Taylor Morrison Home (NYSE:TMHC) Shares Gap Up to $65.30

Taylor Morrison Home Co. (NYSE:TMHC)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $65.30, but opened at $67.33. Taylor Morrison Home shares last traded at $67.17, with a volume of 18,495 shares trading hands.

Analysts Set New Price Targets

Several research analysts have recently commented on TMHC shares. Wedbush reiterated a “neutral” rating and set a $65.00 target price (up from $61.00) on shares of Taylor Morrison Home in a research note on Wednesday, July 24th. Zelman & Associates upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Royal Bank of Canada increased their price target on shares of Taylor Morrison Home from $63.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, BTIG Research upgraded Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 price objective for the company in a report on Monday, August 19th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $70.17.

Taylor Morrison Home Price Performance

The company has a quick ratio of 0.67, a current ratio of 6.01 and a debt-to-equity ratio of 0.39. The company’s fifty day moving average price is $63.68 and its 200 day moving average price is $59.52. The company has a market capitalization of $7.16 billion, a P/E ratio of 9.82 and a beta of 1.96.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, July 24th. The construction company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.06. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.87 billion. Taylor Morrison Home had a return on equity of 14.99% and a net margin of 9.92%. As a group, sell-side analysts forecast that Taylor Morrison Home Co. will post 8.15 EPS for the current year.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home 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 directly 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 SEC, which is available through this link. In related news, Director William H. Lyon sold 1,741 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $68.03, for a total transaction of $118,440.23. Following the completion of the sale, the director now directly owns 2,195,316 shares in the company, valued at approximately $149,347,347.48. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director William H. Lyon sold 28,259 shares of Taylor Morrison Home stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $68.25, for a total value of $1,928,676.75. Following the completion of the transaction, the director now owns 2,197,057 shares in the company, valued at approximately $149,949,140.25. The disclosure for this sale can be found here. Insiders sold a total of 90,000 shares of company stock valued at $5,966,317 over the last quarter. 3.50% of the stock is owned by corporate insiders.

Institutional Trading of Taylor Morrison Home

A number of hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC increased its holdings in Taylor Morrison Home by 4,586.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 663,385 shares of the construction company’s stock worth $41,243,000 after purchasing an additional 649,230 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Taylor Morrison Home by 22.3% during the first quarter. Janus Henderson Group PLC now owns 76,608 shares of the construction company’s stock worth $4,761,000 after purchasing an additional 13,987 shares during the last quarter. TCW Group Inc. increased its stake in shares of Taylor Morrison Home by 118.2% in the fourth quarter. TCW Group Inc. now owns 57,315 shares of the construction company’s stock valued at $3,058,000 after buying an additional 31,045 shares during the period. Sei Investments Co. raised its holdings in Taylor Morrison Home by 36.7% in the 1st quarter. Sei Investments Co. now owns 366,987 shares of the construction company’s stock valued at $22,816,000 after buying an additional 98,539 shares during the last quarter. Finally, Journey Strategic Wealth LLC acquired a new stake in Taylor Morrison Home during the 4th quarter worth approximately $235,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

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.