Taylor Morrison Home Corp (TMHC) Upgraded to “Sell” at BidaskClub

BidaskClub upgraded shares of Taylor Morrison Home Corp (NASDAQ:TMHC) from a strong sell rating to a sell rating in a research note published on Tuesday.

A number of other research analysts have also weighed in on TMHC. Deutsche Bank AG raised their price target on shares of Taylor Morrison Home Corp from $25.00 to $27.00 and gave the company a buy rating in a research report on Monday, August 7th. Zacks Investment Research lowered shares of Taylor Morrison Home Corp from a buy rating to a hold rating in a research report on Saturday, August 5th. Finally, ValuEngine raised shares of Taylor Morrison Home Corp from a buy rating to a strong-buy rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $23.00.

Taylor Morrison Home Corp (NASDAQ TMHC) opened at 21.00 on Tuesday. The stock’s 50 day moving average is $21.63 and its 200 day moving average is $22.41. Taylor Morrison Home Corp has a 1-year low of $15.82 and a 1-year high of $24.79. The firm has a market capitalization of $1.52 billion and a price-to-earnings ratio of 12.64.

Taylor Morrison Home Corp (NASDAQ:TMHC) last released its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.08. Taylor Morrison Home Corp had a net margin of 6.16% and a return on equity of 9.57%. The company had revenue of $908.49 million for the quarter, compared to analyst estimates of $849.70 million. During the same period last year, the firm earned $0.37 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. Analysts predict that Taylor Morrison Home Corp will post $1.94 EPS for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in TMHC. Teachers Advisors LLC raised its position in Taylor Morrison Home Corp by 7.6% in the fourth quarter. Teachers Advisors LLC now owns 53,122 shares of the construction company’s stock worth $1,023,000 after acquiring an additional 3,771 shares during the period. Nationwide Fund Advisors raised its position in Taylor Morrison Home Corp by 68.8% in the first quarter. Nationwide Fund Advisors now owns 117,516 shares of the construction company’s stock worth $2,505,000 after acquiring an additional 47,878 shares during the period. Shell Asset Management Co. bought a new stake in Taylor Morrison Home Corp in the first quarter worth about $541,000. Russell Investments Group Ltd. raised its position in Taylor Morrison Home Corp by 1,170.8% in the first quarter. Russell Investments Group Ltd. now owns 67,135 shares of the construction company’s stock worth $1,431,000 after acquiring an additional 61,852 shares during the period. Finally, Wells Fargo & Company MN raised its position in Taylor Morrison Home Corp by 7.5% in the first quarter. Wells Fargo & Company MN now owns 594,965 shares of the construction company’s stock worth $12,685,000 after acquiring an additional 41,700 shares during the period.

Taylor Morrison Home Corp Company Profile

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 Corp (NASDAQ:TMHC)

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