Taylor Morrison Home (NYSE:TMHC) Reaches New 1-Year Low – Should You Sell?

Taylor Morrison Home Corporation (NYSE:TMHC)’s share price hit a new 52-week low on Tuesday . The company traded as low as $54.15 and last traded at $55.0670, with a volume of 46466 shares changing hands. The stock had previously closed at $55.94.

Wall Street Analysts Forecast Growth

TMHC has been the subject of a number of research reports. Barclays lifted their price objective on Taylor Morrison Home from $68.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Wolfe Research reiterated an “outperform” rating and issued a $76.00 price objective on shares of Taylor Morrison Home in a research report on Thursday, April 23rd. Royal Bank Of Canada lifted their price objective on Taylor Morrison Home from $68.00 to $69.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Truist Financial lowered their price objective on Taylor Morrison Home from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, April 16th. Finally, Seaport Research Partners reiterated a “sell” rating and issued a $49.00 price objective (down from $85.00) on shares of Taylor Morrison Home in a research report on Tuesday, April 7th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $77.43.

Taylor Morrison Home Price Performance

The company has a market capitalization of $5.15 billion, a price-to-earnings ratio of 8.22, a price-to-earnings-growth ratio of 1.34 and a beta of 1.51. The company has a 50-day moving average price of $59.45 and a 200-day moving average price of $61.22. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.45 and a current ratio of 7.66.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, April 22nd. The construction company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.30. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.33 billion. Taylor Morrison Home had a return on equity of 11.48% and a net margin of 8.77%.The company’s revenue for the quarter was down 26.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.07 EPS. On average, equities research analysts expect that Taylor Morrison Home Corporation will post 5.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Taylor Morrison Home

A number of large investors have recently bought and sold shares of TMHC. Strategic Investment Advisors MI acquired a new position in shares of Taylor Morrison Home during the 1st quarter worth about $295,000. Amundi boosted its stake in shares of Taylor Morrison Home by 214.4% during the 1st quarter. Amundi now owns 21,511 shares of the construction company’s stock worth $1,253,000 after buying an additional 14,668 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of Taylor Morrison Home by 24.1% during the 1st quarter. California State Teachers Retirement System now owns 115,163 shares of the construction company’s stock worth $6,707,000 after buying an additional 22,348 shares during the last quarter. Readystate Asset Management LP acquired a new position in shares of Taylor Morrison Home during the 1st quarter worth about $2,094,000. Finally, Empowered Funds LLC boosted its stake in shares of Taylor Morrison Home by 38.9% during the 1st quarter. Empowered Funds LLC now owns 283,380 shares of the construction company’s stock worth $16,504,000 after buying an additional 79,407 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.