Taylor Morrison Home (NYSE:TMHC) Raised to Outperform at Wolfe Research

Taylor Morrison Home (NYSE:TMHC) was upgraded by stock analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating in a research note issued on Wednesday, MarketBeat Ratings reports. The brokerage presently has a $76.00 target price on the construction company’s stock. Wolfe Research’s price target suggests a potential upside of 24.77% from the stock’s current price.

TMHC has been the topic of a number of other research reports. Royal Bank of Canada lifted their target price on Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. BTIG Research boosted their price target on Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. cut their price objective on Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, December 13th. StockNews.com raised shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. Finally, Barclays raised shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $75.00 to $90.00 in a research report on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $84.00.

Taylor Morrison Home Price Performance

Shares of TMHC opened at $60.91 on Wednesday. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37. Taylor Morrison Home has a twelve month low of $50.68 and a twelve month high of $75.49. The stock has a market capitalization of $6.30 billion, a P/E ratio of 8.06 and a beta of 2.01. The company has a 50 day moving average of $67.03 and a 200-day moving average of $65.47.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the firm 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, equities research analysts forecast that Taylor Morrison Home will post 8.44 EPS for the current fiscal year.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, EVP Darrell Sherman sold 26,757 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now directly owns 109,217 shares of the company’s stock, valued at $7,645,190. This represents a 19.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director William H. Lyon sold 9,075 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $72.08, for a total value of $654,126.00. Following the transaction, the director now owns 2,136,241 shares in the company, valued at $153,980,251.28. The trade was a 0.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 128,549 shares of company stock worth $9,159,829 over the last ninety days. Insiders own 3.50% of the company’s stock.

Institutional Trading of Taylor Morrison Home

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Assenagon Asset Management S.A. raised its position in shares of Taylor Morrison Home by 271.0% in the third quarter. Assenagon Asset Management S.A. now owns 896,032 shares of the construction company’s stock valued at $62,955,000 after buying an additional 654,541 shares in the last quarter. Vision Capital Corp bought a new position in Taylor Morrison Home during the 3rd quarter worth $38,173,000. Charles Schwab Investment Management Inc. raised its holdings in Taylor Morrison Home by 26.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company’s stock valued at $95,696,000 after acquiring an additional 282,227 shares in the last quarter. Barclays PLC lifted its position in shares of Taylor Morrison Home by 66.4% during the 3rd quarter. Barclays PLC now owns 420,419 shares of the construction company’s stock valued at $29,539,000 after acquiring an additional 167,735 shares during the period. Finally, World Investment Advisors LLC acquired a new stake in shares of Taylor Morrison Home during the 3rd quarter worth $10,291,000. 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.