StockNews.com Upgrades Taylor Morrison Home (NYSE:TMHC) to “Buy”

Taylor Morrison Home (NYSE:TMHCGet Free Report) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Friday.

Other analysts have also recently issued reports about the stock. Barclays upped their price objective on shares of Taylor Morrison Home from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 15th. Zelman & Associates upgraded shares of Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research report on Friday, April 12th. Royal Bank of Canada upped their target price on shares of Taylor Morrison Home from $61.00 to $63.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, Wedbush reiterated an “outperform” rating and set a $61.00 target price on shares of Taylor Morrison Home in a research report on Thursday. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $59.40.

Check Out Our Latest Analysis on TMHC

Taylor Morrison Home Price Performance

NYSE:TMHC opened at $57.83 on Friday. The company has a quick ratio of 0.91, a current ratio of 6.16 and a debt-to-equity ratio of 0.39. The firm has a market cap of $6.12 billion, a PE ratio of 8.27 and a beta of 1.88. Taylor Morrison Home has a 12 month low of $37.23 and a 12 month high of $62.64. The company’s 50-day moving average price is $58.06 and its two-hundred day moving average price is $54.42.

Taylor Morrison Home (NYSE:TMHCGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.18. The firm had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Taylor Morrison Home had a net margin of 10.30% and a return on equity of 15.75%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.74 earnings per share. On average, equities analysts anticipate that Taylor Morrison Home will post 7.62 EPS for the current fiscal year.

Insider Activity at Taylor Morrison Home

In related news, CEO Sheryl Palmer sold 100,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $56.61, for a total value of $5,661,000.00. Following the transaction, the chief executive officer now directly owns 119,211 shares in the company, valued at $6,748,534.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Taylor Morrison Home news, CEO Sheryl Palmer sold 100,000 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $56.61, for a total value of $5,661,000.00. Following the sale, the chief executive officer now directly owns 119,211 shares in the company, valued at $6,748,534.71. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Curtis Vanhyfte sold 7,765 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $57.89, for a total transaction of $449,515.85. The disclosure for this sale can be found here. Insiders have sold 648,643 shares of company stock worth $38,927,466 over the last ninety days. Company insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Taylor Morrison Home

Several large investors have recently made changes to their positions in the stock. Fuller & Thaler Asset Management Inc. grew its position in Taylor Morrison Home by 117.0% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 3,180,341 shares of the construction company’s stock valued at $135,514,000 after purchasing an additional 1,714,897 shares in the last quarter. Norges Bank acquired a new stake in Taylor Morrison Home in the fourth quarter valued at $63,137,000. Allspring Global Investments Holdings LLC lifted its stake in Taylor Morrison Home by 4,586.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 663,385 shares of the construction company’s stock valued at $41,243,000 after acquiring an additional 649,230 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Taylor Morrison Home by 3,268.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 452,087 shares of the construction company’s stock valued at $24,119,000 after acquiring an additional 438,664 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in Taylor Morrison Home by 99.3% in the fourth quarter. Assetmark Inc. now owns 786,812 shares of the construction company’s stock valued at $41,976,000 after acquiring an additional 391,964 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Company Profile

(Get Free Report)

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.

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Analyst Recommendations for Taylor Morrison Home (NYSE:TMHC)

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