Taylor Morrison Home’s (NYSE:TMHC) Neutral Rating Reiterated at Wedbush

Taylor Morrison Home (NYSE:TMHC)‘s stock had its “neutral” rating reiterated by equities research analysts at Wedbush in a research note issued on Friday, January 12th. They presently have a $27.00 price target on the construction company’s stock. Wedbush’s price target indicates a potential downside of 2.67% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the company. ValuEngine cut Taylor Morrison Home from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 2nd. BidaskClub lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. B. Riley reissued a “neutral” rating on shares of Taylor Morrison Home in a report on Thursday, November 2nd. Citigroup raised Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Tuesday, January 2nd. Finally, Susquehanna Bancshares raised Taylor Morrison Home from a “neutral” rating to a “positive” rating in a report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. Taylor Morrison Home has a consensus rating of “Hold” and an average target price of $27.57.

Shares of Taylor Morrison Home (TMHC) traded up $0.40 during mid-day trading on Friday, hitting $27.74. The company’s stock had a trading volume of 1,724,630 shares, compared to its average volume of 2,216,470. Taylor Morrison Home has a twelve month low of $18.26 and a twelve month high of $28.42. The stock has a market cap of $3,316.51, a PE ratio of 14.91, a price-to-earnings-growth ratio of 0.92 and a beta of 1.47. The company has a quick ratio of 0.81, a current ratio of 6.85 and a debt-to-equity ratio of 0.63.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, November 1st. The construction company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. The firm had revenue of $908.00 million during the quarter, compared to analysts’ expectations of $914.19 million. Taylor Morrison Home had a return on equity of 4.18% and a net margin of 2.41%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 EPS. analysts forecast that Taylor Morrison Home will post 1.86 EPS for the current fiscal year.

Taylor Morrison Home declared that its Board of Directors has initiated a share repurchase program on Wednesday, January 3rd that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

In related news, insider Group Holdings (Sbs) Advis Tpg sold 1,499,732 shares of Taylor Morrison Home stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $27.14, for a total transaction of $40,702,726.48. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider C. David Cone sold 35,000 shares of Taylor Morrison Home stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $23.79, for a total value of $832,650.00. Following the transaction, the insider now owns 42,511 shares in the company, valued at approximately $1,011,336.69. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Great West Life Assurance Co. Can increased its stake in Taylor Morrison Home by 52.9% during the second quarter. Great West Life Assurance Co. Can now owns 6,882 shares of the construction company’s stock worth $165,000 after acquiring an additional 2,382 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Taylor Morrison Home by 79.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 371,160 shares of the construction company’s stock worth $8,912,000 after acquiring an additional 164,563 shares during the last quarter. Rhumbline Advisers increased its stake in Taylor Morrison Home by 56.8% during the second quarter. Rhumbline Advisers now owns 65,577 shares of the construction company’s stock worth $1,575,000 after acquiring an additional 23,752 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Taylor Morrison Home during the second quarter worth $184,000. Finally, Bank of New York Mellon Corp increased its stake in Taylor Morrison Home by 25.6% during the second quarter. Bank of New York Mellon Corp now owns 315,964 shares of the construction company’s stock worth $7,586,000 after acquiring an additional 64,337 shares during the last quarter. Hedge funds and other institutional investors own 59.04% of the company’s stock.

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About Taylor Morrison Home

Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).

Analyst Recommendations for Taylor Morrison Home (NYSE:TMHC)

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