Taylor Morrison Home (NYSE:TMHC) Upgraded by StockNews.com to Buy

Taylor Morrison Home (NYSE:TMHC) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Thursday.

TMHC has been the topic of several other reports. Zelman & Associates raised Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research report on Friday, April 12th. Royal Bank of Canada raised their target price on Taylor Morrison Home from $61.00 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Finally, Wedbush restated an “outperform” rating and set a $61.00 target price on shares of Taylor Morrison Home in a research note on Thursday, May 30th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $59.80.

Taylor Morrison Home Trading Up 2.9 %

Shares of Taylor Morrison Home stock opened at $61.06 on Thursday. Taylor Morrison Home has a fifty-two week low of $37.23 and a fifty-two week high of $62.64. The firm has a market cap of $6.46 billion, a PE ratio of 8.74 and a beta of 1.95. The business’s fifty day moving average is $56.84 and its two-hundred day moving average is $56.00. The company has a quick ratio of 0.91, a current ratio of 6.16 and a debt-to-equity ratio of 0.39.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Tuesday, April 30th. The construction company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.18. Taylor Morrison Home had a return on equity of 15.75% and a net margin of 10.30%. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period last year, the company posted $1.74 EPS. The business’s quarterly revenue was up 2.3% on a year-over-year basis. Analysts anticipate that Taylor Morrison Home will post 7.62 earnings per share for the current year.

Insider Buying and Selling

In other Taylor Morrison Home news, CEO Sheryl Palmer sold 100,000 shares of Taylor Morrison Home stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $61.70, for a total value of $6,170,000.00. Following the completion of the transaction, the chief executive officer now directly owns 19,211 shares in the company, valued at $1,185,318.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Taylor Morrison Home

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Taylor Morrison Home by 1.9% during the third quarter. Vanguard Group Inc. now owns 11,404,759 shares of the construction company’s stock valued at $485,957,000 after buying an additional 217,222 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Taylor Morrison Home by 3.6% during the first quarter. Principal Financial Group Inc. now owns 2,065,300 shares of the construction company’s stock valued at $128,400,000 after buying an additional 71,564 shares during the last quarter. Norges Bank bought a new stake in shares of Taylor Morrison Home during the fourth quarter valued at approximately $63,137,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Taylor Morrison Home by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,044,133 shares of the construction company’s stock valued at $55,704,000 after buying an additional 21,799 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in shares of Taylor Morrison Home by 99.3% during the fourth quarter. Assetmark Inc. now owns 786,812 shares of the construction company’s stock valued at $41,976,000 after buying an additional 391,964 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

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.