Taylor Morrison Home (NYSE:TMHC) Shares Gap Down - Should You Sell?

Taylor Morrison Home Co. (NYSE:TMHC - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $60.78, but opened at $58.64. Taylor Morrison Home shares last traded at $58.84, with a volume of 419,089 shares trading hands.

Wall Street Analyst Weigh In

TMHC has been the subject of a number of research analyst 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 target on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. Wolfe Research upgraded shares of Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price target on the stock in a report on Wednesday, January 8th. Seaport Res Ptn upgraded Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 6th. Finally, Barclays raised shares of Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $75.00 to $90.00 in a research report on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $82.43.

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Taylor Morrison Home Price Performance

The company has a market cap of $6.24 billion, a price-to-earnings ratio of 7.41 and a beta of 2.06. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36. The company has a fifty day moving average price of $62.75 and a two-hundred day moving average price of $65.80.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, topping 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%. As a group, equities research analysts anticipate that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Insider Buying and Selling at Taylor Morrison Home

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

Hedge Funds Weigh In On Taylor Morrison Home

A number of institutional investors have recently modified their holdings of the stock. CIBC Asset Management Inc increased 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 worth $202,000 after purchasing an additional 173 shares during the period. Pacer Advisors Inc. grew its position in shares of Taylor Morrison Home by 1.2% during the 4th quarter. Pacer Advisors Inc. now owns 15,428 shares of the construction company's stock worth $944,000 after buying an additional 180 shares during the period. Captrust Financial Advisors grew its position in shares of Taylor Morrison Home by 2.9% during the 3rd quarter. Captrust Financial Advisors now owns 8,340 shares of the construction company's stock worth $586,000 after buying an additional 234 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Taylor Morrison Home by 43.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock worth $49,000 after buying an additional 243 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in Taylor Morrison Home by 41.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company's stock valued at $51,000 after buying an additional 243 shares during the period. 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.