Taylor Morrison Home (NYSE:TMHC) Lifted to “Neutral” at Zelman & Associates

Zelman & Associates upgraded shares of Taylor Morrison Home (NYSE:TMHC) from an underperform rating to a neutral rating in a report issued on Friday morning, Benzinga reports.

Several other analysts also recently issued reports on TMHC. Royal Bank of Canada lifted their price target on shares of Taylor Morrison Home from $57.00 to $61.00 and gave the company an outperform rating in a research report on Thursday, February 15th. Barclays lifted their price target on shares of Taylor Morrison Home from $55.00 to $60.00 and gave the company an equal weight rating in a research report on Thursday, February 15th. Wedbush reissued a neutral rating and issued a $52.00 price target on shares of Taylor Morrison Home in a research report on Monday, December 18th. StockNews.com downgraded shares of Taylor Morrison Home from a buy rating to a hold rating in a research report on Thursday, March 21st. Finally, Seaport Res Ptn cut Taylor Morrison Home from a buy rating to a neutral rating in a research note on Monday, January 22nd. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Taylor Morrison Home presently has an average rating of Hold and a consensus target price of $57.20.

Taylor Morrison Home Stock Down 2.0 %

Taylor Morrison Home stock opened at $55.66 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.13 and a current ratio of 6.00. Taylor Morrison Home has a 52-week low of $37.23 and a 52-week high of $62.64. The firm has a 50 day moving average price of $57.31 and a two-hundred day moving average price of $50.58. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of 7.97 and a beta of 1.87.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, February 14th. The construction company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.82 by $0.23. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.85 billion. Taylor Morrison Home had a net margin of 10.37% and a return on equity of 16.21%. The company’s quarterly revenue was down 19.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.93 EPS. Equities analysts predict that Taylor Morrison Home will post 7.29 EPS for the current year.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 724 shares of Taylor Morrison Home stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $55.87, for a total transaction of $40,449.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Taylor Morrison Home news, Director William H. Lyon sold 153,000 shares of Taylor Morrison Home stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $62.32, for a total transaction of $9,534,960.00. Following the completion of the transaction, the director now owns 40,570 shares of the company’s stock, valued at approximately $2,528,322.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Joseph Terracciano sold 724 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $55.87, for a total value of $40,449.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 613,537 shares of company stock worth $36,409,767. Company insiders own 5.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TMHC. Rise Advisors LLC purchased a new stake in Taylor Morrison Home in the first quarter worth approximately $26,000. ICA Group Wealth Management LLC purchased a new stake in Taylor Morrison Home in the fourth quarter worth approximately $27,000. IFP Advisors Inc boosted its stake in Taylor Morrison Home by 138.9% in the third quarter. IFP Advisors Inc now owns 614 shares of the construction company’s stock worth $26,000 after buying an additional 357 shares in the last quarter. Private Wealth Management Group LLC purchased a new stake in Taylor Morrison Home in the fourth quarter worth approximately $39,000. Finally, Daiwa Securities Group Inc. purchased a new stake in Taylor Morrison Home in the fourth quarter worth approximately $48,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

About Taylor Morrison Home

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.