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

Taylor Morrison Home Co. (NYSE:TMHC) has been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $85.33.

TMHC has been the subject of several recent research reports. BTIG Research increased their price objective on Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Raymond James reaffirmed an “outperform” rating and set a $84.00 target price (up previously from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. StockNews.com raised shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. Royal Bank of Canada upped their price objective on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Barclays upgraded shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $75.00 to $90.00 in a report on Wednesday.

Taylor Morrison Home Stock Performance

Shares of NYSE TMHC opened at $64.72 on Wednesday. Taylor Morrison Home has a 1 year low of $49.98 and a 1 year high of $75.49. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24. The company’s fifty day moving average price is $69.88 and its 200 day moving average price is $64.76. The company has a market capitalization of $6.70 billion, a PE ratio of 8.56 and a beta of 1.97.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share (EPS) 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 company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the business posted $1.62 earnings per share. Taylor Morrison Home’s revenue for the quarter was up 26.6% on a year-over-year basis. On average, research analysts predict that Taylor Morrison Home will post 8.44 earnings per share for the current year.

Insider Buying and Selling

In other Taylor Morrison Home news, EVP Darrell Sherman sold 26,757 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $70.00, for a total value of $1,872,990.00. Following the transaction, the executive vice president now directly owns 109,217 shares in the company, valued at $7,645,190. This represents a 19.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William H. Lyon sold 24,284 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the completion of the transaction, the director now owns 2,045,316 shares of the company’s stock, valued at approximately $152,294,229.36. The trade was a 1.17 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 128,621 shares of company stock worth $9,164,869. Corporate insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Taylor Morrison Home

A number of institutional investors have recently modified their holdings of the business. Cetera Advisors LLC acquired a new position in Taylor Morrison Home in the 1st quarter valued at about $475,000. CWM LLC raised its stake in shares of Taylor Morrison Home by 15.7% during the second quarter. CWM LLC now owns 2,334 shares of the construction company’s stock worth $129,000 after purchasing an additional 316 shares during the last quarter. Wedge Capital Management L L P NC lifted its holdings in shares of Taylor Morrison Home by 1,910.4% during the second quarter. Wedge Capital Management L L P NC now owns 727,919 shares of the construction company’s stock worth $40,356,000 after purchasing an additional 691,711 shares during the period. Blue Trust Inc. grew its position in Taylor Morrison Home by 23.0% in the 2nd quarter. Blue Trust Inc. now owns 4,307 shares of the construction company’s stock valued at $239,000 after buying an additional 805 shares during the last quarter. Finally, TCW Group Inc. grew its position in Taylor Morrison Home by 0.4% in the 2nd quarter. TCW Group Inc. now owns 52,193 shares of the construction company’s stock valued at $2,894,000 after buying an additional 213 shares during the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

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.