Wells Fargo & Co upgraded shares of Taylor Morrison Home (NYSE:TMHC) from a market perform rating to an outperform rating in a research note published on Friday. Wells Fargo & Co currently has $32.00 price target on the construction company’s stock.

Several other analysts also recently issued reports on TMHC. UBS Group raised shares of Taylor Morrison Home from a neutral rating to a positive rating in a research report on Thursday. Citigroup raised shares of Taylor Morrison Home from a neutral rating to a buy rating and set a $30.00 price objective for the company in a research report on Tuesday. BidaskClub raised shares of Taylor Morrison Home from a sell rating to a hold rating in a research report on Thursday, September 28th. Susquehanna Bancshares raised shares of Taylor Morrison Home from a neutral rating to a positive rating in a research report on Thursday. Finally, B. Riley reaffirmed a neutral rating on shares of Taylor Morrison Home in a research report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. Taylor Morrison Home currently has a consensus rating of Hold and an average price target of $26.83.

Shares of Taylor Morrison Home (TMHC) opened at $27.36 on Friday. 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 1 year low of $18.26 and a 1 year high of $27.38. The stock has a market cap of $3,270.00, a P/E ratio of 44.13, a price-to-earnings-growth ratio of 0.95 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 forecast that Taylor Morrison Home will post 1.84 EPS for the current fiscal 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 other news, insider C. David Cone sold 35,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 42,511 shares in the company, valued at approximately $1,011,336.69. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.40% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. 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. Institutional investors own 59.08% 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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