Taylor Morrison Home (NYSE:TMHC) Stock Rating Upgraded by Seaport Res Ptn

Seaport Res Ptn upgraded shares of Taylor Morrison Home (NYSE:TMHC - Free Report) from a hold rating to a strong-buy rating in a report published on Wednesday morning,Zacks.com reports.

Other research analysts have also issued reports about the stock. Wedbush reissued an "outperform" rating and set a $85.00 price objective on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. Wall Street Zen downgraded Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. Barclays set a $69.00 price objective on Taylor Morrison Home and gave the company an "overweight" rating in a research note on Thursday, April 24th. Bank of America started coverage on Taylor Morrison Home in a research report on Monday, May 5th. They issued a "buy" rating and a $70.00 target price for the company. Finally, BTIG Research set a $75.00 price target on Taylor Morrison Home and gave the company a "buy" rating in a report on Wednesday, April 16th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $76.88.

Taylor Morrison Home Stock Down 5.6%

NYSE TMHC traded down $3.60 during mid-day trading on Wednesday, reaching $60.71. 2,059,730 shares of the company's stock traded hands, compared to its average volume of 1,234,317. The company has a current ratio of 6.54, a quick ratio of 0.86 and a debt-to-equity ratio of 0.35. Taylor Morrison Home has a 1-year low of $51.90 and a 1-year high of $75.49. The company has a fifty day simple moving average of $60.27 and a 200-day simple moving average of $60.51. The company has a market cap of $6.09 billion, a price-to-earnings ratio of 7.01 and a beta of 1.57.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its earnings results on Wednesday, July 23rd. The construction company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.94 by $0.08. The company had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $1.93 billion. Taylor Morrison Home had a return on equity of 16.22% and a net margin of 10.72%. The business's revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.86 EPS. As a group, equities research analysts expect that Taylor Morrison Home will post 8.93 EPS for the current year.

Institutional Investors Weigh In On Taylor Morrison Home

Large investors have recently added to or reduced their stakes in the stock. Morse Asset Management Inc bought a new position in shares of Taylor Morrison Home during the fourth quarter worth about $29,000. GAMMA Investing LLC boosted its stake in Taylor Morrison Home by 193.0% during the 1st quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock valued at $40,000 after purchasing an additional 444 shares during the period. Quarry LP grew its position in Taylor Morrison Home by 202.1% in the 4th quarter. Quarry LP now owns 704 shares of the construction company's stock worth $43,000 after purchasing an additional 471 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Taylor Morrison Home by 49.5% in the first quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company's stock valued at $48,000 after purchasing an additional 262 shares during the period. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Taylor Morrison Home by 50.2% during the first quarter. Harbor Capital Advisors Inc. now owns 844 shares of the construction company's stock valued at $51,000 after buying an additional 282 shares during the last quarter. 95.16% of the stock is 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.