Bank of America Lowers Taylor Morrison Home (NYSE:TMHC) Price Target to $68.00

Taylor Morrison Home (NYSE:TMHC) had its target price lowered by investment analysts at Bank of America from $72.00 to $68.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the construction company’s stock. Bank of America‘s price objective points to a potential upside of 10.41% from the stock’s previous close.

TMHC has been the subject of several other reports. Citizens Jmp started coverage on shares of Taylor Morrison Home in a research note on Wednesday, January 7th. They issued a “market outperform” rating and a $95.00 price target for the company. Barclays reduced their price objective on shares of Taylor Morrison Home from $70.00 to $68.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Weiss Ratings lowered shares of Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 20th. Royal Bank Of Canada raised their price objective on shares of Taylor Morrison Home from $62.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Finally, Seaport Research Partners restated a “sell” rating and set a $49.00 price objective (down from $85.00) on shares of Taylor Morrison Home in a research note on Tuesday, April 7th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Taylor Morrison Home presently has an average rating of “Moderate Buy” and a consensus target price of $77.33.

Taylor Morrison Home Trading Up 1.6%

Shares of NYSE:TMHC traded up $0.95 on Monday, hitting $61.59. The company had a trading volume of 299,621 shares, compared to its average volume of 1,168,453. The firm’s 50-day simple moving average is $61.66 and its two-hundred day simple moving average is $61.51. Taylor Morrison Home has a 1 year low of $54.58 and a 1 year high of $72.50. The company has a quick ratio of 1.55, a current ratio of 7.31 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $5.93 billion, a price-to-earnings ratio of 7.94, a P/E/G ratio of 8.46 and a beta of 1.58.

Institutional Trading of Taylor Morrison Home

A number of institutional investors have recently made changes to their positions in TMHC. Allworth Financial LP boosted its holdings in shares of Taylor Morrison Home by 14.9% in the third quarter. Allworth Financial LP now owns 1,546 shares of the construction company’s stock worth $102,000 after buying an additional 200 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Taylor Morrison Home by 4.5% in the third quarter. PNC Financial Services Group Inc. now owns 4,691 shares of the construction company’s stock worth $310,000 after buying an additional 204 shares during the last quarter. Tectonic Advisors LLC boosted its holdings in shares of Taylor Morrison Home by 0.7% in the fourth quarter. Tectonic Advisors LLC now owns 29,765 shares of the construction company’s stock worth $1,752,000 after buying an additional 207 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Taylor Morrison Home by 30.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 899 shares of the construction company’s stock worth $55,000 after buying an additional 211 shares during the last quarter. Finally, Verdence Capital Advisors LLC boosted its holdings in shares of Taylor Morrison Home by 3.3% in the fourth quarter. Verdence Capital Advisors LLC now owns 6,795 shares of the construction company’s stock worth $400,000 after buying an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

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.