Taylor Morrison Home (NYSE:TMHC) Sees Unusually-High Trading Volume – Should You Buy?

Taylor Morrison Home Corporation (NYSE:TMHC) saw unusually-high trading volume on Wednesday . Approximately 1,214,873 shares were traded during trading, a decline of 18% from the previous session’s volume of 1,474,853 shares.The stock last traded at $71.60 and had previously closed at $71.50.

Analyst Upgrades and Downgrades

TMHC has been the topic of a number of research analyst reports. Barclays boosted their price objective on shares of Taylor Morrison Home from $68.00 to $69.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Wolfe Research reissued an “outperform” rating and set a $76.00 price objective on shares of Taylor Morrison Home in a report on Thursday, April 23rd. Zacks Research raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 22nd. Bank of America dropped their price objective on shares of Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Finally, Truist Financial lowered their price target on shares of Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating on the stock in a report on Monday. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $76.86.

Taylor Morrison Home Stock Performance

The firm’s 50 day moving average price is $60.15 and its 200-day moving average price is $61.47. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.45 and a current ratio of 7.66. The firm has a market capitalization of $6.68 billion, a PE ratio of 10.67, a price-to-earnings-growth ratio of 1.65 and a beta of 1.47.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, April 22nd. The construction company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.30. Taylor Morrison Home had a net margin of 8.77% and a return on equity of 11.48%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the company posted $2.07 EPS. The company’s revenue for the quarter was down 26.8% on a year-over-year basis. On average, research analysts expect that Taylor Morrison Home Corporation will post 5.36 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TMHC. Miller Capital Partners Inc. acquired a new position in shares of Taylor Morrison Home during the 4th quarter worth about $27,000. Pinnacle Holdings LLC acquired a new position in shares of Taylor Morrison Home during the 3rd quarter worth about $32,000. Brown Brothers Harriman & Co. acquired a new position in shares of Taylor Morrison Home during the 4th quarter worth about $33,000. Root Financial Partners LLC raised its position in shares of Taylor Morrison Home by 65.7% during the 1st quarter. Root Financial Partners LLC now owns 638 shares of the construction company’s stock worth $37,000 after purchasing an additional 253 shares during the last quarter. Finally, Huntington National Bank raised its position in shares of Taylor Morrison Home by 2,074.1% during the 3rd quarter. Huntington National Bank now owns 587 shares of the construction company’s stock worth $39,000 after purchasing an additional 560 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

About Taylor Morrison Home

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company’s portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company’s heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.