StockNews.com Lowers Taylor Morrison Home (NYSE:TMHC) to Hold

StockNews.com cut shares of Taylor Morrison Home (NYSE:TMHC) from a buy rating to a hold rating in a research report sent to investors on Friday morning.

TMHC has been the subject of several other research reports. Wedbush reissued a neutral rating and set a $65.00 target price (up previously from $61.00) on shares of Taylor Morrison Home in a research note on Wednesday, July 24th. Raymond James began coverage on shares of Taylor Morrison Home in a research note on Wednesday, July 24th. They issued an outperform rating and a $75.00 price objective for the company. Royal Bank of Canada boosted their target price on shares of Taylor Morrison Home from $63.00 to $74.00 and gave the stock an outperform rating in a research note on Thursday, July 25th. Barclays increased their price target on Taylor Morrison Home from $62.00 to $72.00 and gave the company an equal weight rating in a research note on Thursday, July 25th. Finally, Zelman & Associates upgraded Taylor Morrison Home from an underperform rating to a neutral rating in a research report on Friday, April 12th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Hold and a consensus price target of $68.60.

Taylor Morrison Home Price Performance

Taylor Morrison Home stock opened at $64.34 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.67 and a current ratio of 6.01. Taylor Morrison Home has a 52 week low of $37.23 and a 52 week high of $69.62. The stock has a market capitalization of $6.80 billion, a P/E ratio of 9.20 and a beta of 1.95. The stock has a fifty day moving average of $58.75 and a 200-day moving average of $57.45.

Insiders Place Their Bets

In other news, CEO Sheryl Palmer sold 100,000 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $61.70, for a total value of $6,170,000.00. Following the completion of the sale, the chief executive officer now owns 19,211 shares of the company’s stock, valued at $1,185,318.70. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director William H. Lyon sold 30,000 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $64.33, for a total value of $1,929,900.00. Following the transaction, the director now owns 2,255,316 shares in the company, valued at $145,084,478.28. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Sheryl Palmer sold 100,000 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $61.70, for a total value of $6,170,000.00. Following the sale, the chief executive officer now owns 19,211 shares of the company’s stock, valued at $1,185,318.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 190,000 shares of company stock valued at $12,136,317. 3.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Taylor Morrison Home

Several institutional investors and hedge funds have recently made changes to their positions in TMHC. Allspring Global Investments Holdings LLC increased its stake in Taylor Morrison Home by 4,586.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 663,385 shares of the construction company’s stock valued at $41,243,000 after purchasing an additional 649,230 shares in the last quarter. TCW Group Inc. increased its position in Taylor Morrison Home by 118.2% in the 4th quarter. TCW Group Inc. now owns 57,315 shares of the construction company’s stock valued at $3,058,000 after buying an additional 31,045 shares in the last quarter. Sei Investments Co. raised its stake in Taylor Morrison Home by 36.7% during the 1st quarter. Sei Investments Co. now owns 366,987 shares of the construction company’s stock worth $22,816,000 after buying an additional 98,539 shares during the period. Journey Strategic Wealth LLC bought a new position in Taylor Morrison Home in the fourth quarter worth approximately $235,000. Finally, BNP Paribas Financial Markets grew its stake in Taylor Morrison Home by 127.6% in the first quarter. BNP Paribas Financial Markets now owns 203,435 shares of the construction company’s stock valued at $12,648,000 after acquiring an additional 114,034 shares during the period. Institutional investors own 95.16% of the company’s stock.

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.