Taylor Morrison Home (NYSE:TMHC) Price Target Cut to $82.00 by Analysts at JPMorgan Chase & Co.

Taylor Morrison Home (NYSE:TMHC) had its price target trimmed by JPMorgan Chase & Co. from $90.00 to $82.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the construction company’s stock.

Several other brokerages have also commented on TMHC. Wolfe Research raised Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a report on Wednesday, January 8th. BTIG Research increased their price target on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Raymond James restated an “outperform” rating and set a $84.00 price objective (up previously from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. StockNews.com lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, Seaport Res Ptn cut Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Taylor Morrison Home presently has an average rating of “Moderate Buy” and an average price target of $82.43.

Taylor Morrison Home Price Performance

TMHC opened at $63.05 on Tuesday. Taylor Morrison Home has a fifty-two week low of $53.17 and a fifty-two week high of $75.49. The firm has a 50-day moving average of $63.32 and a 200 day moving average of $66.31. 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 firm has a market cap of $6.52 billion, a P/E ratio of 8.34 and a beta of 2.03.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. On average, research analysts expect that Taylor Morrison Home will post 8.44 EPS for the current year.

Insiders Place Their Bets

In related news, Director William H. Lyon sold 24,284 shares of the stock in a transaction that occurred 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 transaction, the director now owns 2,045,316 shares in the company, valued at $152,294,229.36. This represents a 1.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.50% of the stock is owned by insiders.

Institutional Trading of Taylor Morrison Home

Several large investors have recently modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in Taylor Morrison Home during the third quarter valued at approximately $29,000. Morse Asset Management Inc purchased a new stake in shares of Taylor Morrison Home in the 4th quarter worth $29,000. Harbor Capital Advisors Inc. bought a new position in Taylor Morrison Home in the 3rd quarter worth $34,000. Quarry LP lifted its position in Taylor Morrison Home by 202.1% during the fourth quarter. Quarry LP now owns 704 shares of the construction company’s stock valued at $43,000 after purchasing an additional 471 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in Taylor Morrison Home by 43.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock valued at $49,000 after purchasing an additional 243 shares during the period. Institutional investors 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.