Wall Street Zen Upgrades Taylor Morrison Home (NYSE:TMHC) to "Buy"

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

Several other brokerages have also commented on TMHC. BTIG Research set a $75.00 price objective on Taylor Morrison Home and gave the company a "buy" rating in a research report on Wednesday, April 16th. Wedbush reaffirmed an "outperform" rating and issued a $85.00 price target on shares of Taylor Morrison Home in a research 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 price target for the company. JPMorgan Chase & Co. lowered their price target on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. Finally, Barclays set a $69.00 price objective on Taylor Morrison Home and gave the stock an "overweight" rating in a report on Thursday, April 24th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $76.88.

Taylor Morrison Home Price Performance

NYSE TMHC traded down $1.74 on Friday, reaching $56.49. 343,287 shares of the company's stock traded hands, compared to its average volume of 921,296. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94. Taylor Morrison Home has a 12 month low of $51.90 and a 12 month high of $75.49. The stock has a market cap of $5.67 billion, a PE ratio of 6.82 and a beta of 1.68. The stock has a 50-day simple moving average of $58.07 and a 200 day simple moving average of $62.27.

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

Insider Activity at Taylor Morrison Home

In related news, CAO Joseph Terracciano sold 1,537 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total value of $93,372.75. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Taylor Morrison Home

Several hedge funds have recently modified their holdings of the company. Morse Asset Management Inc purchased a new stake in Taylor Morrison Home during the 4th quarter valued at $29,000. GAMMA Investing LLC boosted its position in Taylor Morrison Home by 193.0% during the first quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock valued at $40,000 after purchasing an additional 444 shares in the last quarter. V Square Quantitative Management LLC boosted its position in Taylor Morrison Home by 68.1% during the fourth quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company's stock valued at $42,000 after purchasing an additional 277 shares in the last quarter. Quarry LP boosted its position in Taylor Morrison Home by 202.1% during the fourth quarter. Quarry LP now owns 704 shares of the construction company's stock valued at $43,000 after purchasing an additional 471 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in Taylor Morrison Home by 49.5% during 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 in the last quarter. 95.16% of the stock is 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.