Taylor Morrison Home (NYSE:TMHC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

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. “

A number of other equities research analysts have also commented on the stock. Barclays lowered shares of Taylor Morrison Home from an “equal weight” rating to a “sell” rating and lowered their price target for the company from $22.00 to $20.00 in a report on Friday, September 14th. ValuEngine lowered shares of Taylor Morrison Home from a “sell” rating to a “strong sell” rating in a report on Monday, September 17th. Citigroup reiterated a “buy” rating and set a $19.00 price target (down from $27.00) on shares of Taylor Morrison Home in a report on Monday, October 29th. Deutsche Bank lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating and lowered their price target for the company from $25.00 to $14.00 in a report on Monday, October 22nd. Finally, JMP Securities lowered shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a report on Monday, October 8th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $22.89.

Shares of Taylor Morrison Home stock traded down $0.26 during trading on Friday, reaching $18.22. The company’s stock had a trading volume of 4,789,307 shares, compared to its average volume of 2,388,076. Taylor Morrison Home has a 52-week low of $14.73 and a 52-week high of $28.25. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 9.20, a price-to-earnings-growth ratio of 0.73 and a beta of 1.18. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 7.58.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, October 31st. The construction company reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.19. Taylor Morrison Home had a net margin of 5.34% and a return on equity of 11.21%. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the company earned $0.45 EPS. The firm’s revenue was up 14.1% on a year-over-year basis. On average, equities research analysts forecast that Taylor Morrison Home will post 2.22 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of TMHC. Dimensional Fund Advisors LP raised its holdings in Taylor Morrison Home by 8.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 8,683,141 shares of the construction company’s stock worth $156,645,000 after purchasing an additional 668,689 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Taylor Morrison Home by 13.1% in the 3rd quarter. Alliancebernstein L.P. now owns 4,140,192 shares of the construction company’s stock worth $74,689,000 after purchasing an additional 480,750 shares in the last quarter. Brandes Investment Partners LP raised its holdings in Taylor Morrison Home by 23.2% in the 3rd quarter. Brandes Investment Partners LP now owns 1,290,037 shares of the construction company’s stock worth $23,272,000 after purchasing an additional 242,564 shares in the last quarter. Vanguard Group Inc. raised its holdings in Taylor Morrison Home by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 10,537,928 shares of the construction company’s stock worth $190,104,000 after purchasing an additional 197,582 shares in the last quarter. Finally, Vanguard Group Inc raised its holdings in Taylor Morrison Home by 1.9% in the 3rd quarter. Vanguard Group Inc now owns 10,537,928 shares of the construction company’s stock worth $190,104,000 after purchasing an additional 197,582 shares in the last quarter. Institutional investors and hedge funds own 93.62% of the company’s stock.

About Taylor Morrison Home

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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