Wedbush Reiterates “Neutral” Rating for Taylor Morrison Home (NYSE:TMHC)

Taylor Morrison Home (NYSE:TMHC)‘s stock had its “neutral” rating restated by Wedbush in a note issued to investors on Tuesday, Marketbeat.com reports. They currently have a $55.00 price target on the construction company’s stock. Wedbush’s price objective would suggest a potential downside of 1.87% from the company’s current price.

Other research analysts also recently issued research reports about the company. Barclays boosted their target price on Taylor Morrison Home from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, February 15th. Royal Bank of Canada upped their price target on Taylor Morrison Home from $57.00 to $61.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Seaport Res Ptn downgraded Taylor Morrison Home from a “buy” rating to a “neutral” rating in a research note on Monday, January 22nd. Zelman & Associates upgraded Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research note on Friday, April 12th. Finally, StockNews.com downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Taylor Morrison Home presently has an average rating of “Hold” and an average price target of $58.20.

Taylor Morrison Home Trading Up 0.1 %

NYSE:TMHC opened at $56.05 on Tuesday. Taylor Morrison Home has a 12-month low of $37.23 and a 12-month high of $62.64. The firm has a market capitalization of $5.97 billion, a P/E ratio of 8.03 and a beta of 1.87. The company has a debt-to-equity ratio of 0.38, a current ratio of 6.00 and a quick ratio of 1.13. The business has a 50 day simple moving average of $57.59 and a 200 day simple moving average of $51.69.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.18. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.66 billion. Taylor Morrison Home had a return on equity of 16.21% and a net margin of 10.37%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.74 EPS. Equities research analysts predict that Taylor Morrison Home will post 7.29 EPS for the current year.

Insider Buying and Selling

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 724 shares of Taylor Morrison Home stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $55.87, for a total value of $40,449.88. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CAO Joseph Terracciano sold 724 shares of Taylor Morrison Home stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $55.87, for a total transaction of $40,449.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William H. Lyon sold 20,896 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $56.01, for a total value of $1,170,384.96. Following the sale, the director now owns 2,837,020 shares of the company’s stock, valued at approximately $158,901,490.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 613,537 shares of company stock valued at $36,409,767. 3.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. SummerHaven Investment Management LLC raised its holdings in shares of Taylor Morrison Home by 1.5% during the fourth quarter. SummerHaven Investment Management LLC now owns 14,383 shares of the construction company’s stock valued at $767,000 after purchasing an additional 213 shares during the period. Meritage Portfolio Management raised its holdings in shares of Taylor Morrison Home by 2.1% during the fourth quarter. Meritage Portfolio Management now owns 10,885 shares of the construction company’s stock valued at $581,000 after purchasing an additional 229 shares during the period. CWM LLC raised its holdings in shares of Taylor Morrison Home by 17.2% during the fourth quarter. CWM LLC now owns 1,804 shares of the construction company’s stock valued at $96,000 after purchasing an additional 265 shares during the period. Resonant Capital Advisors LLC raised its holdings in shares of Taylor Morrison Home by 3.6% during the fourth quarter. Resonant Capital Advisors LLC now owns 8,135 shares of the construction company’s stock valued at $434,000 after purchasing an additional 285 shares during the period. Finally, Tectonic Advisors LLC raised its holdings in shares of Taylor Morrison Home by 1.1% during the fourth quarter. Tectonic Advisors LLC now owns 27,533 shares of the construction company’s stock valued at $1,469,000 after purchasing an additional 296 shares during the period. 95.16% of the stock is currently owned by institutional investors and hedge funds.

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.