Taylor Morrison Home (NYSE:TMHC) Shares Gap Up to $55.17

Taylor Morrison Home Co. (NYSE:TMHC - Get Free Report)'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $55.17, but opened at $57.86. Taylor Morrison Home shares last traded at $57.75, with a volume of 13,133 shares.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Thursday, June 27th. Royal Bank of Canada lifted their price target on shares of Taylor Morrison Home from $61.00 to $63.00 and gave the stock an "outperform" rating in a report on Wednesday, May 1st. Wedbush reissued an "outperform" rating and set a $61.00 target price on shares of Taylor Morrison Home in a research note on Thursday, May 30th. Finally, Zelman & Associates upgraded shares of Taylor Morrison Home from an "underperform" rating to a "neutral" rating in a report on Friday, April 12th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $59.40.

Taylor Morrison Home Stock Up 7.7 %

The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.91 and a current ratio of 6.16. The company has a market cap of $6.28 billion, a price-to-earnings ratio of 8.50 and a beta of 1.95. The stock's fifty day moving average is $56.77 and its two-hundred day moving average is $55.95.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.57 by $0.18. Taylor Morrison Home had a net margin of 10.30% and a return on equity of 15.75%. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the prior year, the firm posted $1.74 EPS. The firm's quarterly revenue was up 2.3% compared to the same quarter last year. Sell-side analysts predict that Taylor Morrison Home Co. will post 7.62 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Sheryl Palmer sold 100,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $61.70, for a total transaction of $6,170,000.00. Following the completion of the transaction, the chief executive officer now directly owns 19,211 shares of the company's stock, valued at approximately $1,185,318.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Csenge Advisory Group bought a new position in Taylor Morrison Home in the 2nd quarter worth approximately $221,000. CWM LLC boosted its holdings in Taylor Morrison Home by 15.7% in the 2nd quarter. CWM LLC now owns 2,334 shares of the construction company's stock worth $129,000 after buying an additional 316 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in Taylor Morrison Home in the 2nd quarter worth approximately $31,000. Boston Partners bought a new position in Taylor Morrison Home in the 1st quarter worth approximately $1,296,000. Finally, Cetera Advisors LLC purchased a new stake in Taylor Morrison Home in the 1st quarter worth approximately $475,000. 95.16% of the stock is owned by institutional investors.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.