Taylor Morrison Home Co. (NYSE:TMHC) Receives Consensus Rating of “Moderate Buy” from Brokerages

Taylor Morrison Home Co. (NYSE:TMHC) has been given an average rating of “Moderate Buy” by the eight brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $85.33.

TMHC has been the subject of a number of research analyst reports. JPMorgan Chase & Co. dropped 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, December 13th. Royal Bank of Canada lifted their target price on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. StockNews.com raised shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. Raymond James reaffirmed an “outperform” rating and set a $84.00 price objective (up from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. Finally, Barclays upgraded Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $75.00 to $90.00 in a report on Wednesday, December 11th.

Taylor Morrison Home Stock Performance

Shares of NYSE:TMHC opened at $61.11 on Friday. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average price of $67.73 and a 200-day moving average price of $65.31. The company has a market cap of $6.32 billion, a price-to-earnings ratio of 8.08 and a beta of 2.01. Taylor Morrison Home has a 12 month low of $50.00 and a 12 month high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last released 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 business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $1.96 billion. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. Taylor Morrison Home’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.62 EPS. As a group, equities analysts anticipate that Taylor Morrison Home will post 8.44 EPS for the current year.

Insider Buying and Selling at Taylor Morrison Home

In related news, Director William H. Lyon sold 24,284 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the sale, the director now directly owns 2,045,316 shares of the company’s stock, valued at approximately $152,294,229.36. This represents a 1.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Darrell Sherman sold 26,757 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $70.00, for a total transaction of $1,872,990.00. Following the sale, the executive vice president now owns 109,217 shares of the company’s stock, valued at approximately $7,645,190. This represents a 19.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 128,549 shares of company stock valued at $9,159,829. Corporate insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Taylor Morrison Home

A number of institutional investors have recently made changes to their positions in the company. MQS Management LLC bought a new position in Taylor Morrison Home in the 3rd quarter valued at approximately $768,000. Lord Abbett & CO. LLC lifted its holdings in shares of Taylor Morrison Home by 2.5% during the third quarter. Lord Abbett & CO. LLC now owns 463,287 shares of the construction company’s stock valued at $32,550,000 after purchasing an additional 11,302 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Taylor Morrison Home by 3.5% during the third quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock valued at $144,144,000 after buying an additional 69,222 shares during the last quarter. Intech Investment Management LLC bought a new stake in Taylor Morrison Home in the 3rd quarter worth about $1,899,000. Finally, Creative Planning raised its position in Taylor Morrison Home by 46.3% in the 3rd quarter. Creative Planning now owns 29,723 shares of the construction company’s stock worth $2,088,000 after buying an additional 9,408 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

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.