Taylor Morrison Home (NYSE:TMHC) Price Target Raised to $74.00

Taylor Morrison Home (NYSE:TMHC) had its price objective lifted by equities research analysts at Royal Bank of Canada from $72.00 to $74.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the construction company’s stock. Royal Bank of Canada’s target price suggests a potential upside of 13.89% from the company’s previous close.

TMHC has been the topic of several other reports. StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Wedbush raised 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. Seaport Res Ptn downgraded shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a report on Monday, January 27th. JPMorgan Chase & Co. reduced their price target on shares of Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, December 13th. Finally, Wolfe Research upgraded shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $83.57.

Taylor Morrison Home Trading Up 0.8 %

NYSE:TMHC traded up $0.53 during mid-day trading on Thursday, hitting $64.98. The company had a trading volume of 493,087 shares, compared to its average volume of 960,545. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24. 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 market cap of $6.72 billion, a P/E ratio of 8.59 and a beta of 2.03. The business’s fifty day moving average is $63.63 and its two-hundred day moving average is $66.38.

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

Insider Activity at Taylor Morrison Home

In other news, Director William H. Lyon sold 24,284 shares of the stock in a transaction dated 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 completion of the transaction, the director now directly owns 2,045,316 shares in the company, valued at $152,294,229.36. This represents a 1.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.50% of the stock is owned by insiders.

Institutional Trading of Taylor Morrison Home

Several institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp increased its position in shares of Taylor Morrison Home by 2.8% during the 3rd quarter. State Street Corp now owns 4,987,968 shares of the construction company’s stock worth $350,455,000 after purchasing an additional 136,432 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Taylor Morrison Home by 3.5% during the third quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock worth $144,144,000 after buying an additional 69,222 shares during the last quarter. Norges Bank bought a new stake in Taylor Morrison Home during the fourth quarter worth $93,810,000. Arrowstreet Capital Limited Partnership grew its position in shares of Taylor Morrison Home by 1.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,369,832 shares of the construction company’s stock valued at $83,847,000 after acquiring an additional 20,908 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Taylor Morrison Home by 26.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company’s stock valued at $95,696,000 after purchasing an additional 282,227 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

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.