Seaport Res Ptn Upgrades Taylor Morrison Home (NYSE:TMHC) to "Hold"

Taylor Morrison Home (NYSE:TMHC - Get Free Report) was upgraded by stock analysts at Seaport Res Ptn from a "strong sell" rating to a "hold" rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other research firms also recently commented on TMHC. JPMorgan Chase & Co. decreased their price target on shares of Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. StockNews.com cut shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Wednesday, January 8th. Barclays upgraded shares of Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $75.00 to $90.00 in a research report on Wednesday, December 11th. Wolfe Research upgraded shares of Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 target price on the stock in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada upped their target price on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $82.43.

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Taylor Morrison Home Stock Down 0.0 %

Shares of TMHC stock traded down $0.02 during trading on Thursday, reaching $60.54. The company's stock had a trading volume of 1,021,201 shares, compared to its average volume of 1,058,039. Taylor Morrison Home has a one year low of $53.17 and a one year high of $75.49. The business has a fifty day moving average price of $62.97 and a 200-day moving average price of $66.29. The company has a market cap of $6.16 billion, a price-to-earnings ratio of 7.31 and a beta of 2.06. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The construction company reported $2.64 EPS for the quarter, topping the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. Analysts anticipate that Taylor Morrison Home will post 8.93 earnings per share for the current year.

Insider Activity

In other Taylor Morrison Home news, Director David C. Merritt sold 2,402 shares of the business's stock in a transaction on 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 filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.50% of the company's stock.

Hedge Funds Weigh In On Taylor Morrison Home

Several institutional investors and hedge funds have recently bought and sold shares of the stock. CIBC Asset Management Inc boosted its stake in shares of Taylor Morrison Home by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company's stock valued at $202,000 after purchasing an additional 173 shares during the period. Pacer Advisors Inc. boosted its position in Taylor Morrison Home by 1.2% during the 4th quarter. Pacer Advisors Inc. now owns 15,428 shares of the construction company's stock valued at $944,000 after buying an additional 180 shares during the period. Captrust Financial Advisors grew its holdings in Taylor Morrison Home by 2.9% in the 3rd quarter. Captrust Financial Advisors now owns 8,340 shares of the construction company's stock worth $586,000 after acquiring an additional 234 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position 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 valued at $49,000 after acquiring an additional 243 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake 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 valued at $51,000 after acquiring an additional 243 shares during the last quarter. 95.16% of the stock is currently 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.