Taylor Morrison Home (NYSE:TMHC) Lowered to "Hold" Rating by Wall Street Zen

Taylor Morrison Home (NYSE:TMHC - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Sunday.

Several other research analysts also recently issued reports on TMHC. Barclays set a $69.00 price target on shares of Taylor Morrison Home and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Royal Bank of Canada upped their price objective on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Wedbush restated an "outperform" rating and set a $85.00 target price on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. Bank of America initiated coverage on Taylor Morrison Home in a research note on Monday, May 5th. They issued a "buy" rating and a $70.00 price target on the stock. Finally, JPMorgan Chase & Co. cut their price objective on shares of Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $76.88.

Taylor Morrison Home Stock Performance

Shares of TMHC stock traded up $1.44 during mid-day trading on Friday, reaching $58.02. The stock had a trading volume of 1,062,509 shares, compared to its average volume of 928,431. The firm has a market cap of $5.82 billion, a PE ratio of 7.01 and a beta of 1.68. Taylor Morrison Home has a one year low of $51.90 and a one year high of $75.49. The firm's 50 day simple moving average is $57.63 and its 200 day simple moving average is $61.77. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, topping analysts' consensus estimates of $1.85 by $0.33. The firm had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.81 billion. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. The company's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.75 earnings per share. On average, analysts forecast that Taylor Morrison Home will post 8.93 EPS for the current year.

Insider Buying and Selling at Taylor Morrison Home

In other news, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total transaction of $93,372.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.40% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TMHC. Norges Bank purchased a new position in shares of Taylor Morrison Home during the fourth quarter worth about $93,810,000. Nuveen LLC purchased a new stake in shares of Taylor Morrison Home during the first quarter worth about $51,329,000. Long Pond Capital LP purchased a new stake in Taylor Morrison Home in the 1st quarter worth approximately $40,345,000. Junto Capital Management LP bought a new stake in Taylor Morrison Home in the first quarter valued at $34,007,000. Finally, Victory Capital Management Inc. boosted its stake in shares of Taylor Morrison Home by 197.2% during the 1st quarter. Victory Capital Management Inc. now owns 793,987 shares of the construction company's stock valued at $47,671,000 after purchasing an additional 526,819 shares in the last quarter. 95.16% of the stock is owned by institutional investors.

Taylor Morrison Home Company Profile

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.