Taylor Morrison Home (NYSE:TMHC) Downgraded by Zacks Research to Strong Sell

Taylor Morrison Home (NYSE:TMHC) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Thursday,Zacks.com reports.

TMHC has been the subject of several other reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Taylor Morrison Home in a report on Monday, December 29th. Bank of America reaffirmed a “neutral” rating and set a $70.00 price target (up from $68.00) on shares of Taylor Morrison Home in a research note on Friday, January 16th. Citigroup started coverage on Taylor Morrison Home in a research note on Wednesday, January 7th. They issued an “outperform” rating for the company. Barclays restated an “overweight” rating and issued a $71.00 price objective on shares of Taylor Morrison Home in a report on Monday, December 8th. Finally, Wedbush reiterated an “outperform” rating and issued a $85.00 target price on shares of Taylor Morrison Home in a research note on Thursday, October 23rd. Eight investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Taylor Morrison Home currently has a consensus rating of “Moderate Buy” and an average price target of $77.14.

Taylor Morrison Home Stock Performance

TMHC stock opened at $62.21 on Thursday. The firm has a 50 day simple moving average of $61.31 and a 200 day simple moving average of $63.30. Taylor Morrison Home has a 52 week low of $51.90 and a 52 week high of $72.50. The stock has a market cap of $6.08 billion, a P/E ratio of 7.50 and a beta of 1.59. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.02 and a current ratio of 7.02.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, October 22nd. The construction company reported $2.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.18. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.03 billion. Taylor Morrison Home had a net margin of 10.16% and a return on equity of 15.23%. The company’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.40 EPS. Research analysts anticipate that Taylor Morrison Home will post 8.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Taylor Morrison Home

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in Taylor Morrison Home during the second quarter valued at approximately $93,627,000. Alliancebernstein L.P. boosted its holdings in shares of Taylor Morrison Home by 360.1% during the 3rd quarter. Alliancebernstein L.P. now owns 1,284,221 shares of the construction company’s stock worth $84,771,000 after buying an additional 1,005,116 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Taylor Morrison Home by 73.8% during the 3rd quarter. AQR Capital Management LLC now owns 2,213,556 shares of the construction company’s stock worth $146,117,000 after buying an additional 940,138 shares during the period. Long Pond Capital LP grew its stake in Taylor Morrison Home by 132.4% in the 2nd quarter. Long Pond Capital LP now owns 1,561,586 shares of the construction company’s stock valued at $95,913,000 after buying an additional 889,616 shares during the last quarter. Finally, Freestone Grove Partners LP bought a new position in Taylor Morrison Home in the 3rd quarter worth $56,894,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Taylor Morrison Home Company Profile

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.