Taylor Morrison Home (NYSE:TMHC) Hits New 52-Week Low Following Analyst Downgrade

Shares of Taylor Morrison Home Co. (NYSE:TMHC - Get Free Report) reached a new 52-week low on Tuesday after Barclays lowered their price target on the stock from $90.00 to $70.00. Barclays currently has an overweight rating on the stock. Taylor Morrison Home traded as low as $53.15 and last traded at $53.91, with a volume of 1327892 shares changing hands. The stock had previously closed at $56.79.

TMHC has been the topic of several other research reports. StockNews.com downgraded Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. decreased their price objective on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Seaport Res Ptn upgraded Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Royal Bank of Canada increased their price target on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Finally, Wolfe Research raised shares of Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price objective on the stock in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, Taylor Morrison Home presently has an average rating of "Moderate Buy" and an average price target of $79.57.

Insider Activity

In other Taylor Morrison Home news, Director David C. Merritt sold 2,402 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Joseph Terracciano sold 1,537 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total transaction of $93,372.75. The disclosure for this sale can be found here. Corporate insiders own 3.50% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TMHC. CIBC Asset Management Inc boosted its position in Taylor Morrison Home by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company's stock valued at $202,000 after buying an additional 173 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Taylor Morrison Home by 1.2% in the 4th quarter. Pacer Advisors Inc. now owns 15,428 shares of the construction company's stock valued at $944,000 after acquiring an additional 180 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Taylor Morrison Home by 43.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock worth $49,000 after acquiring an additional 243 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Taylor Morrison Home by 41.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company's stock worth $51,000 after purchasing an additional 243 shares during the last quarter. Finally, Savant Capital LLC lifted its position in Taylor Morrison Home by 5.3% during the fourth quarter. Savant Capital LLC now owns 5,012 shares of the construction company's stock valued at $307,000 after purchasing an additional 251 shares during the period. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Performance

The firm's fifty day simple moving average is $60.49 and its 200 day simple moving average is $64.78. The company has a market capitalization of $5.67 billion, a PE ratio of 6.73 and a beta of 1.76. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, beating analysts' consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. On average, research analysts predict that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

About Taylor Morrison Home

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.