Taylor Morrison Home (NYSE:TMHC) Upgraded at Wall Street Zen

Taylor Morrison Home (NYSE:TMHC - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday.

A number of other brokerages have also recently commented on TMHC. Wedbush reaffirmed an "outperform" rating and issued a $85.00 price target on shares of Taylor Morrison Home in a research note on Wednesday, April 23rd. BTIG Research set a $75.00 target price on Taylor Morrison Home and gave the company a "buy" rating in a report on Wednesday, April 16th. Seaport Res Ptn upgraded Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. Barclays set a $69.00 price target on Taylor Morrison Home and gave the company an "overweight" rating in a report on Thursday, April 24th. Finally, Bank of America initiated coverage on Taylor Morrison Home in a report on Monday, May 5th. They issued a "buy" rating and a $70.00 target price for the company. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $76.88.

Taylor Morrison Home Trading Up 1.4%

Shares of NYSE:TMHC traded up $0.78 during midday trading on Friday, hitting $56.84. 827,632 shares of the stock were exchanged, compared to its average volume of 925,222. The business's 50-day moving average price is $57.92 and its 200 day moving average price is $62.11. Taylor Morrison Home has a 12 month low of $51.90 and a 12 month high of $75.49. The stock has a market capitalization of $5.71 billion, a price-to-earnings ratio of 6.86 and a beta of 1.68. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39.

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

Insider Buying and Selling

In related news, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total value of $93,372.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.40% of the stock is currently owned by insiders.

Institutional Trading of Taylor Morrison Home

Several institutional investors have recently made changes to their positions in the business. Strs Ohio bought a new position in shares of Taylor Morrison Home in the first quarter worth about $660,000. BOS Asset Management LLC raised its holdings in shares of Taylor Morrison Home by 7.7% during the first quarter. BOS Asset Management LLC now owns 13,919 shares of the construction company's stock worth $836,000 after acquiring an additional 997 shares during the period. Intech Investment Management LLC raised its holdings in shares of Taylor Morrison Home by 8.9% during the first quarter. Intech Investment Management LLC now owns 49,907 shares of the construction company's stock worth $2,996,000 after acquiring an additional 4,063 shares during the period. Jane Street Group LLC raised its holdings in shares of Taylor Morrison Home by 16.8% during the first quarter. Jane Street Group LLC now owns 188,056 shares of the construction company's stock worth $11,291,000 after acquiring an additional 27,072 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Taylor Morrison Home by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 299,888 shares of the construction company's stock valued at $18,005,000 after purchasing an additional 16,379 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

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.