Taylor Morrison Home (NYSE:TMHC) Sees Unusually-High Trading Volume – What’s Next?

Taylor Morrison Home Corporation (NYSE:TMHC) shares saw unusually-strong trading volume on Tuesday . Approximately 1,121,989 shares traded hands during trading, a decline of 32% from the previous session’s volume of 1,638,032 shares.The stock last traded at $71.5350 and had previously closed at $71.44.

Analyst Upgrades and Downgrades

TMHC has been the subject of several research reports. Royal Bank Of Canada lowered Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from $69.00 to $72.50 in a report on Tuesday, June 2nd. Bank of America reduced their price target on Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Citizens Jmp lowered Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a report on Monday, June 1st. Truist Financial reduced their price target on Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating for the company in a report on Monday, June 1st. Finally, Wolfe Research reiterated an “outperform” rating and set a $76.00 price target on shares of Taylor Morrison Home in a report on Thursday, April 23rd. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Taylor Morrison Home presently has an average rating of “Hold” and an average price target of $76.86.

Taylor Morrison Home Trading Up 0.2%

The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.45 and a current ratio of 7.66. The company has a 50-day simple moving average of $60.64 and a 200 day simple moving average of $61.66. The company has a market capitalization of $6.69 billion, a P/E ratio of 10.68, a P/E/G ratio of 1.65 and a beta of 1.47.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, April 22nd. The construction company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.82 by $0.30. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business posted $2.07 EPS. Sell-side analysts expect that Taylor Morrison Home Corporation will post 5.36 earnings per share for the current year.

Institutional Trading of Taylor Morrison Home

Large investors have recently made changes to their positions in the business. AQR Capital Management LLC lifted its stake in shares of Taylor Morrison Home by 67.6% during the fourth quarter. AQR Capital Management LLC now owns 3,710,885 shares of the construction company’s stock valued at $218,274,000 after acquiring an additional 1,497,329 shares during the period. Norges Bank acquired a new position in shares of Taylor Morrison Home during the fourth quarter valued at $84,994,000. Assenagon Asset Management S.A. lifted its stake in shares of Taylor Morrison Home by 96.1% during the first quarter. Assenagon Asset Management S.A. now owns 2,554,498 shares of the construction company’s stock valued at $148,774,000 after acquiring an additional 1,251,558 shares during the period. M&T Bank Corp lifted its stake in Taylor Morrison Home by 28,246.3% in the fourth quarter. M&T Bank Corp now owns 1,058,169 shares of the construction company’s stock valued at $62,294,000 after buying an additional 1,054,436 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in Taylor Morrison Home by 360.1% in the third quarter. Alliancebernstein L.P. now owns 1,284,221 shares of the construction company’s stock valued at $84,771,000 after buying an additional 1,005,116 shares during the period. Institutional investors own 95.16% of the company’s stock.

About Taylor Morrison Home

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.