Taylor Morrison Home (NYSE:TMHC) Trading Up 2%

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Taylor Morrison Home Co. (NYSE:TMHCGet Rating) shares were up 2% during mid-day trading on Monday . The stock traded as high as $25.92 and last traded at $25.86. Approximately 1,939 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 1,159,402 shares. The stock had previously closed at $25.36.

Several equities analysts have recently issued reports on TMHC shares. Barclays lowered Taylor Morrison Home from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $41.00 to $33.00 in a research note on Thursday, March 31st. StockNews.com began coverage on Taylor Morrison Home in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Wells Fargo & Company cut their price objective on Taylor Morrison Home from $28.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, June 17th. Credit Suisse Group raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating and set a $33.00 price objective on the stock in a report on Monday. Finally, JPMorgan Chase & Co. cut their price objective on Taylor Morrison Home from $35.00 to $30.00 and set an “overweight” rating on the stock in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $30.29.

The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 4.41 and a beta of 1.70. The company has a fifty day simple moving average of $26.00 and a 200 day simple moving average of $28.49. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.83 and a current ratio of 5.62.

Taylor Morrison Home (NYSE:TMHCGet Rating) last announced its earnings results on Wednesday, April 27th. The construction company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.21 by $0.23. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.65 billion. Taylor Morrison Home had a return on equity of 19.17% and a net margin of 9.53%. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.75 EPS. As a group, equities analysts predict that Taylor Morrison Home Co. will post 9.15 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in TMHC. Larson Financial Group LLC acquired a new position in Taylor Morrison Home during the 4th quarter worth about $26,000. Lazard Asset Management LLC acquired a new position in Taylor Morrison Home during the 1st quarter worth about $44,000. Covestor Ltd acquired a new position in shares of Taylor Morrison Home in the 4th quarter valued at about $54,000. Quantbot Technologies LP acquired a new position in shares of Taylor Morrison Home in the 1st quarter valued at about $77,000. Finally, Counterpoint Mutual Funds LLC acquired a new position in shares of Taylor Morrison Home in the 1st quarter valued at about $80,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

About Taylor Morrison Home (NYSE:TMHC)

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 also develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name; and offers title insurance and closing settlement services, as well as financial services.

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