Taylor Morrison Home Co. (NYSE:TMHC) Given Average Rating of “Hold” by Analysts

Shares of Taylor Morrison Home Co. (NYSE:TMHC) have been given an average rating of “Hold” by the six analysts that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $58.20.

Several research firms recently commented on TMHC. Zelman & Associates upgraded shares of Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research report on Friday, April 12th. Seaport Res Ptn downgraded shares of Taylor Morrison Home from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Wedbush reiterated a “neutral” rating and issued a $55.00 price target on shares of Taylor Morrison Home in a research report on Tuesday, April 30th. Royal Bank of Canada upped their price target on shares of Taylor Morrison Home from $61.00 to $63.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st.

Insider Activity

In other news, Director William H. Lyon sold 33,400 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $56.04, for a total value of $1,871,736.00. Following the completion of the transaction, the director now owns 71,570 shares in the company, valued at approximately $4,010,782.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director William H. Lyon sold 33,400 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $56.04, for a total value of $1,871,736.00. Following the sale, the director now directly owns 71,570 shares of the company’s stock, valued at approximately $4,010,782.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director William H. Lyon sold 20,896 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $56.01, for a total transaction of $1,170,384.96. Following the completion of the sale, the director now directly owns 2,837,020 shares in the company, valued at $158,901,490.20. The disclosure for this sale can be found here. Insiders sold 613,537 shares of company stock worth $36,409,767 in the last 90 days. 3.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Taylor Morrison Home

Large investors have recently added to or reduced their stakes in the business. SummerHaven Investment Management LLC boosted its stake in shares of Taylor Morrison Home by 1.5% during the 4th quarter. SummerHaven Investment Management LLC now owns 14,383 shares of the construction company’s stock worth $767,000 after purchasing an additional 213 shares during the last quarter. Meritage Portfolio Management boosted its position in shares of Taylor Morrison Home by 2.1% in the fourth quarter. Meritage Portfolio Management now owns 10,885 shares of the construction company’s stock worth $581,000 after acquiring an additional 229 shares during the last quarter. CWM LLC boosted its position in shares of Taylor Morrison Home by 17.2% in the fourth quarter. CWM LLC now owns 1,804 shares of the construction company’s stock worth $96,000 after acquiring an additional 265 shares during the last quarter. Resonant Capital Advisors LLC boosted its position in shares of Taylor Morrison Home by 3.6% in the fourth quarter. Resonant Capital Advisors LLC now owns 8,135 shares of the construction company’s stock worth $434,000 after acquiring an additional 285 shares during the last quarter. Finally, Tectonic Advisors LLC boosted its position in shares of Taylor Morrison Home by 1.1% in the fourth quarter. Tectonic Advisors LLC now owns 27,533 shares of the construction company’s stock worth $1,469,000 after acquiring an additional 296 shares during the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Up 1.7 %

Shares of NYSE:TMHC opened at $57.20 on Tuesday. The company has a market capitalization of $6.09 billion, a PE ratio of 8.18 and a beta of 1.88. The company has a current ratio of 6.16, a quick ratio of 1.13 and a debt-to-equity ratio of 0.39. Taylor Morrison Home has a twelve month low of $37.23 and a twelve month high of $62.64. The firm has a 50 day simple moving average of $57.61 and a 200-day simple moving average of $51.91.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.18. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.66 billion. Taylor Morrison Home had a net margin of 10.30% and a return on equity of 15.75%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.74 EPS. On average, equities analysts predict that Taylor Morrison Home will post 7.29 EPS for the current fiscal year.

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.