Taylor Morrison Home (NYSE:TMHC) Price Target Lowered to $70.00 at Barclays

Taylor Morrison Home (NYSE:TMHC) had its price objective decreased by Barclays from $90.00 to $70.00 in a research report released on Tuesday,Benzinga reports. Barclays currently has an overweight rating on the construction company’s stock.

A number of other analysts have also commented on the stock. Wolfe Research upgraded shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price target for the company in a research note on Wednesday, January 8th. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. StockNews.com lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price target on shares of Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Finally, Royal Bank of Canada boosted their target price on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $79.57.

Taylor Morrison Home Stock Down 3.5 %

NYSE:TMHC opened at $55.38 on Tuesday. The firm has a market cap of $5.63 billion, a P/E ratio of 6.69 and a beta of 1.76. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. Taylor Morrison Home has a fifty-two week low of $51.90 and a fifty-two week high of $75.49. The firm has a 50-day simple moving average of $60.66 and a two-hundred day simple moving average of $64.87.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. Analysts predict that Taylor Morrison Home will post 8.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total transaction of $93,372.75. The disclosure for this sale can be found here. Insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Taylor Morrison Home

Large investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors lifted its holdings in shares of Taylor Morrison Home by 2.9% in the third quarter. Captrust Financial Advisors now owns 8,340 shares of the construction company’s stock worth $586,000 after buying an additional 234 shares in the last quarter. Centiva Capital LP purchased a new position in shares of Taylor Morrison Home in the third quarter worth $206,000. Janus Henderson Group PLC increased its position in Taylor Morrison Home by 6.9% in the third quarter. Janus Henderson Group PLC now owns 79,201 shares of the construction company’s stock worth $5,562,000 after purchasing an additional 5,081 shares during the last quarter. State Street Corp increased its position in Taylor Morrison Home by 2.8% in the third quarter. State Street Corp now owns 4,987,968 shares of the construction company’s stock worth $350,455,000 after purchasing an additional 136,432 shares during the last quarter. Finally, Wolverine Trading LLC bought a new stake in Taylor Morrison Home in the third quarter worth $298,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Company Profile

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.