Taylor Morrison Home (NYSE:TMHC) Upgraded at Zacks Research

Taylor Morrison Home (NYSE:TMHC) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

TMHC has been the topic of several other research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Taylor Morrison Home in a research note on Monday. Royal Bank Of Canada reduced their price objective on shares of Taylor Morrison Home from $75.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday, October 23rd. Bank of America lowered their price target on Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating on the stock in a report on Friday, October 10th. Wedbush reaffirmed an “outperform” rating and set a $85.00 price objective on shares of Taylor Morrison Home in a report on Thursday, October 23rd. Finally, Barclays restated an “overweight” rating and issued a $71.00 target price on shares of Taylor Morrison Home in a research report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $75.57.

Taylor Morrison Home Trading Up 1.1%

NYSE:TMHC opened at $59.49 on Tuesday. Taylor Morrison Home has a 12 month low of $51.90 and a 12 month high of $72.50. The stock has a market capitalization of $5.81 billion, a price-to-earnings ratio of 7.17 and a beta of 1.57. The firm has a fifty day simple moving average of $60.67 and a two-hundred day simple moving average of $63.15. The company has a current ratio of 7.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.35.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, October 22nd. The construction company reported $2.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.18. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.03 billion. Taylor Morrison Home had a net margin of 10.16% and a return on equity of 15.23%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the firm earned $2.40 earnings per share. Analysts expect that Taylor Morrison Home will post 8.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Taylor Morrison Home

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Hantz Financial Services Inc. raised its position in shares of Taylor Morrison Home by 1.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 12,341 shares of the construction company’s stock valued at $758,000 after purchasing an additional 165 shares during the period. Parkside Financial Bank & Trust increased its position in shares of Taylor Morrison Home by 13.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,654 shares of the construction company’s stock valued at $102,000 after purchasing an additional 190 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Taylor Morrison Home by 2.2% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,400 shares of the construction company’s stock valued at $577,000 after acquiring an additional 200 shares during the period. Allworth Financial LP lifted its stake in Taylor Morrison Home by 14.9% in the third quarter. Allworth Financial LP now owns 1,546 shares of the construction company’s stock worth $102,000 after purchasing an additional 200 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in Taylor Morrison Home by 29.9% in the second quarter. Parallel Advisors LLC now owns 882 shares of the construction company’s stock worth $54,000 after purchasing an additional 203 shares during the period. Hedge funds and other institutional investors own 95.16% of the company’s stock.

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.