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

Shares of Taylor Morrison Home Co. (NYSE:TMHC) have received a consensus rating of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $77.33.

TMHC has been the subject of a number of recent analyst reports. StockNews.com upgraded Taylor Morrison Home from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. Barclays increased 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 research report on Thursday, October 24th. Zelman & Associates raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. Wedbush raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and increased their target price for the company from $65.00 to $85.00 in a research report on Friday, October 25th. Finally, BTIG Research raised their price target on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th.

Insider Transactions at Taylor Morrison Home

In other Taylor Morrison Home news, Director William H. Lyon sold 9,075 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $72.08, for a total value of $654,126.00. Following the completion of the transaction, the director now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Darrell Sherman sold 26,757 shares of Taylor Morrison Home stock in a transaction dated Monday, October 28th. The shares were 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. The trade was a 19.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 104,337 shares of company stock worth $7,356,683 over the last quarter. Corporate insiders own 3.50% of the company’s stock.

Institutional Trading of Taylor Morrison Home

Several institutional investors and hedge funds have recently bought and sold shares of the company. Forum Financial Management LP grew its position in shares of Taylor Morrison Home by 3.9% during the 2nd quarter. Forum Financial Management LP now owns 4,430 shares of the construction company’s stock valued at $246,000 after purchasing an additional 165 shares in the last quarter. Resonant Capital Advisors LLC grew its position in 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 buying an additional 191 shares in the last quarter. TCW Group Inc. increased its stake in Taylor Morrison Home by 0.4% in the 2nd quarter. TCW Group Inc. now owns 52,193 shares of the construction company’s stock worth $2,894,000 after acquiring an additional 213 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of Taylor Morrison Home by 2.9% in the 3rd quarter. Captrust Financial Advisors now owns 8,340 shares of the construction company’s stock valued at $586,000 after acquiring an additional 234 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Taylor Morrison Home by 0.9% during the 2nd quarter. Arizona State Retirement System now owns 29,795 shares of the construction company’s stock valued at $1,652,000 after acquiring an additional 266 shares during the last quarter. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Taylor Morrison Home Trading Down 1.2 %

Shares of TMHC stock opened at $69.21 on Friday. 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 company has a market capitalization of $7.16 billion, a price-to-earnings ratio of 9.26 and a beta of 1.96. Taylor Morrison Home has a 52-week low of $44.32 and a 52-week high of $74.69. The company has a 50-day simple moving average of $68.99 and a two-hundred day simple moving average of $63.24.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.31. The company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $1.96 billion. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. Taylor Morrison Home’s quarterly revenue was up 26.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.62 earnings per share. Research analysts anticipate 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.