Zacks Investment Research Downgrades Taylor Morrison Home (NYSE:TMHC) to Hold

Taylor Morrison Home (NYSE:TMHC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Saturday, Zacks.com reports.

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. “

Other equities research analysts have also recently issued research reports about the company. Wedbush reiterated a “buy” rating and issued a $95.00 price objective on shares of Global Blood Therapeutics in a report on Monday, May 13th. Royal Bank of Canada increased their price objective on Victory Capital to $19.00 and gave the stock an “outperform” rating in a report on Thursday, May 16th. Barclays increased their price objective on from $65.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday. ValuEngine cut Xylem from a “buy” rating to a “hold” rating in a report on Tuesday, May 14th. Finally, Citigroup cut BCE from a “buy” rating to a “neutral” rating in a report on Thursday, May 2nd. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $23.05.

Shares of TMHC stock opened at $21.93 on Friday. The stock has a market cap of $2.35 billion, a PE ratio of 8.28, a PEG ratio of 1.86 and a beta of 1.04. Taylor Morrison Home has a 1-year low of $14.73 and a 1-year high of $22.56. The firm’s 50-day moving average is $20.72. The company has a debt-to-equity ratio of 0.91, a current ratio of 7.85 and a quick ratio of 0.63.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, May 1st. The construction company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.10. Taylor Morrison Home had a return on equity of 12.89% and a net margin of 4.83%. The business had revenue of $925.10 million during the quarter, compared to analysts’ expectations of $872.44 million. During the same quarter last year, the business posted $0.41 EPS. The business’s revenue was up 23.0% on a year-over-year basis. Research analysts anticipate that Taylor Morrison Home will post 2.64 EPS for the current fiscal year.

In other Taylor Morrison Home news, insider Joseph Terracciano sold 1,964 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $20.71, for a total value of $40,674.44. Following the completion of the sale, the insider now owns 2,015 shares in the company, valued at approximately $41,730.65. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.90% of the company’s stock.

Large investors have recently made changes to their positions in the company. GYL Financial Synergies LLC bought a new position in shares of Taylor Morrison Home in the 1st quarter worth approximately $1,322,000. California State Teachers Retirement System raised its position in shares of Taylor Morrison Home by 6.7% in the 4th quarter. California State Teachers Retirement System now owns 183,196 shares of the construction company’s stock worth $2,913,000 after acquiring an additional 11,545 shares in the last quarter. FMR LLC raised its position in shares of Taylor Morrison Home by 1.6% in the 1st quarter. FMR LLC now owns 12,246,684 shares of the construction company’s stock worth $217,379,000 after acquiring an additional 187,769 shares in the last quarter. Norges Bank bought a new position in shares of Taylor Morrison Home in the 4th quarter worth approximately $30,993,000. Finally, BlackRock Inc. raised its position in shares of Taylor Morrison Home by 3.5% in the 4th quarter. BlackRock Inc. now owns 9,106,907 shares of the construction company’s stock worth $144,799,000 after acquiring an additional 309,427 shares in the last quarter.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family and multi-family attached and detached 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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