FBR & Co. issues ” Mkt Perform” Rating on Taylor Morrison Home Corp (TMHC)

Taylor Morrison Home Corp (TMHC) was Downgraded by FBR & Co. to ” Mkt Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 21 from a previous price target of $20 . Earlier the firm had a rating of “Outperform ” on the company shares. FBR & Co. advised their Clients and Investors in a research report released on Feb 14, 2017.

On the company’s financial health, Taylor Morrison Home Corp reported $0.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jan 30, 2017. Analyst had a consensus of $0.59. The company had revenue of $1197.00 million for the quarter, compared to analysts expectations of $1066.12 million. The company’s revenue was up 23.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.

Several company insiders have filed Insider transactions , on Feb 10, 2016, Anne L Mariucci (director) purchased 8,925 shares at $11.27 per share price. According to the SEC, on Feb 10, 2016, Joseph Terracciano (Chief Accounting Officer) purchased 51 shares at $11.75 per share price. On Feb 10, 2016, Sheryl Palmer (CEO) purchased 7,500 shares at $11.35 per share price, according to the Form-4 filing with the securities and exchange commission.

Taylor Morrison Home Corp opened for trading at $18.73 and hit $19.24 on the upside on Friday, eventually ending the session at $19.04, with a gain of 2.09% or 0.39 points. The heightened volatility saw the trading volume jump to 14,95,604 shares. Company has a market cap of $2,493 M.

Taylor Morrison Home Corporation (Taylor Morrison) is a real estate development company. Its business is organized into ten homebuilding operating divisions which are aggregated into two homebuilding segments East and West and a mortgage and financial services segment Mortgage Operations. These segments are engaged in the business of acquiring and developing land constructing homes marketing and selling those homes and providing warranty and customer service. It provides residential homebuilding and the development of lifestyle communities with operations geographically focused in Arizona California Colorado Florida and Texas. It operates under the Taylor Morrison and Darling Homes brand names in the United States. It provides financial services to customers through its wholly owned mortgage subsidiary Taylor Morrison Home Funding LLC (TMHF).

Taylor Morrison Home Corp

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