Taylor Morrison Home Co. (NYSE:TMHC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Taylor Morrison Home Co. (NYSE:TMHC) have earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $70.17.

Several equities research analysts have recently issued reports on TMHC shares. Barclays lifted their target price on Taylor Morrison Home from $62.00 to $72.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. Royal Bank of Canada increased their target price on Taylor Morrison Home from $63.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Raymond James started coverage on shares of Taylor Morrison Home in a report on Wednesday, July 24th. They issued an “outperform” rating and a $75.00 target price for the company. Wedbush reaffirmed a “neutral” rating and set a $65.00 price target (up previously from $61.00) on shares of Taylor Morrison Home in a research note on Wednesday, July 24th. Finally, StockNews.com cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, Director William H. Lyon sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $64.33, for a total transaction of $1,929,900.00. Following the completion of the transaction, the director now owns 2,255,316 shares in the company, valued at $145,084,478.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director William H. Lyon sold 1,741 shares of the firm’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 transaction, the director now owns 2,195,316 shares of the company’s stock, valued at approximately $149,347,347.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director William H. Lyon sold 30,000 shares of Taylor Morrison Home stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $64.33, for a total transaction of $1,929,900.00. Following the sale, the director now owns 2,255,316 shares of the company’s stock, valued at approximately $145,084,478.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 90,000 shares of company stock worth $5,966,317. Insiders own 3.50% of the company’s stock.

Institutional Trading of Taylor Morrison Home

Several institutional investors and hedge funds have recently modified their holdings of TMHC. International Assets Investment Management LLC increased its holdings in Taylor Morrison Home by 9,467.3% during the 4th quarter. International Assets Investment Management LLC now owns 14,351 shares of the construction company’s stock worth $766,000 after purchasing an additional 14,201 shares during the period. CWM LLC increased its stake in shares of Taylor Morrison Home by 17.2% during the fourth quarter. CWM LLC now owns 1,804 shares of the construction company’s stock valued at $96,000 after buying an additional 265 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Taylor Morrison Home by 23.6% in the fourth quarter. Victory Capital Management Inc. now owns 265,546 shares of the construction company’s stock valued at $14,167,000 after acquiring an additional 50,746 shares in the last quarter. Natixis Advisors L.P. lifted its stake in Taylor Morrison Home by 8.2% in the fourth quarter. Natixis Advisors L.P. now owns 16,687 shares of the construction company’s stock worth $890,000 after acquiring an additional 1,268 shares during the period. Finally, Lisanti Capital Growth LLC bought a new position in Taylor Morrison Home during the 4th quarter worth about $3,791,000. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

NYSE:TMHC opened at $67.33 on Monday. The stock has a 50-day simple moving average of $61.60 and a two-hundred day simple moving average of $58.88. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.67 and a current ratio of 6.01. Taylor Morrison Home has a 52-week low of $37.23 and a 52-week high of $69.62. The firm has a market capitalization of $7.02 billion, a PE ratio of 9.63 and a beta of 1.95.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, July 24th. The construction company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.06. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Taylor Morrison Home had a net margin of 9.92% and a return on equity of 14.99%. Analysts forecast that Taylor Morrison Home will post 7.9 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.