Taylor Morrison Home (NYSE:TMHC) Stock Price Up 19.6%

Taylor Morrison Home Corp (NYSE:TMHC)’s stock price rose 19.6% during mid-day trading on Wednesday . The stock traded as high as $10.02 and last traded at $11.98, approximately 163,883 shares changed hands during mid-day trading. A decline of 96% from the average daily volume of 4,293,335 shares. The stock had previously closed at $10.02.

TMHC has been the subject of several analyst reports. JPMorgan Chase & Co. cut Taylor Morrison Home from an “overweight” rating to a “neutral” rating and set a $10.00 target price for the company. in a report on Wednesday, March 18th. ValuEngine cut Taylor Morrison Home from a “sell” rating to a “strong sell” rating in a report on Wednesday, February 26th. Royal Bank of Canada reiterated a “buy” rating and set a $18.00 price target on shares of Taylor Morrison Home in a report on Thursday. Zacks Investment Research cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Thursday, January 2nd. Finally, Barclays reiterated a “hold” rating and set a $18.00 price target on shares of Taylor Morrison Home in a report on Tuesday, March 17th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. Taylor Morrison Home has a consensus rating of “Hold” and an average target price of $20.75.

The firm has a market capitalization of $1.62 billion, a PE ratio of 5.05 and a beta of 0.78. The company has a current ratio of 6.76, a quick ratio of 0.73 and a debt-to-equity ratio of 0.78. The business has a fifty day moving average price of $20.93 and a two-hundred day moving average price of $23.42.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, February 5th. The construction company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.08. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Taylor Morrison Home had a return on equity of 12.86% and a net margin of 5.35%. The company’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.86 EPS. On average, equities analysts forecast that Taylor Morrison Home Corp will post 3.05 earnings per share for the current fiscal year.

In related news, Director Peter R. Lane sold 31,848 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $26.59, for a total transaction of $846,838.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sheryl Palmer sold 50,000 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $28.07, for a total value of $1,403,500.00. Following the transaction, the chief executive officer now directly owns 221,773 shares in the company, valued at approximately $6,225,168.11. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,107 shares of company stock worth $2,810,087. 1.90% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of TMHC. Pacitti Group Inc. acquired a new position in Taylor Morrison Home during the 4th quarter worth about $28,000. Nisa Investment Advisors LLC raised its position in Taylor Morrison Home by 123.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,340 shares of the construction company’s stock valued at $29,000 after purchasing an additional 740 shares in the last quarter. US Bancorp DE raised its position in Taylor Morrison Home by 54.1% in the 4th quarter. US Bancorp DE now owns 1,435 shares of the construction company’s stock valued at $31,000 after purchasing an additional 504 shares in the last quarter. Valeo Financial Advisors LLC acquired a new stake in Taylor Morrison Home in the 4th quarter valued at about $44,000. Finally, Tower Research Capital LLC TRC acquired a new stake in Taylor Morrison Home in the 3rd quarter valued at about $107,000. 82.11% of the stock is currently owned by hedge funds and other institutional investors.

About Taylor Morrison Home (NYSE:TMHC)

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family and multi-family attached and detached 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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