Wedbush reissued their neutral rating on shares of Taylor Morrison Home (NYSE:TMHC) in a research note published on Friday. Wedbush currently has a $27.00 price target on the construction company’s stock.

Other analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Taylor Morrison Home from a buy rating to a hold rating in a research report on Saturday, November 4th. Zacks Investment Research cut Taylor Morrison Home from a hold rating to a sell rating in a research note on Friday, January 5th. Wells Fargo & Co upgraded Taylor Morrison Home from a market perform rating to an outperform rating and set a $32.00 target price for the company in a research note on Friday, January 5th. Citigroup upgraded Taylor Morrison Home from a neutral rating to a buy rating and set a $30.00 target price for the company in a research note on Tuesday, January 2nd. Finally, B. Riley reiterated a neutral rating on shares of Taylor Morrison Home in a research note on Thursday, November 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. Taylor Morrison Home has an average rating of Hold and a consensus target price of $27.57.

Shares of Taylor Morrison Home (TMHC) traded down $0.66 during trading hours on Friday, reaching $27.75. 9,914,762 shares of the company’s stock traded hands, compared to its average volume of 3,483,667. The company has a debt-to-equity ratio of 0.63, a current ratio of 6.85 and a quick ratio of 0.81. Taylor Morrison Home has a one year low of $18.26 and a one year high of $28.42. The firm has a market capitalization of $3,317.71, a P/E ratio of 15.08, a price-to-earnings-growth ratio of 0.96 and a beta of 1.47.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, November 1st. The construction company reported $0.45 earnings per share (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 company had revenue of $908.00 million during the quarter, compared to the consensus estimate of $914.19 million. During the same quarter last year, the company earned $0.49 earnings per share. Taylor Morrison Home’s revenue for the quarter was up 6.4% on a year-over-year basis. equities research analysts anticipate that Taylor Morrison Home will post 1.85 EPS for the current year.

Taylor Morrison Home declared that its board has approved a stock buyback plan on Wednesday, January 3rd that allows the company to buyback $200.00 million in shares. This buyback authorization allows the construction company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

In related news, insider C. David Cone sold 35,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $23.79, for a total transaction of $832,650.00. Following the transaction, the insider now directly owns 42,511 shares in the company, valued at $1,011,336.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.40% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. lifted its stake in Taylor Morrison Home by 62.3% during the second quarter. Ameritas Investment Partners Inc. now owns 5,369 shares of the construction company’s stock worth $129,000 after purchasing an additional 2,060 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Taylor Morrison Home by 20.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,409 shares of the construction company’s stock worth $154,000 after purchasing an additional 1,110 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in Taylor Morrison Home by 52.9% during the second quarter. Great West Life Assurance Co. Can now owns 6,882 shares of the construction company’s stock worth $165,000 after purchasing an additional 2,382 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Taylor Morrison Home by 17.6% during the second quarter. Victory Capital Management Inc. now owns 7,429 shares of the construction company’s stock worth $178,000 after purchasing an additional 1,114 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in Taylor Morrison Home by 717.3% during the second quarter. BNP Paribas Arbitrage SA now owns 7,470 shares of the construction company’s stock worth $179,000 after purchasing an additional 6,556 shares during the last quarter. Hedge funds and other institutional investors own 59.04% of the company’s stock.

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About Taylor Morrison Home

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).

Analyst Recommendations for Taylor Morrison Home (NYSE:TMHC)

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