Taylor Morrison Home Corporation (NYSE:TMHC) Given Average Rating of “Hold” by Brokerages

Shares of Taylor Morrison Home Corporation (NYSE:TMHC) have been given a consensus recommendation of “Hold” by the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $77.4286.

TMHC has been the subject of a number of analyst reports. Truist Financial cut their price target on Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating for the company in a report on Monday, June 1st. Wolfe Research cut Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a report on Wednesday, June 10th. Royal Bank Of Canada downgraded Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and raised their target price for the stock from $69.00 to $72.50 in a research note on Tuesday, June 2nd. Citigroup lowered Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a report on Monday, June 1st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Taylor Morrison Home in a research report on Tuesday, July 21st.

Taylor Morrison Home Stock Performance

Shares of TMHC stock opened at $72.45 on Monday. The company’s fifty day simple moving average is $70.59 and its two-hundred day simple moving average is $64.69. The company has a debt-to-equity ratio of 0.37, a current ratio of 7.66 and a quick ratio of 1.45. Taylor Morrison Home has a 1 year low of $54.15 and a 1 year high of $72.50. The stock has a market capitalization of $6.77 billion, a price-to-earnings ratio of 10.81, a PEG ratio of 1.70 and a beta of 1.44.

Institutional Trading of Taylor Morrison Home

Several institutional investors and hedge funds have recently bought and sold shares of the company. Canvas Wealth Advisors LLC purchased a new position in shares of Taylor Morrison Home during the 2nd quarter valued at $575,000. Versant Capital Management Inc raised its position in shares of Taylor Morrison Home by 8.2% in the second quarter. Versant Capital Management Inc now owns 13,244 shares of the construction company’s stock worth $950,000 after buying an additional 1,001 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Taylor Morrison Home by 42.6% during the first quarter. Pacer Advisors Inc. now owns 549,111 shares of the construction company’s stock valued at $31,980,000 after buying an additional 164,159 shares during the period. Parallel Advisors LLC boosted its stake in Taylor Morrison Home by 50.5% during the first quarter. Parallel Advisors LLC now owns 1,499 shares of the construction company’s stock valued at $87,000 after buying an additional 503 shares during the period. Finally, Strategic Investment Advisors MI purchased a new position in Taylor Morrison Home during the first quarter worth about $295,000. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

About Taylor Morrison Home

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.