Taylor Morrison Home Co. (NYSE:TMHC) Receives $85.33 Consensus PT from Analysts

Taylor Morrison Home Co. (NYSE:TMHC) has received an average recommendation of “Moderate Buy” from the nine brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $84.00.

Several equities research analysts recently issued reports on TMHC shares. Raymond James reissued an “outperform” rating and issued a $84.00 price objective (up from $81.00) on shares of Taylor Morrison Home in a research note on Tuesday, October 29th. JPMorgan Chase & Co. reduced their price target on shares of Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, December 13th. Barclays upgraded shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $75.00 to $90.00 in a report on Wednesday, December 11th. Royal Bank of Canada upped their price objective on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, BTIG Research lifted their target price on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, October 24th.

Taylor Morrison Home Stock Up 1.5 %

TMHC stock opened at $60.91 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69. The firm has a market capitalization of $6.30 billion, a P/E ratio of 8.06 and a beta of 2.01. Taylor Morrison Home has a 52-week low of $50.68 and a 52-week high of $75.49. The company’s 50 day simple moving average is $67.03 and its 200-day simple moving average is $65.47.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.31. The company 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 company’s revenue was up 26.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.62 EPS. As a group, equities research analysts anticipate that Taylor Morrison Home will post 8.44 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Darrell Sherman sold 26,757 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $70.00, for a total transaction of $1,872,990.00. Following the completion of the sale, the executive vice president now owns 109,217 shares in the company, valued at $7,645,190. This represents a 19.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William H. Lyon sold 24,284 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $74.46, for a total value of $1,808,186.64. Following the completion of the sale, the director now directly owns 2,045,316 shares in the company, valued at $152,294,229.36. This trade represents a 1.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 128,549 shares of company stock valued at $9,159,829 over the last ninety days. Corporate insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Taylor Morrison Home

Several hedge funds and other institutional investors have recently modified their holdings of TMHC. Resonant Capital Advisors LLC increased its stake in Taylor Morrison Home by 2.1% during the third quarter. Resonant Capital Advisors LLC now owns 9,103 shares of the construction company’s stock valued at $640,000 after acquiring an additional 191 shares during the period. Captrust Financial Advisors increased its position in shares of Taylor Morrison Home by 2.9% during the third quarter. Captrust Financial Advisors now owns 8,340 shares of the construction company’s stock valued at $586,000 after purchasing an additional 234 shares during the period. Arizona State Retirement System raised its stake in shares of Taylor Morrison Home by 0.9% in the second quarter. Arizona State Retirement System now owns 29,795 shares of the construction company’s stock valued at $1,652,000 after purchasing an additional 266 shares in the last quarter. Hanlon Investment Management Inc. lifted its position in Taylor Morrison Home by 2.0% in the second quarter. Hanlon Investment Management Inc. now owns 13,658 shares of the construction company’s stock worth $757,000 after purchasing an additional 269 shares during the period. Finally, UMB Bank n.a. boosted its stake in Taylor Morrison Home by 263.9% during the third quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock worth $38,000 after buying an additional 388 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

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.