Analysts Set Taylor Morrison Home Co. (NYSE:TMHC) PT at $59.40

Shares of Taylor Morrison Home Co. (NYSE:TMHCGet Free Report) have earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $59.40.

Several equities research analysts recently commented on the company. StockNews.com raised Taylor Morrison Home from a “hold” rating to a “buy” rating in a report on Monday, June 10th. Zelman & Associates raised Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a report on Friday, April 12th. Royal Bank of Canada lifted their price target on shares of Taylor Morrison Home from $61.00 to $63.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, Wedbush restated an “outperform” rating and issued a $61.00 price target on shares of Taylor Morrison Home in a research report on Thursday, May 30th.

View Our Latest Stock Report on TMHC

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, Director William H. Lyon sold 153,000 shares of Taylor Morrison Home stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $62.32, for a total transaction of $9,534,960.00. Following the completion of the sale, the director now owns 40,570 shares of the company’s stock, valued at approximately $2,528,322.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director William H. Lyon sold 153,000 shares of Taylor Morrison Home stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $62.32, for a total value of $9,534,960.00. Following the completion of the sale, the director now owns 40,570 shares of the company’s stock, valued at approximately $2,528,322.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Sheryl Palmer sold 100,000 shares of Taylor Morrison Home stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $61.70, for a total transaction of $6,170,000.00. Following the completion of the sale, the chief executive officer now directly owns 19,211 shares of the company’s stock, valued at approximately $1,185,318.70. The disclosure for this sale can be found here. Company insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Rise Advisors LLC acquired a new position in Taylor Morrison Home during the 1st quarter worth $26,000. ICA Group Wealth Management LLC acquired a new position in Taylor Morrison Home during the 4th quarter worth $27,000. Private Wealth Management Group LLC acquired a new position in Taylor Morrison Home during the 4th quarter worth $39,000. Daiwa Securities Group Inc. acquired a new position in Taylor Morrison Home during the 4th quarter worth $48,000. Finally, Fidelis Capital Partners LLC acquired a new position in Taylor Morrison Home during the 1st quarter worth $82,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

TMHC opened at $55.31 on Wednesday. The business’s 50 day moving average is $56.98 and its 200-day moving average is $55.60. The stock has a market cap of $5.85 billion, a PE ratio of 7.91 and a beta of 1.93. The company has a current ratio of 6.16, a quick ratio of 0.91 and a debt-to-equity ratio of 0.39. Taylor Morrison Home has a twelve month low of $37.23 and a twelve month high of $62.64.

Taylor Morrison Home (NYSE:TMHCGet Free Report) last released its quarterly earnings results on Tuesday, April 30th. The construction company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.18. The company had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Taylor Morrison Home had a return on equity of 15.75% and a net margin of 10.30%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.74 earnings per share. On average, analysts predict that Taylor Morrison Home will post 7.62 earnings per share for the current year.

About Taylor Morrison Home

(Get Free Report

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.

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Analyst Recommendations for Taylor Morrison Home (NYSE:TMHC)

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