Taylor Morrison Home (NYSE:TMHC) Stock Rating Lowered by Truist Financial

Taylor Morrison Home (NYSE:TMHC) was downgraded by analysts at Truist Financial from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Several other analysts have also issued reports on TMHC. Seaport Research Partners restated a “sell” rating and set a $49.00 target price (down from $85.00) on shares of Taylor Morrison Home in a research report on Tuesday, April 7th. Wolfe Research restated an “outperform” rating and set a $76.00 target price on shares of Taylor Morrison Home in a research report on Thursday, April 23rd. Barclays boosted their target price on shares of Taylor Morrison Home from $68.00 to $69.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Royal Bank Of Canada lowered shares of Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from $69.00 to $72.50 in a research report on Tuesday. Finally, Citigroup lowered shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research report on Monday. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $76.86.

Taylor Morrison Home Stock Performance

Shares of NYSE TMHC opened at $71.51 on Monday. The firm has a 50 day moving average of $59.37 and a 200 day moving average of $61.23. The company has a current ratio of 7.66, a quick ratio of 1.45 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $6.68 billion, a price-to-earnings ratio of 10.67, a price-to-earnings-growth ratio of 1.65 and a beta of 1.47. Taylor Morrison Home has a 12-month low of $54.15 and a 12-month high of $72.50.

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

Hedge Funds Weigh In On Taylor Morrison Home

Hedge funds have recently modified their holdings of the company. Penn Capital Management Company LLC bought a new position in shares of Taylor Morrison Home in the third quarter worth approximately $13,201,000. JPMorgan Chase & Co. boosted its position in shares of Taylor Morrison Home by 39.1% during the third quarter. JPMorgan Chase & Co. now owns 777,353 shares of the construction company’s stock worth $51,313,000 after acquiring an additional 218,514 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in shares of Taylor Morrison Home during the third quarter worth $1,737,000. Assetmark Inc. boosted its position in shares of Taylor Morrison Home by 2.7% during the fourth quarter. Assetmark Inc. now owns 797,997 shares of the construction company’s stock worth $46,978,000 after acquiring an additional 21,150 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Taylor Morrison Home by 521.5% during the fourth quarter. SG Americas Securities LLC now owns 21,590 shares of the construction company’s stock worth $1,271,000 after acquiring an additional 18,116 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors.

Trending Headlines about Taylor Morrison Home

Here are the key news stories impacting Taylor Morrison Home this week:

• Positive Sentiment: Berkshire Hathaway agreed to acquire Taylor Morrison Home Corp. for $72.50 per share in cash, valuing the deal at about $6.8 billion to $8.5 billion and representing roughly a 24% premium, which is the main reason the stock jumped. Article Title
• Positive Sentiment: The deal effectively puts a floor under TMHC shares and turns the stock into a merger-arbitrage story, with investors focused on closing risk rather than homebuilding fundamentals. Article Title
• Neutral Sentiment: Several law firms, including KSF, Ademi LLP, and Halper Sadeh, have launched investigations into whether Taylor Morrison shareholders are receiving a fair price and whether the sale process was adequate, which could create some headlines but does not change the announced offer today. Article Title
• Neutral Sentiment: Some commentary suggests Berkshire’s purchase validates the broader U.S. housing market and could lift sentiment across homebuilders, but that is a second-order effect for TMHC now that a buyout is in place. Article Title
• Negative Sentiment: Citizens JMP downgraded Taylor Morrison to “hold,” which is a mild headwind, though it is overshadowed by the acquisition announcement. Article Title

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.