Taylor Morrison Home’s (TMHC) Outperform Rating Reiterated at Raymond James

Raymond James reaffirmed their outperform rating on shares of Taylor Morrison Home (NYSE:TMHC) in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a $84.00 price objective on the construction company’s stock, up from their previous price objective of $81.00.

Other analysts have also issued research reports about the company. Wedbush raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $65.00 to $85.00 in a research note on Friday, October 25th. Royal Bank of Canada increased their price target on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Zelman & Associates upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. BTIG Research increased their target price 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. Finally, StockNews.com upgraded Taylor Morrison Home from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Taylor Morrison Home presently has an average rating of “Moderate Buy” and a consensus target price of $77.33.

Taylor Morrison Home Price Performance

TMHC stock opened at $68.71 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24. The firm has a market cap of $7.16 billion, a P/E ratio of 9.09 and a beta of 1.96. The firm’s fifty day moving average is $68.00 and its 200 day moving average is $62.07. Taylor Morrison Home has a 52 week low of $41.15 and a 52 week high of $71.95.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, topping the consensus estimate 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 return on equity of 15.91% and a net margin of 10.39%. The company’s quarterly revenue was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.62 earnings per share. Research analysts predict that Taylor Morrison Home will post 8.43 earnings per share for the current year.

Insider Buying and Selling

In other Taylor Morrison Home news, EVP Darrell Sherman sold 68,433 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $70.50, for a total transaction of $4,824,526.50. Following the transaction, the executive vice president now owns 109,217 shares in the company, valued at approximately $7,699,798.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 95,262 shares of company stock valued at $6,702,557 over the last three months. Corporate insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Taylor Morrison Home

Several hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its position in Taylor Morrison Home by 4,586.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 663,385 shares of the construction company’s stock valued at $41,243,000 after buying an additional 649,230 shares during the period. Janus Henderson Group PLC grew its holdings in Taylor Morrison Home by 22.3% in the first quarter. Janus Henderson Group PLC now owns 76,608 shares of the construction company’s stock worth $4,761,000 after purchasing an additional 13,987 shares during the period. Sei Investments Co. grew its holdings in Taylor Morrison Home by 36.7% in the first quarter. Sei Investments Co. now owns 366,987 shares of the construction company’s stock worth $22,816,000 after purchasing an additional 98,539 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Taylor Morrison Home by 127.6% during the first quarter. BNP Paribas Financial Markets now owns 203,435 shares of the construction company’s stock valued at $12,648,000 after purchasing an additional 114,034 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Taylor Morrison Home by 173.0% in the 1st quarter. SG Americas Securities LLC now owns 18,828 shares of the construction company’s stock worth $1,171,000 after purchasing an additional 11,931 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors.

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.