Taylor Morrison Home Co. (NYSE:TMHC) Receives $85.33 Average Price Target from Analysts

Taylor Morrison Home Co. (NYSE:TMHC) has been given a consensus recommendation of “Moderate Buy” by the nine analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $84.00.

Several analysts recently weighed in on the company. Wolfe Research raised Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a report on Wednesday. JPMorgan Chase & Co. dropped their price target on Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, December 13th. BTIG Research lifted their price objective on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Raymond James reissued an “outperform” rating and set a $84.00 target price (up from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Finally, Barclays raised shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $75.00 to $90.00 in a report on Wednesday, December 11th.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, Director William H. Lyon sold 9,075 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $72.08, for a total transaction of $654,126.00. Following the completion of the transaction, the director now owns 2,136,241 shares in the company, valued at approximately $153,980,251.28. The trade was a 0.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Darrell Sherman sold 26,757 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $70.00, for a total value of $1,872,990.00. Following the transaction, the executive vice president now directly owns 109,217 shares in the company, valued at $7,645,190. This trade represents a 19.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 128,549 shares of company stock worth $9,159,829 in the last ninety days. 3.50% of the stock is owned by insiders.

Institutional Trading of Taylor Morrison Home

A number of institutional investors have recently made changes to their positions in TMHC. Commonwealth Equity Services LLC lifted its position in Taylor Morrison Home by 0.9% in the second quarter. Commonwealth Equity Services LLC now owns 71,468 shares of the construction company’s stock worth $3,962,000 after purchasing an additional 650 shares during the period. Arizona State Retirement System boosted its stake in Taylor Morrison Home by 0.9% during the second quarter. Arizona State Retirement System now owns 29,795 shares of the construction company’s stock valued at $1,652,000 after buying an additional 266 shares in the last quarter. Hanlon Investment Management Inc. grew its holdings in Taylor Morrison Home by 2.0% during the second quarter. Hanlon Investment Management Inc. now owns 13,658 shares of the construction company’s stock worth $757,000 after acquiring an additional 269 shares during the period. Los Angeles Capital Management LLC raised its position in Taylor Morrison Home by 4.4% in the second quarter. Los Angeles Capital Management LLC now owns 16,884 shares of the construction company’s stock worth $936,000 after acquiring an additional 710 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in Taylor Morrison Home in the 2nd quarter valued at about $1,944,000. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Performance

Shares of TMHC opened at $59.15 on Friday. The firm has a market cap of $6.12 billion, a price-to-earnings ratio of 7.82 and a beta of 2.01. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $66.84 and its two-hundred day moving average is $65.56. Taylor Morrison Home has a 52-week low of $50.68 and a 52-week high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.31. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.96 billion. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The firm’s revenue was up 26.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.62 EPS. Analysts forecast that Taylor Morrison Home will post 8.44 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.