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

Taylor Morrison Home Co. (NYSE:TMHC) has earned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $77.33.

Several research firms have recently commented on TMHC. Royal Bank of Canada lifted their price target on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Raymond James reaffirmed an “outperform” rating and issued a $84.00 price target (up previously from $81.00) on shares of Taylor Morrison Home in a research note on Tuesday, October 29th. Wedbush raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $65.00 to $85.00 in a research report on Friday, October 25th. Zelman & Associates raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. Finally, Barclays increased their target price on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th.

Insiders Place Their Bets

In other news, Director William H. Lyon sold 9,075 shares of the business’s 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 transaction, the director now directly owns 2,136,241 shares of the company’s stock, valued at approximately $153,980,251.28. The trade was a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Darrell Sherman sold 26,757 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president now directly owns 109,217 shares in the company, valued at approximately $7,645,190. This trade represents a 19.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,337 shares of company stock worth $7,356,683 over the last three months. Company insiders own 3.50% of the company’s stock.

Institutional Trading of Taylor Morrison Home

Institutional investors have recently bought and sold shares of the business. Wedge Capital Management L L P NC boosted its holdings in shares of Taylor Morrison Home by 1,910.4% in the 2nd 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 in the last quarter. Assenagon Asset Management S.A. lifted its position in Taylor Morrison Home by 271.0% in the third quarter. Assenagon Asset Management S.A. now owns 896,032 shares of the construction company’s stock valued at $62,955,000 after acquiring an additional 654,541 shares during the last quarter. Vision Capital Corp acquired a new position in Taylor Morrison Home in the third quarter valued at $38,173,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Taylor Morrison Home by 26.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company’s stock worth $95,696,000 after purchasing an additional 282,227 shares during the last quarter. Finally, Barclays PLC increased its position in shares of Taylor Morrison Home by 66.4% during the third quarter. Barclays PLC now owns 420,419 shares of the construction company’s stock worth $29,539,000 after purchasing an additional 167,735 shares in the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Taylor Morrison Home Stock Down 0.2 %

Shares of TMHC opened at $70.02 on Friday. Taylor Morrison Home has a 52-week low of $44.32 and a 52-week high of $74.69. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37. The stock has a fifty day simple moving average of $68.88 and a two-hundred day simple moving average of $63.05. The company has a market capitalization of $7.25 billion, a PE ratio of 9.26 and a beta of 1.96.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.06 by $0.31. The firm 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 10.39% and a return on equity of 15.91%. Taylor Morrison Home’s revenue was up 26.6% compared to the same quarter last year. During the same period last year, the business earned $1.62 earnings per share. As a group, equities analysts forecast that Taylor Morrison Home will post 8.44 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.