Analysts Set Taylor Morrison Home Co. (NYSE:TMHC) Price Target at $85.33

Taylor Morrison Home Co. (NYSE:TMHC) has received an average rating of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $85.33.

A number of research firms recently issued reports on TMHC. Raymond James reaffirmed an “outperform” rating and issued a $84.00 target price (up previously from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. BTIG Research boosted their price objective on Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Wedbush upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $65.00 to $85.00 in a research note on Friday, October 25th. StockNews.com upgraded Taylor Morrison Home from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. Finally, Barclays raised Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $75.00 to $90.00 in a report on Wednesday, December 11th.

Insiders Place Their Bets

In other news, EVP Darrell Sherman sold 26,757 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $70.00, for a total transaction of $1,872,990.00. Following the completion of the sale, 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William H. Lyon sold 9,075 shares of the company’s stock in a transaction 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 sale, the director now directly owns 2,136,241 shares in the company, valued at $153,980,251.28. This trade represents a 0.42 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 128,549 shares of company stock valued at $9,159,829. 3.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TMHC. Resonant Capital Advisors LLC raised its position in shares of Taylor Morrison Home by 2.1% during the third quarter. Resonant Capital Advisors LLC now owns 9,103 shares of the construction company’s stock worth $640,000 after purchasing an additional 191 shares during the period. Captrust Financial Advisors lifted its stake in shares of Taylor Morrison Home by 2.9% in the third quarter. Captrust Financial Advisors now owns 8,340 shares of the construction company’s stock valued at $586,000 after buying an additional 234 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Taylor Morrison Home by 0.9% during the second quarter. Arizona State Retirement System now owns 29,795 shares of the construction company’s stock valued at $1,652,000 after buying an additional 266 shares during the last quarter. Hanlon Investment Management Inc. grew its holdings in shares of Taylor Morrison Home by 2.0% during the second quarter. Hanlon Investment Management Inc. now owns 13,658 shares of the construction company’s stock valued at $757,000 after buying an additional 269 shares during the last quarter. Finally, UMB Bank n.a. increased 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 worth $38,000 after acquiring an additional 388 shares in the last quarter. 95.16% of the stock is owned by institutional investors.

Taylor Morrison Home Stock Performance

Shares of NYSE:TMHC opened at $59.96 on Friday. Taylor Morrison Home has a twelve month low of $50.68 and a twelve month 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 business has a fifty day moving average of $67.55 and a 200-day moving average of $65.50. The firm has a market cap of $6.20 billion, a PE ratio of 7.93 and a beta of 2.01.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly 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 for the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the company posted $1.62 EPS. Taylor Morrison Home’s revenue for the quarter was up 26.6% on a year-over-year basis. On average, equities research analysts predict that Taylor Morrison Home will post 8.44 EPS for the current fiscal year.

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.