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

Shares of Taylor Morrison Home Co. (NYSE:TMHC) have earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $70.17.

TMHC has been the subject of several research analyst reports. Royal Bank of Canada lifted their price objective on shares of Taylor Morrison Home from $63.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. BTIG Research raised shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 price objective on the stock in a research report on Monday, August 19th. Raymond James assumed coverage on Taylor Morrison Home in a research report on Wednesday, July 24th. They issued an “outperform” rating and a $75.00 target price for the company. Barclays increased their price target on Taylor Morrison Home from $62.00 to $72.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. Finally, Zelman & Associates upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th.

Insider Activity

In related news, Director William H. Lyon sold 28,259 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $68.25, for a total value of $1,928,676.75. Following the completion of the sale, the director now directly owns 2,197,057 shares of the company’s stock, valued at approximately $149,949,140.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director William H. Lyon sold 28,259 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $68.25, for a total transaction of $1,928,676.75. Following the transaction, the director now directly owns 2,197,057 shares in the company, valued at $149,949,140.25. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William H. Lyon sold 30,000 shares of the stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $66.31, for a total transaction of $1,989,300.00. Following the completion of the sale, the director now owns 2,225,316 shares of the company’s stock, valued at approximately $147,560,703.96. The disclosure for this sale can be found here. Insiders have sold 90,072 shares of company stock worth $5,971,357 over the last 90 days. 3.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Taylor Morrison Home in the 2nd quarter worth about $168,000. Sanctuary Advisors LLC purchased a new stake in Taylor Morrison Home during the second quarter worth about $766,000. Aristides Capital LLC bought a new stake in Taylor Morrison Home in the second quarter worth about $244,000. Cetera Investment Advisers boosted its stake in Taylor Morrison Home by 38.6% in the second quarter. Cetera Investment Advisers now owns 25,446 shares of the construction company’s stock valued at $1,411,000 after acquiring an additional 7,086 shares during the last quarter. Finally, Creative Planning grew its position in shares of Taylor Morrison Home by 21.1% during the 2nd quarter. Creative Planning now owns 20,315 shares of the construction company’s stock valued at $1,126,000 after acquiring an additional 3,533 shares during the period. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

Shares of TMHC opened at $68.91 on Friday. The company has a current ratio of 6.01, a quick ratio of 0.67 and a debt-to-equity ratio of 0.39. The firm’s fifty day simple moving average is $65.35 and its two-hundred day simple moving average is $60.23. Taylor Morrison Home has a 12 month low of $37.23 and a 12 month high of $71.95. The stock has a market capitalization of $7.18 billion, a P/E ratio of 9.86 and a beta of 1.96.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, July 24th. The construction company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.91 by $0.06. Taylor Morrison Home had a return on equity of 14.99% and a net margin of 9.92%. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.87 billion. As a group, analysts predict that Taylor Morrison Home will post 8.15 EPS for the current 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.