Taylor Morrison Home (NYSE:TMHC) Upgraded by UBS Group to “Positive”

Taylor Morrison Home (NYSE:TMHC) was upgraded by equities research analysts at UBS Group from a “neutral” rating to a “positive” rating in a research report issued to clients and investors on Thursday, January 4th, The Fly reports.

A number of other brokerages also recently issued reports on TMHC. BidaskClub downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. ValuEngine cut Taylor Morrison Home from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 2nd. Citigroup raised Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Tuesday, January 2nd. Finally, B. Riley reaffirmed a “neutral” rating on shares of Taylor Morrison Home in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $27.57.

Taylor Morrison Home (NYSE TMHC) traded down $0.66 during trading on Thursday, reaching $27.75. The company’s stock had a trading volume of 9,914,762 shares, compared to its average volume of 1,424,958. The company has a quick ratio of 0.81, a current ratio of 6.85 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $3,396.61, a P/E ratio of 15.08, a PEG ratio of 0.99 and a beta of 1.47. Taylor Morrison Home has a 1 year low of $18.26 and a 1 year high of $28.42.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, November 1st. The construction company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.41 by $0.04. Taylor Morrison Home had a return on equity of 4.18% and a net margin of 2.41%. The firm had revenue of $908.00 million during the quarter, compared to the consensus estimate of $914.19 million. During the same period last year, the company earned $0.49 earnings per share. The business’s quarterly revenue was up 6.4% on a year-over-year basis. equities research analysts forecast that Taylor Morrison Home will post 1.85 EPS for the current year.

Taylor Morrison Home announced that its Board of Directors has approved a share buyback program on Wednesday, January 3rd that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the construction company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

In related news, insider C. David Cone sold 35,000 shares of Taylor Morrison Home stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $23.79, for a total transaction of $832,650.00. Following the sale, the insider now directly owns 42,511 shares in the company, valued at $1,011,336.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.40% of the company’s stock.

Several large investors have recently added to or reduced their stakes in TMHC. Ameritas Investment Partners Inc. grew its position in Taylor Morrison Home by 62.3% during the second quarter. Ameritas Investment Partners Inc. now owns 5,369 shares of the construction company’s stock worth $129,000 after buying an additional 2,060 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Taylor Morrison Home by 20.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,409 shares of the construction company’s stock worth $154,000 after buying an additional 1,110 shares in the last quarter. Great West Life Assurance Co. Can grew its position in Taylor Morrison Home by 52.9% during the second quarter. Great West Life Assurance Co. Can now owns 6,882 shares of the construction company’s stock worth $165,000 after buying an additional 2,382 shares in the last quarter. Victory Capital Management Inc. grew its position in Taylor Morrison Home by 17.6% during the second quarter. Victory Capital Management Inc. now owns 7,429 shares of the construction company’s stock worth $178,000 after buying an additional 1,114 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in Taylor Morrison Home by 717.3% during the second quarter. BNP Paribas Arbitrage SA now owns 7,470 shares of the construction company’s stock worth $179,000 after buying an additional 6,556 shares in the last quarter. Institutional investors own 59.08% of the company’s stock.

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Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).

The Fly

Analyst Recommendations for Taylor Morrison Home (NYSE:TMHC)

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