Taylor Morrison Home (TMHC) Cut to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Taylor Morrison Home (NYSE:TMHC) from a hold rating to a sell rating in a report issued on Friday morning.

According to Zacks, “Taylor Morrison Home Corporation is a homebuilder and land developer engaged in building single-family detached and attached homes for first-time buyers, move-up families to luxury and active adult customers. The company operates under the Taylor Morrison brand, Monarch brand and Darling Homes brand. It operates in Arizona, California, Colorado, Florida and Texas. Taylor Morrison Home Corporation is headquartered in Scottsdale, Arizona. “

Other equities analysts also recently issued research reports about the stock. Barclays set a $22.00 price objective on shares of Taylor Morrison Home and gave the company a hold rating in a research note on Wednesday, August 1st. JMP Securities reduced their price objective on shares of Taylor Morrison Home from $28.00 to $24.00 and set a buy rating on the stock in a research note on Thursday. ValuEngine downgraded shares of Taylor Morrison Home from a sell rating to a strong sell rating in a research note on Saturday, July 28th. Susquehanna Bancshares reduced their price objective on shares of Taylor Morrison Home from $34.00 to $30.00 and set a positive rating on the stock in a research note on Thursday. Finally, Wells Fargo & Co set a $34.00 price objective on shares of Taylor Morrison Home and gave the company a buy rating in a research note on Friday, June 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $28.00.

Shares of Taylor Morrison Home opened at $19.55 on Friday, according to Marketbeat. The company has a current ratio of 6.86, a quick ratio of 0.91 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 9.87, a price-to-earnings-growth ratio of 0.64 and a beta of 1.38. Taylor Morrison Home has a 12-month low of $18.80 and a 12-month high of $28.42.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, August 1st. The construction company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. The business had revenue of $980.83 million for the quarter, compared to the consensus estimate of $923.15 million. Taylor Morrison Home had a net margin of 3.97% and a return on equity of 8.60%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 earnings per share. equities analysts predict that Taylor Morrison Home will post 2.59 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its position in Taylor Morrison Home by 47.7% during the first quarter. BlackRock Inc. now owns 10,187,420 shares of the construction company’s stock worth $237,164,000 after purchasing an additional 3,289,728 shares during the last quarter. Donald Smith & CO. Inc. increased its position in Taylor Morrison Home by 39.2% during the first quarter. Donald Smith & CO. Inc. now owns 9,049,349 shares of the construction company’s stock worth $210,669,000 after purchasing an additional 2,546,653 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Taylor Morrison Home by 26.0% during the first quarter. Dimensional Fund Advisors LP now owns 6,847,993 shares of the construction company’s stock worth $159,421,000 after purchasing an additional 1,415,180 shares during the last quarter. Millennium Management LLC increased its position in Taylor Morrison Home by 25.2% during the first quarter. Millennium Management LLC now owns 4,556,517 shares of the construction company’s stock worth $106,076,000 after purchasing an additional 917,686 shares during the last quarter. Finally, Greenhaven Associates Inc. increased its position in Taylor Morrison Home by 7.6% during the first quarter. Greenhaven Associates Inc. now owns 2,901,638 shares of the construction company’s stock worth $67,550,000 after purchasing an additional 206,150 shares during the last quarter. 98.57% of the stock is owned by hedge funds and other institutional investors.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family detached and attached homes; and develops lifestyle and master-planned communities. It operates under the Taylor Morrison and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.

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