Shares of Taylor Morrison Home Corp (NYSE:TMHC) reached a new 52-week low on Thursday . The stock traded as low as $18.37 and last traded at $18.41, with a volume of 19161 shares traded. The stock had previously closed at $18.63.

Several research firms have weighed in on TMHC. Susquehanna Bancshares lowered their price target on shares of Taylor Morrison Home from $34.00 to $30.00 and set a “positive” rating for the company in a research note on Thursday, August 2nd. Zacks Investment Research downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Saturday, July 7th. Barclays set a $22.00 price target on shares of Taylor Morrison Home and gave the stock a “hold” rating in a research note on Wednesday, August 1st. ValuEngine downgraded shares of Taylor Morrison Home from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 28th. Finally, Royal Bank of Canada began coverage on shares of Taylor Morrison Home in a research note on Wednesday, June 27th. They issued a “sector perform” rating for the company. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $27.75.

The company has a market cap of $2.15 billion, a P/E ratio of 9.44, a PEG ratio of 0.62 and a beta of 1.28. The company has a current ratio of 6.86, a quick ratio of 0.88 and a debt-to-equity ratio of 0.63.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, August 1st. The construction company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. The firm had revenue of $980.83 million during the quarter, compared to the consensus estimate of $923.15 million. Taylor Morrison Home had a net margin of 3.97% and a return on equity of 8.60%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 earnings per share. equities analysts predict that Taylor Morrison Home Corp will post 2.6 EPS for the current fiscal year.

Several large investors have recently modified their holdings of TMHC. BlackRock Inc. raised its stake in shares of Taylor Morrison Home by 47.7% during the first quarter. BlackRock Inc. now owns 10,187,420 shares of the construction company’s stock valued at $237,164,000 after acquiring an additional 3,289,728 shares during the last quarter. Long Pond Capital LP bought a new position in shares of Taylor Morrison Home during the second quarter valued at about $62,403,000. Citadel Advisors LLC raised its stake in shares of Taylor Morrison Home by 221.6% during the first quarter. Citadel Advisors LLC now owns 2,315,774 shares of the construction company’s stock valued at $53,911,000 after acquiring an additional 1,595,704 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Taylor Morrison Home by 26.0% during the first quarter. Dimensional Fund Advisors LP now owns 6,847,993 shares of the construction company’s stock valued at $159,421,000 after acquiring an additional 1,415,180 shares during the last quarter. Finally, EJF Capital LLC purchased a new position in shares of Taylor Morrison Home during the first quarter valued at about $24,037,000. 99.01% of the stock is owned by hedge funds and other institutional investors.

About Taylor Morrison Home (NYSE:TMHC)

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family detached and attached homes; and develops lifestyle and master-planned communities. It operates under the Taylor Morrison and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.

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