Taylor Morrison Home (NYSE:TMHC) Receives “Neutral” Rating from Wedbush

Taylor Morrison Home (NYSE:TMHC)‘s stock had its “neutral” rating reiterated by analysts at Wedbush in a report released on Tuesday, Marketbeat reports. They currently have a $55.00 target price on the construction company’s stock. Wedbush’s price target suggests a potential downside of 1.87% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the stock. StockNews.com cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Seaport Res Ptn cut shares of Taylor Morrison Home from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Royal Bank of Canada increased their price objective on shares of Taylor Morrison Home from $57.00 to $61.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Zelman & Associates raised shares of Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research report on Friday, April 12th. Finally, Barclays increased their price objective on shares of Taylor Morrison Home from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Taylor Morrison Home presently has a consensus rating of “Hold” and a consensus target price of $58.20.

Taylor Morrison Home Stock Performance

Shares of TMHC opened at $56.05 on Tuesday. The company has a current ratio of 6.00, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $5.97 billion, a P/E ratio of 8.03 and a beta of 1.87. The firm’s fifty day simple moving average is $57.59 and its two-hundred day simple moving average is $51.69. Taylor Morrison Home has a 12 month low of $37.23 and a 12 month high of $62.64.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Tuesday, April 30th. The construction company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.18. The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Taylor Morrison Home had a net margin of 10.37% and a return on equity of 16.21%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.74 earnings per share. As a group, analysts predict that Taylor Morrison Home will post 7.29 EPS for the current year.

Insider Activity at Taylor Morrison Home

In related news, Director William H. Lyon sold 33,400 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $56.04, for a total value of $1,871,736.00. Following the transaction, the director now owns 71,570 shares of the company’s stock, valued at approximately $4,010,782.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Taylor Morrison Home news, Director William H. Lyon sold 33,400 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $56.04, for a total value of $1,871,736.00. Following the completion of the sale, the director now owns 71,570 shares in the company, valued at approximately $4,010,782.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Joseph Terracciano sold 724 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $55.87, for a total transaction of $40,449.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 613,537 shares of company stock valued at $36,409,767. 3.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Taylor Morrison Home

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC increased its stake in shares of Taylor Morrison Home by 1.5% during the 4th quarter. SummerHaven Investment Management LLC now owns 14,383 shares of the construction company’s stock worth $767,000 after purchasing an additional 213 shares during the last quarter. Meritage Portfolio Management increased its stake in shares of Taylor Morrison Home by 2.1% during the 4th quarter. Meritage Portfolio Management now owns 10,885 shares of the construction company’s stock worth $581,000 after purchasing an additional 229 shares during the last quarter. CWM LLC increased its stake in shares of Taylor Morrison Home by 17.2% during the 4th quarter. CWM LLC now owns 1,804 shares of the construction company’s stock worth $96,000 after purchasing an additional 265 shares during the last quarter. Resonant Capital Advisors LLC increased its stake in shares of Taylor Morrison Home by 3.6% during the 4th quarter. Resonant Capital Advisors LLC now owns 8,135 shares of the construction company’s stock worth $434,000 after purchasing an additional 285 shares during the last quarter. Finally, Tectonic Advisors LLC increased its stake in shares of Taylor Morrison Home by 1.1% during the 4th quarter. Tectonic Advisors LLC now owns 27,533 shares of the construction company’s stock worth $1,469,000 after purchasing an additional 296 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

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.