Taylor Morrison Home (NYSE:TMHC) Lowered to “Hold” Rating by Barclays

Barclays downgraded shares of Taylor Morrison Home (NYSE:TMHC) from a strong-buy rating to a hold rating in a research report sent to investors on Tuesday,Zacks.com reports.

TMHC has been the subject of several other research reports. Royal Bank Of Canada downgraded shares of Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and boosted their target price for the company from $69.00 to $72.50 in a research note on Tuesday, June 2nd. Seaport Research Partners reaffirmed a “sell” rating and set a $49.00 price target (down from $85.00) on shares of Taylor Morrison Home in a research note on Tuesday, April 7th. Citigroup downgraded shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a report on Monday, June 1st. Weiss Ratings lowered shares of Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Finally, Raymond James Financial downgraded shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research note on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Taylor Morrison Home has a consensus rating of “Hold” and an average target price of $77.43.

Taylor Morrison Home Stock Performance

Taylor Morrison Home stock opened at $71.94 on Tuesday. 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 stock has a fifty day moving average of $66.78 and a two-hundred day moving average of $63.57. The company has a market capitalization of $6.72 billion, a price-to-earnings ratio of 10.74, a PEG ratio of 1.69 and a beta of 1.44. Taylor Morrison Home has a fifty-two week low of $54.15 and a fifty-two week high of $72.50.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data 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. Taylor Morrison Home had a return on equity of 11.48% and a net margin of 8.77%.The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the business earned $2.07 earnings per share. The business’s revenue was down 26.8% on a year-over-year basis. On average, analysts anticipate that Taylor Morrison Home will post 5.26 EPS for the current fiscal year.

Institutional Trading of Taylor Morrison Home

A number of hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its holdings in Taylor Morrison Home by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,401,801 shares of the construction company’s stock valued at $376,876,000 after buying an additional 57,326 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Taylor Morrison Home by 67.6% during the 4th quarter. AQR Capital Management LLC now owns 3,710,885 shares of the construction company’s stock worth $218,274,000 after acquiring an additional 1,497,329 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Taylor Morrison Home by 96.1% in the first quarter. Assenagon Asset Management S.A. now owns 2,554,498 shares of the construction company’s stock worth $148,774,000 after acquiring an additional 1,251,558 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of Taylor Morrison Home by 2.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,398,394 shares of the construction company’s stock worth $141,194,000 after acquiring an additional 60,236 shares during the last quarter. Finally, Morgan Stanley boosted its position in shares of Taylor Morrison Home by 10.4% in the fourth quarter. Morgan Stanley now owns 1,973,433 shares of the construction company’s stock worth $116,176,000 after acquiring an additional 185,381 shares during the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

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.