Taylor Morrison Home (NYSE:TMHC) was upgraded by stock analysts at JMP Securities from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The firm presently has a $31.00 target price on the construction company’s stock. JMP Securities’ price objective indicates a potential upside of 23.70% from the stock’s current price.

Other analysts also recently issued reports about the company. ValuEngine downgraded Taylor Morrison Home from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 2nd. Citigroup raised shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Tuesday, January 2nd. BidaskClub cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. Barclays set a $27.00 price target on shares of Taylor Morrison Home and gave the stock a “hold” rating in a research report on Monday, January 8th. Finally, Wedbush reaffirmed a “neutral” rating and set a $27.00 price target on shares of Taylor Morrison Home in a research report on Friday, January 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $28.13.

Shares of Taylor Morrison Home (NYSE:TMHC) traded down $0.04 during trading on Thursday, hitting $25.06. The stock had a trading volume of 167,841 shares, compared to its average volume of 2,616,935. The company has a quick ratio of 0.81, a current ratio of 6.85 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $2,917.19, a P/E ratio of 13.73, a PEG ratio of 0.80 and a beta of 1.44. Taylor Morrison Home has a 12 month low of $18.41 and a 12 month high of $28.42.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, February 7th. The construction company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.07. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. Taylor Morrison Home had a return on equity of 4.18% and a net margin of 2.41%. The company’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $0.63 earnings per share. sell-side analysts expect that Taylor Morrison Home will post 1.86 earnings per share for the current year.

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

In other Taylor Morrison Home news, insider Group Holdings (Sbs) Advis Tpg sold 1,499,732 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $27.14, for a total value of $40,702,726.48. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.40% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. raised its holdings in shares of Taylor Morrison Home by 62.3% during the second quarter. Ameritas Investment Partners Inc. now owns 5,369 shares of the construction company’s stock valued at $129,000 after buying an additional 2,060 shares during the last quarter. Nordea Investment Management AB bought a new stake in shares of Taylor Morrison Home during the second quarter valued at approximately $192,000. Dean Capital Investments Management LLC bought a new stake in shares of Taylor Morrison Home during the fourth quarter valued at approximately $218,000. Victory Capital Management Inc. raised its holdings in shares of Taylor Morrison Home by 37.3% during the third quarter. Victory Capital Management Inc. now owns 10,197 shares of the construction company’s stock valued at $225,000 after buying an additional 2,768 shares during the last quarter. Finally, Optimum Investment Advisors bought a new stake in shares of Taylor Morrison Home during the third quarter valued at approximately $225,000. 57.67% of the stock is currently owned by institutional investors.

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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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