Taylor Morrison Home (NYSE:TMHC) Sees Large Volume Increase – Should You Buy?

Taylor Morrison Home Corporation (NYSE:TMHC) shares saw unusually-strong trading volume on Wednesday . Approximately 1,214,873 shares traded hands during trading, a decline of 18% from the previous session’s volume of 1,474,853 shares.The stock last traded at $71.60 and had previously closed at $71.50.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TMHC shares. Bank of America decreased their price target on shares of Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating for the company in a research report on Monday, April 20th. Barclays boosted their price target on Taylor Morrison Home from $68.00 to $69.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Weiss Ratings downgraded Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, April 24th. Citizens Jmp downgraded Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a report on Monday. Finally, Royal Bank Of Canada downgraded Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from $69.00 to $72.50 in a report on Tuesday. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $76.86.

Taylor Morrison Home Stock 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 firm has a market capitalization of $6.69 billion, a P/E ratio of 10.69, a P/E/G ratio of 1.65 and a beta of 1.47. The stock has a fifty day moving average price of $59.37 and a two-hundred day moving average price of $61.23.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, April 22nd. The construction company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.30. The business had revenue of $1.39 billion during 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 business’s quarterly revenue was down 26.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.07 EPS. Research analysts forecast that Taylor Morrison Home Corporation will post 5.36 EPS for the current year.

Institutional Trading of Taylor Morrison Home

Institutional investors and hedge funds have recently made changes to their positions in the stock. Miller Capital Partners Inc. acquired a new stake in shares of Taylor Morrison Home during the 4th quarter worth approximately $27,000. Pinnacle Holdings LLC acquired a new stake in shares of Taylor Morrison Home during the 3rd quarter worth approximately $32,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Taylor Morrison Home during the 4th quarter worth approximately $33,000. Huntington National Bank raised its position in shares of Taylor Morrison Home by 2,074.1% during the 3rd quarter. Huntington National Bank now owns 587 shares of the construction company’s stock worth $39,000 after purchasing an additional 560 shares during the period. Finally, Root Financial Partners LLC raised its position in shares of Taylor Morrison Home by 65.7% during the 1st quarter. Root Financial Partners LLC now owns 638 shares of the construction company’s stock worth $37,000 after purchasing an additional 253 shares during the period. 95.16% of the stock is currently owned by institutional investors and hedge funds.

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.