Taylor Morrison Home (NYSE:TMHC) PT Raised to $39.50

Taylor Morrison Home (NYSE:TMHCGet Rating) had its target price increased by JPMorgan Chase & Co. from $29.50 to $39.50 in a research note released on Tuesday morning, The Fly reports.

A number of other analysts have also commented on the stock. Barclays cut their price objective on shares of Taylor Morrison Home from $33.00 to $30.00 in a research report on Thursday, October 27th. TheStreet lowered shares of Taylor Morrison Home from a b- rating to a c+ rating in a research report on Tuesday, September 27th. Wells Fargo & Company boosted their target price on shares of Taylor Morrison Home from $25.00 to $30.00 and gave the stock an equal weight rating in a report on Thursday, July 28th. StockNews.com downgraded shares of Taylor Morrison Home from a buy rating to a hold rating in a report on Saturday, October 29th. Finally, BTIG Research downgraded shares of Taylor Morrison Home from a buy rating to a neutral rating in a report on Thursday, October 27th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $31.64.

Taylor Morrison Home Stock Performance

Shares of TMHC opened at $29.41 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.57 and a current ratio of 5.24. Taylor Morrison Home has a twelve month low of $20.05 and a twelve month high of $35.51. The firm’s 50 day moving average price is $25.76 and its two-hundred day moving average price is $26.05. The firm has a market cap of $3.19 billion, a P/E ratio of 3.34 and a beta of 1.69.

Taylor Morrison Home (NYSE:TMHCGet Rating) last announced its quarterly earnings data on Wednesday, October 26th. The construction company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.50 by $0.22. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.18 billion. Taylor Morrison Home had a net margin of 12.75% and a return on equity of 24.70%. On average, analysts forecast that Taylor Morrison Home will post 9.31 EPS for the current fiscal year.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, CFO Louis Steffens bought 11,000 shares of the stock in a transaction dated Wednesday, September 14th. The shares were bought at an average cost of $23.07 per share, for a total transaction of $253,770.00. Following the purchase, the chief financial officer now directly owns 44,667 shares of the company’s stock, valued at approximately $1,030,467.69. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Assetmark Inc. grew its holdings in shares of Taylor Morrison Home by 119.6% during the second quarter. Assetmark Inc. now owns 1,221 shares of the construction company’s stock worth $29,000 after purchasing an additional 665 shares in the last quarter. Lazard Asset Management LLC bought a new position in Taylor Morrison Home in the first quarter worth $44,000. Investors Asset Management of Georgia Inc. GA ADV bought a new position in Taylor Morrison Home in the third quarter worth $41,000. Quantbot Technologies LP bought a new position in Taylor Morrison Home in the first quarter worth $77,000. Finally, Covestor Ltd raised its holdings in Taylor Morrison Home by 100.5% in the first quarter. Covestor Ltd now owns 3,072 shares of the construction company’s stock worth $84,000 after purchasing an additional 1,540 shares in the last quarter. Hedge funds and other institutional investors own 95.05% of the company’s stock.

Taylor Morrison Home Company Profile

(Get Rating)

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 also develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name; and offers title insurance and closing settlement services, as well as financial services.

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