Taylor Morrison Home (NYSE:TMHC) PT Raised to $86.00 at BTIG Research

Taylor Morrison Home (NYSE:TMHC) had its price target raised by equities researchers at BTIG Research from $78.00 to $86.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. BTIG Research’s price target would indicate a potential upside of 25.47% from the company’s previous close.

TMHC has been the topic of several other research reports. Zelman & Associates raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research note on Monday, August 12th. Royal Bank of Canada raised their price target on Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday. Raymond James initiated coverage on shares of Taylor Morrison Home in a research report on Wednesday, July 24th. They issued an “outperform” rating and a $75.00 price objective on the stock. StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Finally, Barclays upped their price target on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Taylor Morrison Home presently has an average rating of “Moderate Buy” and an average price target of $75.83.

Taylor Morrison Home Trading Up 0.3 %

NYSE:TMHC opened at $68.54 on Thursday. Taylor Morrison Home has a 1 year low of $37.23 and a 1 year high of $71.95. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.67 and a current ratio of 6.01. The stock has a fifty day moving average price of $67.58 and a two-hundred day moving average price of $61.64. The stock has a market capitalization of $7.25 billion, a price-to-earnings ratio of 9.81 and a beta of 1.96.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.06 by $0.31. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Taylor Morrison Home had a net margin of 9.92% and a return on equity of 14.99%. The business’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.62 earnings per share. As a group, sell-side analysts anticipate that Taylor Morrison Home will post 8.15 earnings per share for the current fiscal year.

Insider Buying and Selling at Taylor Morrison Home

In other news, Director William H. Lyon sold 1,741 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $68.03, for a total transaction of $118,440.23. Following the sale, the director now owns 2,195,316 shares in the company, valued at $149,347,347.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Wedge Capital Management L L P NC boosted its holdings in Taylor Morrison Home by 1,910.4% in the second quarter. Wedge Capital Management L L P NC now owns 727,919 shares of the construction company’s stock valued at $40,356,000 after acquiring an additional 691,711 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Taylor Morrison Home by 271.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 896,032 shares of the construction company’s stock worth $62,955,000 after purchasing an additional 654,541 shares during the period. Allspring Global Investments Holdings LLC increased its position in Taylor Morrison Home by 4,586.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 663,385 shares of the construction company’s stock worth $41,243,000 after purchasing an additional 649,230 shares in the last quarter. Lord Abbett & CO. LLC raised its holdings in Taylor Morrison Home by 203.0% in the first quarter. Lord Abbett & CO. LLC now owns 440,717 shares of the construction company’s stock valued at $27,400,000 after buying an additional 295,256 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in Taylor Morrison Home by 127.6% during the first quarter. BNP Paribas Financial Markets now owns 203,435 shares of the construction company’s stock valued at $12,648,000 after buying an additional 114,034 shares in the last quarter. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

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.