Taylor Morrison Home Co. (NYSE:TMHC) Receives Average Recommendation of “Moderate Buy” from Analysts

Taylor Morrison Home Co. (NYSE:TMHC) has earned an average rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $85.33.

Several brokerages have weighed in on TMHC. Raymond James reaffirmed an “outperform” rating and set a $84.00 price target (up previously from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. BTIG Research lifted their target price on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. cut their price target on Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday. Wedbush upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $65.00 to $85.00 in a research report on Friday, October 25th. Finally, Barclays raised Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $75.00 to $90.00 in a research note on Wednesday, December 11th.

Insider Activity

In other Taylor Morrison Home news, EVP Darrell Sherman sold 68,433 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $70.50, for a total transaction of $4,824,526.50. Following the transaction, the executive vice president now directly owns 109,217 shares of the company’s stock, valued at $7,699,798.50. This trade represents a 38.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William H. Lyon sold 9,075 shares of Taylor Morrison Home stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $72.08, for a total value of $654,126.00. Following the completion of the sale, the director now owns 2,136,241 shares in the company, valued at approximately $153,980,251.28. The trade was a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 128,621 shares of company stock valued at $9,164,869. Company insiders own 3.50% of the company’s stock.

Institutional Trading of Taylor Morrison Home

Several large investors have recently added to or reduced their stakes in TMHC. MQS Management LLC acquired a new position in shares of Taylor Morrison Home in the 3rd quarter valued at $768,000. Wedge Capital Management L L P NC lifted its position in Taylor Morrison Home by 1,910.4% in the second quarter. Wedge Capital Management L L P NC now owns 727,919 shares of the construction company’s stock valued at $40,356,000 after buying an additional 691,711 shares during the last quarter. Intech Investment Management LLC purchased a new position in Taylor Morrison Home during the third quarter worth about $1,899,000. Creative Planning increased its position in shares of Taylor Morrison Home by 46.3% during the third quarter. Creative Planning now owns 29,723 shares of the construction company’s stock valued at $2,088,000 after acquiring an additional 9,408 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Taylor Morrison Home by 18.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 786,249 shares of the construction company’s stock valued at $43,590,000 after acquiring an additional 122,864 shares during the period. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Taylor Morrison Home Trading Down 3.6 %

TMHC opened at $64.72 on Wednesday. The stock has a market cap of $6.70 billion, a PE ratio of 8.56 and a beta of 1.97. The business has a 50 day moving average of $69.82 and a 200-day moving average of $64.87. Taylor Morrison Home has a 52 week low of $49.98 and a 52 week high of $75.49. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.31. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The business’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.62 earnings per share. Equities research analysts predict that Taylor Morrison Home will post 8.44 earnings per share for the current fiscal year.

About Taylor Morrison Home

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.