Truist Financial Upgrades Taylor Morrison Home (NYSE:TMHC) to “Strong-Buy”

Taylor Morrison Home (NYSE:TMHC) was upgraded by equities research analysts at Truist Financial to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other equities analysts also recently issued reports on the company. Weiss Ratings downgraded Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 20th. Citigroup assumed coverage on shares of Taylor Morrison Home in a research note on Wednesday, January 7th. They set an “outperform” rating on the stock. Zacks Research downgraded shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Bank of America reiterated a “neutral” rating on shares of Taylor Morrison Home in a research report on Tuesday. Finally, Barclays lowered their target price on shares of Taylor Morrison Home from $71.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Taylor Morrison Home has a consensus rating of “Moderate Buy” and a consensus price target of $78.29.

Taylor Morrison Home Stock Performance

Shares of Taylor Morrison Home stock traded down $1.89 during trading on Tuesday, hitting $61.64. 1,191,583 shares of the stock were exchanged, compared to its average volume of 1,053,470. The stock has a market cap of $5.94 billion, a PE ratio of 7.94, a P/E/G ratio of 8.91 and a beta of 1.58. The stock’s fifty day moving average is $63.50 and its 200 day moving average is $63.56. Taylor Morrison Home has a 12 month low of $51.90 and a 12 month high of $72.50. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.55 and a current ratio of 7.31.

Hedge Funds Weigh In On Taylor Morrison Home

A number of hedge funds have recently modified their holdings of TMHC. AlphaQuest LLC boosted its position in Taylor Morrison Home by 97.3% during the 3rd quarter. AlphaQuest LLC now owns 38,734 shares of the construction company’s stock worth $2,557,000 after acquiring an additional 19,098 shares during the period. Arkadios Wealth Advisors acquired a new position in Taylor Morrison Home in the 2nd quarter valued at approximately $359,000. Nordea Investment Management AB lifted its position in Taylor Morrison Home by 10.0% in the 3rd quarter. Nordea Investment Management AB now owns 193,249 shares of the construction company’s stock worth $12,689,000 after buying an additional 17,595 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of Taylor Morrison Home during the 3rd quarter valued at $2,088,000. Finally, Pacer Advisors Inc. acquired a new position in shares of Taylor Morrison Home in the third quarter worth $1,357,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company’s portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company’s heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.