Taylor Morrison Home (NYSE:TMHC) Raised to Neutral at Zelman & Associates

Taylor Morrison Home (NYSE:TMHC - Get Free Report) was upgraded by stock analysts at Zelman & Associates from an "underperform" rating to a "neutral" rating in a research note issued on Friday, Benzinga reports.

Other equities analysts have also recently issued reports about the company. StockNews.com cut Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Thursday, March 21st. Royal Bank of Canada increased their target price on Taylor Morrison Home from $57.00 to $61.00 and gave the stock an "outperform" rating in a research note on Thursday, February 15th. Barclays increased their target price on Taylor Morrison Home from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 15th. Wedbush reissued a "neutral" rating and set a $52.00 target price on shares of Taylor Morrison Home in a research note on Monday, December 18th. Finally, Seaport Res Ptn lowered Taylor Morrison Home from a "buy" rating to a "neutral" rating in a research note on Monday, January 22nd. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $57.20.

Taylor Morrison Home Price Performance

NYSE TMHC traded down $0.04 during mid-day trading on Friday, hitting $56.79. The stock had a trading volume of 549,658 shares, compared to its average volume of 779,875. The firm's 50 day moving average is $57.15 and its 200 day moving average is $50.28. Taylor Morrison Home has a twelve month low of $37.23 and a twelve month high of $62.64. The company has a debt-to-equity ratio of 0.38, a current ratio of 6.00 and a quick ratio of 1.13. The stock has a market capitalization of $6.04 billion, a price-to-earnings ratio of 8.13 and a beta of 1.87.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The construction company reported $2.05 EPS for the quarter, beating the consensus estimate of $1.82 by $0.23. Taylor Morrison Home had a return on equity of 16.21% and a net margin of 10.37%. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the company earned $2.93 EPS. The firm's revenue was down 19.0% compared to the same quarter last year. Equities research analysts forecast that Taylor Morrison Home will post 7.29 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Joseph Terracciano sold 724 shares of Taylor Morrison Home stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $55.87, for a total value of $40,449.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Joseph Terracciano sold 724 shares of Taylor Morrison Home stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $55.87, for a total value of $40,449.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Curtis Vanhyfte sold 9,874 shares of Taylor Morrison Home stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $57.70, for a total value of $569,729.80. Following the completion of the transaction, the chief financial officer now owns 7,765 shares of the company's stock, valued at approximately $448,040.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 613,537 shares of company stock worth $36,409,767. 5.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Taylor Morrison Home

Several institutional investors have recently added to or reduced their stakes in TMHC. IFP Advisors Inc lifted its stake in Taylor Morrison Home by 138.9% during the third quarter. IFP Advisors Inc now owns 614 shares of the construction company's stock worth $26,000 after purchasing an additional 357 shares during the last quarter. Rise Advisors LLC acquired a new position in Taylor Morrison Home during the first quarter worth approximately $26,000. ICA Group Wealth Management LLC acquired a new position in Taylor Morrison Home during the fourth quarter worth approximately $27,000. Private Wealth Management Group LLC acquired a new position in Taylor Morrison Home during the fourth quarter worth approximately $39,000. Finally, Lazard Asset Management LLC acquired a new position in Taylor Morrison Home during the first quarter worth approximately $44,000. Hedge funds and other institutional investors own 95.16% of the company's stock.

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.