Taylor Morrison Home (NYSE:TMHC) Upgraded by Truist Financial to “Strong-Buy” Rating

Truist Financial upgraded shares of Taylor Morrison Home (NYSE:TMHC) to a strong-buy rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

Several other equities analysts also recently weighed in on the stock. Citizens Jmp began coverage on shares of Taylor Morrison Home in a research note on Wednesday, January 7th. They issued a “market outperform” rating and a $95.00 price target on the stock. Zacks Research downgraded Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. Citigroup started coverage on Taylor Morrison Home in a research report on Wednesday, January 7th. They issued an “outperform” rating on the stock. Bank of America reiterated a “neutral” rating on shares of Taylor Morrison Home in a research note on Tuesday. Finally, Barclays reduced their price objective on Taylor Morrison Home from $71.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Taylor Morrison Home currently has a consensus rating of “Moderate Buy” and an average target price of $78.29.

Taylor Morrison Home Price Performance

Shares of TMHC traded down $1.89 during mid-day trading on Tuesday, hitting $61.64. 1,191,578 shares of the company were exchanged, compared to its average volume of 1,053,470. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.55 and a current ratio of 7.31. Taylor Morrison Home has a 1-year low of $51.90 and a 1-year high of $72.50. The stock has a market cap of $5.94 billion, a price-to-earnings ratio of 7.94, a price-to-earnings-growth ratio of 8.91 and a beta of 1.58. The company has a 50 day moving average of $63.50 and a 200-day moving average of $63.56.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TMHC. Parkside Financial Bank & Trust lifted its stake in Taylor Morrison Home by 13.0% in the second quarter. Parkside Financial Bank & Trust now owns 1,654 shares of the construction company’s stock valued at $102,000 after buying an additional 190 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Taylor Morrison Home by 14.9% in the 3rd quarter. Allworth Financial LP now owns 1,546 shares of the construction company’s stock valued at $102,000 after acquiring an additional 200 shares during the period. PNC Financial Services Group Inc. raised its position in Taylor Morrison Home by 4.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,691 shares of the construction company’s stock valued at $310,000 after purchasing an additional 204 shares during the last quarter. Tectonic Advisors LLC boosted its stake in Taylor Morrison Home by 0.7% during the 4th quarter. Tectonic Advisors LLC now owns 29,765 shares of the construction company’s stock worth $1,752,000 after purchasing an additional 207 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in Taylor Morrison Home by 30.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 899 shares of the construction company’s stock worth $55,000 after purchasing an additional 211 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company’s portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company’s heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.