Taylor Morrison Home (NYSE:TMHC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Friday.
According to Zacks, “Taylor Morrison Home Corporation is a homebuilder and land developer engaged in building single-family detached and attached homes for first-time buyers, move-up families to luxury and active adult customers. The company operates under the Taylor Morrison brand, Monarch brand and Darling Homes brand. It operates in Arizona, California, Colorado, Florida and Texas. Taylor Morrison Home Corporation is headquartered in Scottsdale, Arizona. “
Get Taylor Morrison Home alerts:TMHC has been the subject of several other research reports. B. Riley boosted their price objective on shares of Taylor Morrison Home from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday. TheStreet upgraded shares of Taylor Morrison Home from a “c+” rating to a “b-” rating in a research report on Monday, January 28th. ValuEngine upgraded shares of Taylor Morrison Home from a “strong sell” rating to a “sell” rating in a research report on Friday, December 7th. Wells Fargo & Co set a $24.00 price objective on shares of Taylor Morrison Home and gave the stock a “buy” rating in a research report on Thursday, November 1st. Finally, Barclays set a $18.00 price objective on shares of Taylor Morrison Home and gave the stock a “sell” rating in a research report on Thursday, November 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $21.19.
NYSE TMHC opened at $18.11 on Friday. The company has a quick ratio of 1.07, a current ratio of 7.58 and a debt-to-equity ratio of 0.62. Taylor Morrison Home has a 52 week low of $14.73 and a 52 week high of $24.67. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 6.83, a PEG ratio of 0.77 and a beta of 1.29.
Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, February 13th. The construction company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.46 by $0.40. Taylor Morrison Home had a net margin of 4.88% and a return on equity of 13.11%. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the business posted $0.77 EPS. The firm’s revenue was up 12.2% on a year-over-year basis. As a group, research analysts expect that Taylor Morrison Home will post 2.55 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. BerganKDV Wealth Management LLC raised its position in Taylor Morrison Home by 237.6% in the 4th quarter. BerganKDV Wealth Management LLC now owns 1,688 shares of the construction company’s stock valued at $27,000 after purchasing an additional 1,188 shares during the last quarter. Strs Ohio purchased a new stake in Taylor Morrison Home in the 4th quarter valued at $28,000. Stamos Capital Partners L.P. purchased a new stake in Taylor Morrison Home in the 4th quarter valued at $64,000. Bank of Montreal Can raised its position in Taylor Morrison Home by 301.4% in the 4th quarter. Bank of Montreal Can now owns 4,748 shares of the construction company’s stock valued at $75,000 after purchasing an additional 3,565 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in Taylor Morrison Home by 26.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 7,463 shares of the construction company’s stock valued at $119,000 after purchasing an additional 1,577 shares during the last quarter. Hedge funds and other institutional investors own 93.74% of the company’s stock.
About Taylor Morrison Home
Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family detached and attached homes; and develops lifestyle and master-planned communities. It operates under the Taylor Morrison and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.
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