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).
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