Taylor Morrison Home Co. (NYSE:TMHC) Receives $85.33 Consensus Price Target from Brokerages

Shares of Taylor Morrison Home Co. (NYSE:TMHC) have been assigned an average rating of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $85.33.

TMHC has been the topic of a number of recent analyst reports. Raymond James reiterated an “outperform” rating and set a $84.00 price target (up from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Wedbush upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $65.00 to $85.00 in a research note on Friday, October 25th. StockNews.com upgraded shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. Barclays raised shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $75.00 to $90.00 in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, December 13th.

Taylor Morrison Home Price Performance

Shares of NYSE:TMHC opened at $59.96 on Friday. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. The stock has a market cap of $6.20 billion, a PE ratio of 7.93 and a beta of 2.01. The stock’s fifty day simple moving average is $67.55 and its two-hundred day simple moving average is $65.50. Taylor Morrison Home has a 1-year low of $50.68 and a 1-year high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.31. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the company earned $1.62 earnings per share. The firm’s revenue for the quarter was up 26.6% compared to the same quarter last year. As a group, analysts forecast that Taylor Morrison Home will post 8.44 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director William H. Lyon sold 24,284 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the sale, the director now directly owns 2,045,316 shares in the company, valued at approximately $152,294,229.36. The trade was a 1.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Darrell Sherman sold 26,757 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $70.00, for a total value of $1,872,990.00. Following the sale, the executive vice president now directly owns 109,217 shares in the company, valued at $7,645,190. This trade represents a 19.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 128,549 shares of company stock worth $9,159,829 over the last quarter. 3.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Taylor Morrison Home

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC raised its position in shares of Taylor Morrison Home by 0.9% in the second quarter. Commonwealth Equity Services LLC now owns 71,468 shares of the construction company’s stock worth $3,962,000 after buying an additional 650 shares in the last quarter. Arizona State Retirement System increased its stake in Taylor Morrison Home by 0.9% in the 2nd quarter. Arizona State Retirement System now owns 29,795 shares of the construction company’s stock worth $1,652,000 after acquiring an additional 266 shares during the last quarter. Hanlon Investment Management Inc. raised its holdings in shares of Taylor Morrison Home by 2.0% in the 2nd quarter. Hanlon Investment Management Inc. now owns 13,658 shares of the construction company’s stock valued at $757,000 after acquiring an additional 269 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in shares of Taylor Morrison Home by 4.4% during the 2nd quarter. Los Angeles Capital Management LLC now owns 16,884 shares of the construction company’s stock valued at $936,000 after acquiring an additional 710 shares during the last quarter. Finally, Quest Partners LLC purchased a new position in shares of Taylor Morrison Home during the second quarter worth about $1,944,000. 95.16% of the stock is currently owned by 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.