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

Taylor Morrison Home Co. (NYSE:TMHC) has been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $82.43.

TMHC has been the subject of several research reports. StockNews.com cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Wolfe Research raised shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 target price on the stock in a research note on Wednesday, January 8th. Seaport Res Ptn raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. Royal Bank of Canada lifted their price target on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. lowered their price objective on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th.

Insider Activity

In other news, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total value of $93,372.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David C. Merritt sold 2,402 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total transaction of $153,679.96. The disclosure for this sale can be found here. Company insiders own 3.50% of the company’s stock.

Institutional Trading of Taylor Morrison Home

Several hedge funds have recently added to or reduced their stakes in TMHC. Morse Asset Management Inc acquired a new stake in Taylor Morrison Home in the 4th quarter worth $29,000. V Square Quantitative Management LLC lifted its stake in shares of Taylor Morrison Home by 68.1% in the fourth quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company’s stock valued at $42,000 after buying an additional 277 shares during the period. Quarry LP grew its position in Taylor Morrison Home by 202.1% during the fourth quarter. Quarry LP now owns 704 shares of the construction company’s stock worth $43,000 after buying an additional 471 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in Taylor Morrison Home by 43.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock valued at $49,000 after acquiring an additional 243 shares during the period. Finally, SRS Capital Advisors Inc. acquired a new position in Taylor Morrison Home in the 4th quarter valued at approximately $51,000. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Price Performance

Shares of TMHC opened at $60.84 on Friday. The company has a 50 day moving average of $62.70 and a two-hundred day moving average of $65.78. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. Taylor Morrison Home has a twelve month low of $53.17 and a twelve month high of $75.49. The company has a market cap of $6.19 billion, a price-to-earnings ratio of 7.35 and a beta of 2.06.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. As a group, analysts predict that Taylor Morrison Home will post 8.93 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.