Analysts Set Taylor Morrison Home Co. (NYSE:TMHC) Target Price at $81.40

Taylor Morrison Home Co. (NYSE:TMHC) has earned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokers 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. Royal Bank of Canada increased their price target on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. StockNews.com upgraded shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. BTIG Research lifted their price target on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. lowered their price target on Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Barclays raised Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $75.00 to $90.00 in a research note on Wednesday.

Taylor Morrison Home Stock Performance

NYSE TMHC opened at $64.72 on Wednesday. The stock has a market capitalization of $6.70 billion, a price-to-earnings ratio of 8.56 and a beta of 1.97. The business’s 50 day moving average is $69.88 and its two-hundred day moving average is $64.76. Taylor Morrison Home has a 12-month low of $49.98 and a 12-month high of $75.49. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37.

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 analysts’ consensus estimates 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 firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the prior year, the company posted $1.62 earnings per share. Taylor Morrison Home’s quarterly revenue was up 26.6% on a year-over-year basis. Research analysts expect that Taylor Morrison Home will post 8.44 EPS for the current year.

Insider Transactions at Taylor Morrison Home

In related news, Director William H. Lyon sold 9,075 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $72.08, for a total value of $654,126.00. Following the completion of the transaction, the director now 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Darrell Sherman sold 68,433 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $70.50, for a total transaction of $4,824,526.50. Following the sale, the executive vice president now directly owns 109,217 shares in the company, valued at $7,699,798.50. This represents a 38.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 128,621 shares of company stock valued at $9,164,869 in the last ninety days. Corporate insiders own 3.50% of the company’s stock.

Institutional Trading of Taylor Morrison Home

Several hedge funds and other institutional investors have recently bought and sold shares of TMHC. Wedge Capital Management L L P NC increased its stake in shares of Taylor Morrison Home by 1,910.4% during 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 acquiring an additional 691,711 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings 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 purchasing an additional 654,541 shares during the period. Vision Capital Corp purchased a new stake in Taylor Morrison Home in the third quarter valued at approximately $38,173,000. Charles Schwab Investment Management Inc. increased its position in 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 raised its stake in 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 during the period. 95.16% of the stock is owned by hedge funds and other institutional investors.

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.