Taylor Morrison Home (NYSE:TMHC) Sets New 1-Year Low on Analyst Downgrade

Shares of Taylor Morrison Home Co. (NYSE:TMHC) hit a new 52-week low during mid-day trading on Tuesday after Barclays lowered their price target on the stock from $90.00 to $70.00. Barclays currently has an overweight rating on the stock. Taylor Morrison Home traded as low as $53.15 and last traded at $53.91, with a volume of 1327892 shares trading hands. The stock had previously closed at $56.79.

Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. lowered their price target on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. Wolfe Research raised Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 target price for the company in a research note on Wednesday, January 8th. Seaport Res Ptn raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada boosted their price objective on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.57.

Insider Buying and Selling

In other news, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Joseph Terracciano sold 1,537 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total transaction of $93,372.75. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Taylor Morrison Home

Hedge funds and other institutional investors have recently bought and sold shares of the business. Morse Asset Management Inc bought a new stake in Taylor Morrison Home in the 4th quarter valued at $29,000. V Square Quantitative Management LLC raised its position in shares of Taylor Morrison Home by 68.1% in the fourth quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company’s stock valued at $42,000 after purchasing an additional 277 shares during the period. Quarry LP lifted its stake in shares of Taylor Morrison Home by 202.1% during the 4th quarter. Quarry LP now owns 704 shares of the construction company’s stock worth $43,000 after buying an additional 471 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Taylor Morrison Home by 43.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock worth $49,000 after buying an additional 243 shares during the period. Finally, SRS Capital Advisors Inc. acquired a new position in Taylor Morrison Home in the 4th quarter valued at about $51,000. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

The company’s fifty day simple moving average is $61.60 and its two-hundred day simple moving average is $65.30. 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 stock has a market capitalization of $5.48 billion, a P/E ratio of 6.51 and a beta of 1.76.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data 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%. As a group, equities analysts forecast that Taylor Morrison Home Co. will post 8.93 EPS for the current year.

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.