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

Shares of Taylor Morrison Home Co. (NYSE:TMHC) gapped down before the market opened on Tuesday . The stock had previously closed at $69.89, but opened at $65.56. Taylor Morrison Home shares last traded at $65.79, with a volume of 68,796 shares traded.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Barclays upped their price target on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Raymond James reiterated an “outperform” rating and set a $84.00 target price (up from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday. Zelman & Associates raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research note on Monday, August 12th. BTIG Research boosted their price objective on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Wedbush raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $65.00 to $85.00 in a research report on Friday. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Taylor Morrison Home presently has an average rating of “Moderate Buy” and a consensus price target of $77.33.

Taylor Morrison Home Stock Performance

The company’s 50-day moving average price is $67.71 and its two-hundred day moving average price is $61.79. The company has a market capitalization of $7.19 billion, a price-to-earnings ratio of 9.41 and a beta of 1.96. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.31. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the company posted $1.62 EPS. The business’s quarterly revenue was up 26.6% on a year-over-year basis. On average, equities research analysts anticipate that Taylor Morrison Home Co. will post 8.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Taylor Morrison Home

A number of institutional investors and hedge funds have recently modified their holdings of the business. V Square Quantitative Management LLC acquired a new position in shares of Taylor Morrison Home during the 3rd quarter valued at $29,000. UMB Bank n.a. raised its holdings in shares of Taylor Morrison Home by 263.9% during the third quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock valued at $38,000 after purchasing an additional 388 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Taylor Morrison Home during the 2nd quarter worth about $31,000. Fidelis Capital Partners LLC bought a new position in shares of Taylor Morrison Home during the 1st quarter worth about $82,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Taylor Morrison Home in the 1st quarter valued at about $91,000. 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.