Taylor Morrison Home (NYSE:TMHC) Reaches New 52-Week Low – Should You Sell?

Taylor Morrison Home Corporation (NYSE:TMHC)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $54.15 and last traded at $55.0670, with a volume of 46466 shares trading hands. The stock had previously closed at $55.94.

Analysts Set New Price Targets

A number of brokerages have weighed in on TMHC. Truist Financial decreased their price objective on Taylor Morrison Home from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, April 16th. Seaport Research Partners restated a “sell” rating and issued a $49.00 price objective (down from $85.00) on shares of Taylor Morrison Home in a report on Tuesday, April 7th. Royal Bank Of Canada raised their price objective on Taylor Morrison Home from $68.00 to $69.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Wolfe Research restated an “outperform” rating and issued a $76.00 price objective on shares of Taylor Morrison Home in a report on Thursday, April 23rd. Finally, Weiss Ratings lowered Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, April 24th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $77.43.

Taylor Morrison Home Stock Up 4.1%

The company has a current ratio of 7.66, a quick ratio of 1.45 and a debt-to-equity ratio of 0.37. The business has a fifty day simple moving average of $59.25 and a two-hundred day simple moving average of $61.18. The company has a market cap of $5.37 billion, a PE ratio of 8.57, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, April 22nd. The construction company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.82 by $0.30. Taylor Morrison Home had a return on equity of 11.48% and a net margin of 8.77%.The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the previous year, the firm earned $2.07 EPS. The company’s quarterly revenue was down 26.8% compared to the same quarter last year. As a group, equities research analysts predict that Taylor Morrison Home Corporation will post 5.36 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. AlphaQuest LLC grew its position in Taylor Morrison Home by 97.3% in the 3rd quarter. AlphaQuest LLC now owns 38,734 shares of the construction company’s stock valued at $2,557,000 after acquiring an additional 19,098 shares in the last quarter. Penn Capital Management Company LLC acquired a new position in Taylor Morrison Home in the 3rd quarter valued at about $13,201,000. JPMorgan Chase & Co. grew its position in Taylor Morrison Home by 39.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 777,353 shares of the construction company’s stock valued at $51,313,000 after acquiring an additional 218,514 shares in the last quarter. Whittier Trust Co. acquired a new position in Taylor Morrison Home in the 3rd quarter valued at about $6,412,000. Finally, SG Americas Securities LLC grew its position in Taylor Morrison Home by 521.5% in the 4th quarter. SG Americas Securities LLC now owns 21,590 shares of the construction company’s stock valued at $1,271,000 after acquiring an additional 18,116 shares in the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company’s portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company’s heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.