Taylor Morrison Home Corporation (NYSE:TMHC) Receives $75.57 Consensus Target Price from Analysts

Shares of Taylor Morrison Home Corporation (NYSE:TMHC) have received a consensus rating of “Buy” from the ten brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $75.5714.

Several analysts recently weighed in on TMHC shares. Bank of America dropped their price target on Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating for the company in a report on Friday, October 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of Taylor Morrison Home in a report on Monday, December 22nd. Wedbush reissued an “outperform” rating and issued a $85.00 target price on shares of Taylor Morrison Home in a research report on Thursday, October 23rd. Barclays reaffirmed an “overweight” rating and set a $71.00 price target on shares of Taylor Morrison Home in a research report on Monday, December 8th. Finally, Zacks Research raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 23rd.

Taylor Morrison Home Stock Performance

NYSE TMHC opened at $59.66 on Friday. The stock has a market cap of $5.83 billion, a PE ratio of 7.19 and a beta of 1.57. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.02 and a current ratio of 7.02. The firm has a 50-day moving average of $60.59 and a 200-day moving average of $63.16. Taylor Morrison Home has a 52-week low of $51.90 and a 52-week high of $72.50.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, October 22nd. The construction company reported $2.11 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.18. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Taylor Morrison Home had a net margin of 10.16% and a return on equity of 15.23%. The business’s revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.40 EPS. On average, sell-side analysts anticipate that Taylor Morrison Home will post 8.93 EPS for the current year.

Hedge Funds Weigh In On Taylor Morrison Home

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TMHC. Norges Bank acquired a new stake in shares of Taylor Morrison Home during the 2nd quarter worth $93,627,000. Alliancebernstein L.P. grew its stake in Taylor Morrison Home by 360.1% during the third quarter. Alliancebernstein L.P. now owns 1,284,221 shares of the construction company’s stock worth $84,771,000 after buying an additional 1,005,116 shares in the last quarter. AQR Capital Management LLC grew its stake in Taylor Morrison Home by 73.8% during the third quarter. AQR Capital Management LLC now owns 2,213,556 shares of the construction company’s stock worth $146,117,000 after buying an additional 940,138 shares in the last quarter. Long Pond Capital LP increased its holdings in Taylor Morrison Home by 132.4% in the 2nd quarter. Long Pond Capital LP now owns 1,561,586 shares of the construction company’s stock valued at $95,913,000 after buying an additional 889,616 shares during the period. Finally, Freestone Grove Partners LP acquired a new position in shares of Taylor Morrison Home in the 3rd quarter valued at approximately $56,894,000. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company’s portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company’s heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.