Taylor Morrison Home (NYSE:TMHC) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Tuesday, ValuEngine reports.

A number of other analysts have also commented on the company. TheStreet raised Taylor Morrison Home from a “c+” rating to a “b-” rating in a research report on Monday, January 28th. Zacks Investment Research raised Taylor Morrison Home from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Thursday, January 17th. Citigroup boosted their target price on Taylor Morrison Home from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Finally, Barclays raised Taylor Morrison Home from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $19.00 to $20.00 in a research report on Monday. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Taylor Morrison Home currently has an average rating of “Hold” and a consensus target price of $22.59.

Shares of NYSE:TMHC opened at $20.85 on Tuesday. The stock has a market capitalization of $2.26 billion, a PE ratio of 7.87, a price-to-earnings-growth ratio of 1.01 and a beta of 1.19. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.63 and a current ratio of 7.85. Taylor Morrison Home has a 1 year low of $14.73 and a 1 year high of $22.59.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, May 1st. The construction company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.10. The company had revenue of $925.10 million for the quarter, compared to the consensus estimate of $872.44 million. Taylor Morrison Home had a return on equity of 12.89% and a net margin of 4.83%. The firm’s revenue was up 23.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 EPS. On average, equities research analysts forecast that Taylor Morrison Home will post 2.62 EPS for the current fiscal year.

In other Taylor Morrison Home news, insider Joseph Terracciano sold 2,323 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $16.84, for a total transaction of $39,119.32. Following the completion of the sale, the insider now directly owns 2,050 shares of the company’s stock, valued at approximately $34,522. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.90% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. BerganKDV Wealth Management LLC increased its holdings in Taylor Morrison Home by 237.6% during the 4th quarter. BerganKDV Wealth Management LLC now owns 1,688 shares of the construction company’s stock worth $27,000 after purchasing an additional 1,188 shares in the last quarter. Strs Ohio bought a new stake in Taylor Morrison Home during the 4th quarter worth approximately $28,000. Ladenburg Thalmann Financial Services Inc. bought a new stake in Taylor Morrison Home during the 1st quarter worth approximately $37,000. Penserra Capital Management LLC bought a new stake in Taylor Morrison Home during the 1st quarter worth approximately $59,000. Finally, Stamos Capital Partners L.P. bought a new stake in Taylor Morrison Home during the 4th quarter worth approximately $64,000.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family and multi-family attached and detached 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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Analyst Recommendations for Taylor Morrison Home (NYSE:TMHC)

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