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

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

Several other research firms have also recently issued reports on TMHC. Wedbush reiterated an "outperform" rating and issued a $85.00 price objective on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. 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 on the stock. Seaport Res Ptn upgraded Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. reduced their price objective on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Finally, BTIG Research set a $75.00 target price on shares of Taylor Morrison Home and gave the stock a "buy" rating in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $76.88.

Taylor Morrison Home Price Performance

Taylor Morrison Home stock traded down $0.07 during trading on Friday, reaching $56.45. The company had a trading volume of 642,227 shares, compared to its average volume of 924,232. The firm has a market capitalization of $5.67 billion, a PE ratio of 6.82 and a beta of 1.68. The firm's 50-day simple moving average is $58.20 and its 200 day simple moving average is $62.41. 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 has a 1-year low of $51.90 and a 1-year high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The construction company reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.33. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate 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 was up 11.5% compared to the same quarter last year. During the same period last year, the firm posted $1.75 earnings per share. As a group, equities research analysts anticipate that Taylor Morrison Home will post 8.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Joseph Terracciano sold 1,537 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total transaction of $93,372.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Taylor Morrison Home in the 4th quarter valued at $93,810,000. Nuveen LLC purchased a new stake in Taylor Morrison Home in the 1st quarter valued at about $51,329,000. Long Pond Capital LP purchased a new stake in Taylor Morrison Home in the 1st quarter valued at about $40,345,000. Junto Capital Management LP acquired a new position in Taylor Morrison Home in the first quarter valued at about $34,007,000. Finally, Victory Capital Management Inc. boosted its stake in Taylor Morrison Home by 197.2% during the first quarter. Victory Capital Management Inc. now owns 793,987 shares of the construction company's stock worth $47,671,000 after buying an additional 526,819 shares during the period. 95.16% of the stock is currently owned by hedge funds and other 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.