Taylor Morrison Home Co. (NYSE:TMHC) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Taylor Morrison Home Co. (NYSE:TMHC) have earned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $76.88.

TMHC has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. Seaport Res Ptn upgraded Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Thursday, March 6th. BTIG Research set a $75.00 price target on Taylor Morrison Home and gave the company a “buy” rating in a report on Wednesday, April 16th. Wedbush reiterated an “outperform” rating and set a $85.00 price objective on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. Finally, Royal Bank of Canada boosted their target price on Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th.

Taylor Morrison Home Price Performance

Shares of TMHC stock opened at $58.71 on Friday. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. Taylor Morrison Home has a 12-month low of $51.90 and a 12-month high of $75.49. The firm has a fifty day moving average of $58.45 and a 200-day moving average of $63.25. The firm has a market capitalization of $5.89 billion, a price-to-earnings ratio of 7.09 and a beta of 1.68.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.33. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the prior year, the company earned $1.75 earnings per share. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. On average, equities research analysts forecast that Taylor Morrison Home will post 8.93 earnings per share for the current year.

Insiders Place Their Bets

In other Taylor Morrison Home news, Director David C. Merritt sold 2,402 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total transaction of $153,679.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total transaction of $93,372.75. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

Institutional Trading of Taylor Morrison Home

Hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its position 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 acquiring an additional 69,222 shares during the last quarter. Northern Trust Corp boosted its stake in Taylor Morrison Home by 13.4% in the 4th quarter. Northern Trust Corp now owns 1,670,241 shares of the construction company’s stock valued at $102,235,000 after purchasing an additional 197,880 shares during the period. Norges Bank acquired a new position in Taylor Morrison Home in the 4th quarter valued at $93,810,000. Arrowstreet Capital Limited Partnership increased its position in Taylor Morrison Home by 1.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,369,832 shares of the construction company’s stock worth $83,847,000 after buying an additional 20,908 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings in shares of Taylor Morrison Home by 9.0% during the fourth quarter. Fisher Asset Management LLC now owns 1,255,266 shares of the construction company’s stock worth $76,835,000 after buying an additional 103,289 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

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.