Taylor Morrison Home Co. (NYSE:TMHC) Receives $70.17 Average PT from Brokerages

Shares of Taylor Morrison Home Co. (NYSE:TMHC) have been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $72.50.

A number of analysts have commented on TMHC shares. Barclays lifted their price target on Taylor Morrison Home from $72.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday. Wedbush reaffirmed a “neutral” rating and set a $65.00 target price on shares of Taylor Morrison Home in a report on Wednesday. Zelman & Associates upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. StockNews.com upgraded shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Royal Bank of Canada increased their price objective on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday.

Insider Activity

In other Taylor Morrison Home news, Director William H. Lyon sold 1,741 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $68.03, for a total value of $118,440.23. Following the completion of the transaction, the director now owns 2,195,316 shares in the company, valued at approximately $149,347,347.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TMHC. State of Alaska Department of Revenue raised its position in shares of Taylor Morrison Home by 4.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 12,108 shares of the construction company’s stock worth $850,000 after purchasing an additional 505 shares during the last quarter. Highland Capital Management LLC raised its holdings in shares of Taylor Morrison Home by 11.3% during the third quarter. Highland Capital Management LLC now owns 4,250 shares of the construction company’s stock valued at $299,000 after acquiring an additional 431 shares during the last quarter. Ballentine Partners LLC purchased a new position in shares of Taylor Morrison Home in the third quarter valued at approximately $202,000. Tectonic Advisors LLC boosted its stake in shares of Taylor Morrison Home by 3.3% in the third quarter. Tectonic Advisors LLC now owns 23,575 shares of the construction company’s stock worth $1,656,000 after acquiring an additional 746 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Taylor Morrison Home by 271.0% during the third quarter. Assenagon Asset Management S.A. now owns 896,032 shares of the construction company’s stock worth $62,955,000 after purchasing an additional 654,541 shares in the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Price Performance

Shares of TMHC stock opened at $68.36 on Tuesday. The firm has a market capitalization of $7.23 billion, a price-to-earnings ratio of 9.78 and a beta of 1.96. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.67 and a current ratio of 6.01. The stock’s 50-day simple moving average is $67.44 and its 200-day simple moving average is $61.57. Taylor Morrison Home has a fifty-two week low of $37.23 and a fifty-two week high of $71.95.

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

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.