Taylor Morrison Home (TMHC) Downgraded to Hold at Zacks Investment Research

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Taylor Morrison Home (NYSE:TMHC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

According to Zacks, “Taylor Morrison Home Corporation is a homebuilder and land developer engaged in building single-family detached and attached homes for first-time buyers, move-up families to luxury and active adult customers. The company operates under the Taylor Morrison brand, Monarch brand and Darling Homes brand. It operates in Arizona, California, Colorado, Florida and Texas. Taylor Morrison Home Corporation is headquartered in Scottsdale, Arizona. “

TMHC has been the topic of several other reports. Barclays set a $16.00 price target on shares of Taylor Morrison Home and gave the stock a “sell” rating in a report on Wednesday, December 12th. Wells Fargo & Co set a $24.00 price objective on shares of Taylor Morrison Home and gave the stock a “buy” rating in a research report on Thursday, November 1st. Deutsche Bank lifted their price objective on shares of Taylor Morrison Home from $14.00 to $16.00 and gave the stock a “hold” rating in a research report on Thursday, November 1st. ValuEngine lowered shares of Taylor Morrison Home from a “sell” rating to a “strong sell” rating in a research report on Monday, September 17th. Finally, TheStreet lowered shares of Taylor Morrison Home from a “b-” rating to a “c+” rating in a research report on Monday, October 15th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $22.89.

Shares of NYSE TMHC traded down $0.26 during mid-day trading on Friday, reaching $18.22. 4,789,307 shares of the company’s stock traded hands, compared to its average volume of 2,388,076. The stock has a market capitalization of $2.21 billion, a P/E ratio of 9.20, a P/E/G ratio of 0.73 and a beta of 1.18. Taylor Morrison Home has a 1-year low of $14.73 and a 1-year high of $28.25. The company has a debt-to-equity ratio of 0.62, a current ratio of 7.58 and a quick ratio of 1.07.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, October 31st. The construction company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.19. Taylor Morrison Home had a net margin of 5.34% and a return on equity of 11.21%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the company earned $0.45 earnings per share. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Taylor Morrison Home will post 2.22 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Rehmann Capital Advisory Group increased its holdings in Taylor Morrison Home by 1,703.9% during the 3rd quarter. Rehmann Capital Advisory Group now owns 5,574 shares of the construction company’s stock worth $309,000 after acquiring an additional 5,265 shares during the period. Commonwealth Bank of Australia purchased a new position in Taylor Morrison Home in the 3rd quarter worth approximately $137,000. SG Americas Securities LLC grew its stake in Taylor Morrison Home by 57.5% in the 2nd quarter. SG Americas Securities LLC now owns 16,418 shares of the construction company’s stock worth $341,000 after buying an additional 5,995 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Taylor Morrison Home by 82.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 21,204 shares of the construction company’s stock worth $382,000 after buying an additional 9,562 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in Taylor Morrison Home by 48.1% in the 3rd quarter. Victory Capital Management Inc. now owns 22,447 shares of the construction company’s stock worth $405,000 after buying an additional 7,290 shares in the last quarter. 93.62% of the stock is currently owned by institutional investors.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family detached and attached homes; and develops lifestyle and master-planned communities. It operates under the Taylor Morrison and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.

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