Taylor Morrison Home Co. (NYSE:TMHC) Receives $77.33 Average Target Price from Analysts

Taylor Morrison Home Co. (NYSE:TMHC) has been given a consensus rating of “Moderate Buy” by the eight research firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and six 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 $77.33.

A number of research analysts have issued reports on the company. Barclays lifted their target price on Taylor Morrison Home from $72.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Zelman & Associates raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. Royal Bank of Canada increased 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. StockNews.com upgraded shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. Finally, Raymond James reiterated an “outperform” rating and set a $84.00 price target (up from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th.

Taylor Morrison Home Stock Performance

NYSE TMHC opened at $69.21 on Friday. The firm’s 50 day simple moving average is $68.99 and its 200 day simple moving average is $63.24. The firm has a market capitalization of $7.16 billion, a price-to-earnings ratio of 9.26 and a beta of 1.96. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. Taylor Morrison Home has a 1 year low of $44.32 and a 1 year high of $74.69.

Taylor Morrison Home (NYSE:TMHC) last issued 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 return on equity of 15.91% and a net margin of 10.39%. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the business posted $1.62 EPS. The company’s revenue was up 26.6% compared to the same quarter last year. As a group, research analysts expect that Taylor Morrison Home will post 8.44 earnings per share for the current fiscal year.

Insider Activity

In other Taylor Morrison Home news, Director William H. Lyon sold 9,075 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $72.08, for a total transaction of $654,126.00. Following the completion of the transaction, the director now owns 2,136,241 shares in the company, valued at approximately $153,980,251.28. This trade represents a 0.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Darrell Sherman sold 26,757 shares of Taylor Morrison Home stock in a transaction on Monday, October 28th. The stock was sold at an average price of $70.00, for a total transaction 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,337 shares of company stock valued at $7,356,683. Insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Taylor Morrison Home

A number of large investors have recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in Taylor Morrison Home in the 3rd quarter valued at about $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Taylor Morrison Home in the second quarter valued at approximately $31,000. Harbor Capital Advisors Inc. bought a new position in shares of Taylor Morrison Home in the third quarter valued at approximately $34,000. UMB Bank n.a. boosted its position in shares of Taylor Morrison Home by 263.9% during the third quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock valued at $38,000 after buying an additional 388 shares during the last quarter. Finally, Peterson Financial Group Inc. bought a new stake in Taylor Morrison Home during the third quarter worth $62,000. 95.16% of the stock is currently owned by institutional investors.

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.