Taylor Morrison Home Corporation (NYSE:TMHC) – Wedbush lowered their FY2017 EPS estimates for Taylor Morrison Home in a report issued on Thursday. Wedbush analyst J. Mccanless now expects that the construction company will post earnings of $1.62 per share for the year, down from their previous forecast of $1.63.

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, beating the Thomson Reuters’ 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 firm had revenue of $908.00 million during the quarter, compared to analyst estimates of $914.19 million. During the same quarter in the prior year, the firm earned $0.49 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year.

A number of other research analysts also recently issued reports on TMHC. ValuEngine downgraded Taylor Morrison Home from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 2nd. BidaskClub upgraded Taylor Morrison Home from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 12th. B. Riley reiterated a “neutral” rating on shares of Taylor Morrison Home in a research note on Thursday, November 2nd. Citigroup upgraded Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Tuesday. Finally, Wells Fargo & Co upgraded Taylor Morrison Home from a “market perform” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Friday. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $26.83.

Shares of Taylor Morrison Home (NYSE TMHC) opened at $26.43 on Friday. 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 $3,175.43, a PE ratio of 14.36, a PEG ratio of 0.97 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 announced that its board has authorized a stock buyback plan on Wednesday, January 3rd that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

In other Taylor Morrison Home news, insider C. David Cone sold 35,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $23.79, for a total value of $832,650.00. Following the completion of the transaction, the insider now directly owns 42,511 shares in the company, valued at approximately $1,011,336.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.40% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. boosted its position in shares of Taylor Morrison Home 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Taylor Morrison Home 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 buying an additional 1,110 shares during the period. Great West Life Assurance Co. Can raised its holdings in Taylor Morrison Home 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 buying an additional 2,382 shares during the period. Victory Capital Management Inc. raised its holdings in Taylor Morrison Home by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 7,429 shares of the construction company’s stock valued at $178,000 after buying an additional 1,114 shares during the period. Finally, BNP Paribas Arbitrage SA raised its holdings in Taylor Morrison Home by 717.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,470 shares of the construction company’s stock valued at $179,000 after buying an additional 6,556 shares during the period. Hedge funds and other institutional investors 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).

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