Taylor Morrison Home (NYSE:TMHC) Trading Up 3.5% – Here’s Why

Taylor Morrison Home Co. (NYSE:TMHC) shot up 3.5% during trading on Friday . The stock traded as high as $57.96 and last traded at $59.60. 258,618 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 877,392 shares. The stock had previously closed at $57.59.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. JPMorgan Chase & Co. decreased their price target on shares of Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Seaport Res Ptn upgraded Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. Wolfe Research upgraded Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 target price on the stock in a research report on Wednesday, January 8th. Finally, Barclays raised Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $75.00 to $90.00 in a research note on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Taylor Morrison Home has an average rating of “Moderate Buy” and a consensus target price of $82.43.

Taylor Morrison Home Stock Performance

The stock has a market cap of $6.04 billion, a price-to-earnings ratio of 7.17 and a beta of 1.76. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94. The firm has a fifty day moving average of $61.81 and a 200 day moving average of $65.44.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. As a group, sell-side analysts forecast that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Joseph Terracciano sold 1,537 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total transaction of $93,372.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David C. Merritt sold 2,402 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total value of $153,679.96. The disclosure for this sale can be found here. 3.50% of the stock is owned by insiders.

Institutional Trading of Taylor Morrison Home

Hedge funds and other institutional investors have recently modified their holdings of the business. Morse Asset Management Inc acquired a new position in Taylor Morrison Home in the fourth quarter valued at about $29,000. V Square Quantitative Management LLC raised its stake in shares of Taylor Morrison Home by 68.1% in the 4th quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company’s stock valued at $42,000 after acquiring an additional 277 shares during the period. Quarry LP lifted its holdings in shares of Taylor Morrison Home by 202.1% in the 4th quarter. Quarry LP now owns 704 shares of the construction company’s stock worth $43,000 after acquiring an additional 471 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Taylor Morrison Home by 43.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock worth $49,000 after purchasing an additional 243 shares during the period. Finally, SRS Capital Advisors Inc. acquired a new stake in Taylor Morrison Home in the 4th quarter valued at approximately $51,000. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Company Profile

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.