Taylor Morrison Home (NYSE:TMHC)‘s stock had its “outperform” rating restated by equities researchers at Wedbush in a note issued to investors on Thursday, September 19th, LiveTradingNews reports.
A number of other research analysts have also recently commented on TMHC. B. Riley upgraded Taylor Morrison Home from a “neutral” rating to a “buy” rating and raised their target price for the company from $22.00 to $26.00 in a research note on Thursday, August 1st. Wells Fargo & Co lifted their price objective on Taylor Morrison Home from $21.00 to $24.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Barclays lifted their price objective on Taylor Morrison Home from $20.00 to $23.00 and gave the company an “equal weight” rating in a research note on Friday, July 19th. ValuEngine raised Taylor Morrison Home from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Finally, Zacks Investment Research raised Taylor Morrison Home from a “hold” rating to a “strong-buy” rating and set a $26.00 target price for the company in a report on Saturday, August 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Taylor Morrison Home has a consensus rating of “Buy” and a consensus target price of $23.22.
TMHC traded down $0.30 on Thursday, hitting $25.60. 1,501,996 shares of the company were exchanged, compared to its average volume of 1,581,662. The firm has a fifty day simple moving average of $24.73 and a two-hundred day simple moving average of $21.59. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.60 and a current ratio of 7.69. Taylor Morrison Home has a 12 month low of $14.73 and a 12 month high of $26.26. The stock has a market capitalization of $2.70 billion, a PE ratio of 9.66, a price-to-earnings-growth ratio of 1.72 and a beta of 0.88.
Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, July 31st. The construction company reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.13. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.20 billion. Taylor Morrison Home had a return on equity of 13.66% and a net margin of 5.03%. The business’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same period last year, the company earned $0.52 EPS. On average, equities analysts expect that Taylor Morrison Home will post 2.77 earnings per share for the current year.
In other Taylor Morrison Home news, Chairman Sheryl Palmer sold 108,958 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $23.19, for a total transaction of $2,526,736.02. Following the completion of the sale, the chairman now owns 627,386 shares of the company’s stock, valued at $14,549,081.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Joseph Terracciano sold 12,635 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $24.27, for a total value of $306,651.45. Following the sale, the chief accounting officer now directly owns 11,035 shares of the company’s stock, valued at approximately $267,819.45. The disclosure for this sale can be found here. Insiders sold 600,491 shares of company stock valued at $14,361,881 in the last ninety days. 1.90% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in TMHC. GYL Financial Synergies LLC bought a new position in Taylor Morrison Home in the first quarter worth approximately $1,322,000. 361 Capital LLC purchased a new position in Taylor Morrison Home in the 2nd quarter worth $2,614,000. GSA Capital Partners LLP acquired a new stake in Taylor Morrison Home during the 2nd quarter worth about $631,000. FMR LLC grew its position in Taylor Morrison Home by 1.6% during the 1st quarter. FMR LLC now owns 12,246,684 shares of the construction company’s stock worth $217,379,000 after purchasing an additional 187,769 shares during the period. Finally, Pictet Asset Management Ltd. grew its position in Taylor Morrison Home by 6.1% during the 2nd quarter. Pictet Asset Management Ltd. now owns 662,239 shares of the construction company’s stock worth $13,881,000 after purchasing an additional 38,070 shares during the period. Institutional investors and hedge funds own 98.79% of the company’s stock.
About Taylor Morrison Home
Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family and multi-family attached and detached 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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