upgraded shares of Taylor Morrison Home from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. B. Riley reiterated a “neutral” rating on shares of Taylor Morrison Home in a report on Thursday, November 2nd. Finally, ValuEngine downgraded shares of Taylor Morrison Home from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $25.80.
Shares of Taylor Morrison Home (NYSE: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 company has a market cap of $2,982.95, a PE ratio of 14.43, a price-to-earnings-growth 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 released its quarterly earnings results on Wednesday, November 1st. The construction company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $908.00 million for the quarter, compared to the consensus estimate of $914.19 million. During the same period in the previous year, the firm earned $0.49 EPS. Taylor Morrison Home’s revenue was up 6.4% on a year-over-year basis. sell-side analysts anticipate that Taylor Morrison Home will post 1.84 earnings per share for the current fiscal year.
In related news, insider C. David Cone sold 35,000 shares of the business’s stock in a transaction that occurred 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 directly owns 42,511 shares in the company, valued at approximately $1,011,336.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.40% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Taylor Morrison Home by 51.5% during the second quarter. BlackRock Inc. now owns 6,585,230 shares of the construction company’s stock valued at $158,111,000 after acquiring an additional 2,239,679 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Taylor Morrison Home by 13.0% during the third quarter. Bank of New York Mellon Corp now owns 356,953 shares of the construction company’s stock valued at $7,871,000 after acquiring an additional 40,989 shares during the period. Capital Growth Management LP acquired a new stake in shares of Taylor Morrison Home during the second quarter valued at approximately $1,801,000. Principal Financial Group Inc. acquired a new stake in shares of Taylor Morrison Home during the second quarter valued at approximately $1,410,000. Finally, TIAA CREF Investment Management LLC raised its holdings in shares of Taylor Morrison Home by 162.3% during the second quarter. TIAA CREF Investment Management LLC now owns 447,569 shares of the construction company’s stock valued at $10,746,000 after acquiring an additional 276,939 shares during the period. 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).