Taylor Morrison Home (NYSE:TMHC) Upgraded by Seaport Res Ptn to Hold Rating

Seaport Res Ptn upgraded shares of Taylor Morrison Home (NYSE:TMHC) from a strong sell rating to a hold rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other analysts have also recently commented on the stock. 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 research note on Wednesday, January 8th. StockNews.com cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. 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. Royal Bank of Canada boosted their price target on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Finally, Barclays upgraded shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $75.00 to $90.00 in a research note 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 company currently has an average rating of “Moderate Buy” and an average target price of $82.43.

Taylor Morrison Home Trading Up 1.4 %

Shares of Taylor Morrison Home stock opened at $62.32 on Thursday. The company has a market capitalization of $6.34 billion, a P/E ratio of 7.53 and a beta of 2.03. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. The company has a fifty day moving average of $62.95 and a 200 day moving average of $66.30. Taylor Morrison Home has a fifty-two week low of $53.17 and a fifty-two week high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share 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%. On average, sell-side analysts anticipate that Taylor Morrison Home will post 8.93 earnings per share for the current fiscal year.

Insider Activity

In related news, Director David C. Merritt sold 2,402 shares of the 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. Corporate insiders own 3.50% of the company’s stock.

Institutional Trading of Taylor Morrison Home

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TMHC. Harbor Capital Advisors Inc. purchased a new stake in Taylor Morrison Home in the 3rd quarter worth about $34,000. Asset Management One Co. Ltd. purchased a new stake in Taylor Morrison Home in the 3rd quarter worth about $947,000. QRG Capital Management Inc. raised its position in Taylor Morrison Home by 40.5% in the 3rd quarter. QRG Capital Management Inc. now owns 16,048 shares of the construction company’s stock worth $1,128,000 after purchasing an additional 4,625 shares during the period. Principal Financial Group Inc. raised its position in Taylor Morrison Home by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock worth $144,144,000 after purchasing an additional 69,222 shares during the period. Finally, AIA Group Ltd raised its position in Taylor Morrison Home by 94.1% in the 3rd quarter. AIA Group Ltd now owns 7,548 shares of the construction company’s stock worth $530,000 after purchasing an additional 3,659 shares during the period. 95.16% of the stock is owned by hedge funds and other 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.