Taylor Morrison Home (NYSE:TMHC) PT Raised to $86.00

Taylor Morrison Home (NYSE:TMHC) had its price objective raised by equities researchers at BTIG Research from $78.00 to $86.00 in a report released on Thursday, Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. BTIG Research’s target price indicates a potential upside of 25.47% from the stock’s current price.

Other equities analysts have also issued reports about the company. Royal Bank of Canada upped their target price on Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday. Raymond James assumed coverage on shares of Taylor Morrison Home in a research report on Wednesday, July 24th. They set an “outperform” rating and a $75.00 price target on the stock. Wedbush reiterated a “neutral” rating and issued a $65.00 price target on shares of Taylor Morrison Home in a research note on Wednesday. Zelman & Associates upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research note on Monday, August 12th. Finally, StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Taylor Morrison Home has a consensus rating of “Moderate Buy” and an average target price of $75.83.

Taylor Morrison Home Trading Up 0.3 %

TMHC opened at $68.54 on Thursday. The firm’s 50 day moving average is $67.58 and its 200-day moving average is $61.64. Taylor Morrison Home has a 52-week low of $37.23 and a 52-week high of $71.95. The company has a quick ratio of 0.67, a current ratio of 6.01 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $7.25 billion, a P/E ratio of 9.81 and a beta of 1.96.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.31. Taylor Morrison Home had a net margin of 9.92% and a return on equity of 14.99%. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the prior year, the company posted $1.62 EPS. The firm’s revenue for the quarter was up 26.6% on a year-over-year basis. Analysts expect that Taylor Morrison Home will post 8.15 EPS for the current fiscal year.

Insider Activity

In related news, Director William H. Lyon sold 1,741 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $68.03, for a total transaction of $118,440.23. Following the completion of the transaction, the director now owns 2,195,316 shares in the company, valued at $149,347,347.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.50% of the company’s stock.

Institutional Trading of Taylor Morrison Home

Several hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its stake in shares of Taylor Morrison Home by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 1,066,470 shares of the construction company’s stock valued at $59,125,000 after purchasing an additional 4,638 shares during the period. Assenagon Asset Management S.A. increased its position in Taylor Morrison Home by 271.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 896,032 shares of the construction company’s stock valued at $62,955,000 after acquiring an additional 654,541 shares during the period. Allspring Global Investments Holdings LLC increased its position in Taylor Morrison Home by 7.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 846,270 shares of the construction company’s stock valued at $59,459,000 after acquiring an additional 60,021 shares during the period. Wedge Capital Management L L P NC raised its stake in Taylor Morrison Home by 1.5% during the 3rd quarter. Wedge Capital Management L L P NC now owns 738,830 shares of the construction company’s stock valued at $51,910,000 after acquiring an additional 10,911 shares in the last quarter. Finally, Hodges Capital Management Inc. boosted its position in Taylor Morrison Home by 26.4% during the 2nd quarter. Hodges Capital Management Inc. now owns 447,918 shares of the construction company’s stock worth $24,833,000 after acquiring an additional 93,567 shares during the period. 95.16% of the stock is currently owned by institutional investors.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.