Taylor Morrison Home (NYSE:TMHC) Upgraded at Wolfe Research

Taylor Morrison Home (NYSE:TMHC) was upgraded by Wolfe Research from a “peer perform” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The brokerage presently has a $76.00 price target on the construction company’s stock. Wolfe Research’s target price points to a potential upside of 24.77% from the stock’s previous close.

A number of other research firms have also recently issued reports on TMHC. Raymond James reiterated 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. JPMorgan Chase & Co. lowered their price target on shares of Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, December 13th. StockNews.com raised Taylor Morrison Home from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. Royal Bank of Canada upped their target price on Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, BTIG Research increased their target price on Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $84.00.

Taylor Morrison Home Stock Up 1.5 %

NYSE TMHC opened at $60.91 on Wednesday. The business has a fifty day moving average price of $67.03 and a two-hundred day moving average price of $65.47. The stock has a market capitalization of $6.30 billion, a PE ratio of 8.06 and a beta of 2.01. Taylor Morrison Home has a fifty-two week low of $50.68 and a fifty-two week high of $75.49. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69.

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

Insider Transactions at Taylor Morrison Home

In other Taylor Morrison Home news, Director William H. Lyon sold 9,075 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $72.08, for a total transaction of $654,126.00. Following the completion of the sale, the director now directly owns 2,136,241 shares in the company, valued at approximately $153,980,251.28. This trade represents a 0.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Darrell Sherman sold 26,757 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $70.00, for a total value of $1,872,990.00. Following the completion of the transaction, the executive vice president now directly owns 109,217 shares in the company, valued at $7,645,190. This represents a 19.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 128,549 shares of company stock worth $9,159,829 over the last ninety days. 3.50% of the stock is owned by insiders.

Institutional Trading of Taylor Morrison Home

Several hedge funds have recently modified their holdings of the stock. Range Financial Group LLC acquired a new stake in Taylor Morrison Home in the fourth quarter worth $307,000. Nordea Investment Management AB grew its stake in shares of Taylor Morrison Home by 2.0% in the 4th quarter. Nordea Investment Management AB now owns 138,871 shares of the construction company’s stock valued at $8,529,000 after buying an additional 2,760 shares during the period. Principal Financial Group Inc. increased its position in Taylor Morrison Home by 3.5% in the 3rd 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 in the last quarter. Lord Abbett & CO. LLC raised its stake in Taylor Morrison Home by 2.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 463,287 shares of the construction company’s stock worth $32,550,000 after buying an additional 11,302 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in Taylor Morrison Home by 15.3% in the third quarter. Franklin Resources Inc. now owns 618,360 shares of the construction company’s stock worth $42,345,000 after acquiring an additional 81,841 shares in the last quarter. 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.