Taylor Morrison Home Co. (NYSE:TMHC) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Taylor Morrison Home Co. (NYSE:TMHC) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat 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 brokerages that have updated their coverage on the stock in the last year is $59.80.

A number of equities research analysts recently issued reports on the stock. Zelman & Associates upgraded shares of Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research report on Friday, April 12th. Barclays lowered their price objective on shares of Taylor Morrison Home from $65.00 to $62.00 and set an “equal weight” rating for the company in a research report on Friday, July 12th. Royal Bank of Canada raised their price objective on shares of Taylor Morrison Home from $61.00 to $63.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Wedbush restated an “outperform” rating and issued a $61.00 price objective on shares of Taylor Morrison Home in a research report on Thursday, May 30th. Finally, StockNews.com cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Friday.

Taylor Morrison Home Trading Up 0.4 %

Shares of TMHC stock opened at $64.63 on Friday. Taylor Morrison Home has a 52-week low of $37.23 and a 52-week high of $67.66. The stock has a market cap of $6.84 billion, a price-to-earnings ratio of 9.25 and a beta of 1.95. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.91 and a current ratio of 6.16. The firm has a fifty day moving average of $57.25 and a 200-day moving average of $56.28.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Tuesday, April 30th. The construction company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.18. The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Taylor Morrison Home had a net margin of 10.30% and a return on equity of 15.75%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the company posted $1.74 EPS. On average, equities research analysts forecast that Taylor Morrison Home will post 7.62 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Taylor Morrison Home news, CEO Sheryl Palmer sold 100,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 19,211 shares in the company, valued at approximately $1,185,318.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Taylor Morrison Home news, CEO Sheryl Palmer sold 100,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 19,211 shares in the company, valued at approximately $1,185,318.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William H. Lyon sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $64.33, for a total transaction of $1,929,900.00. Following the sale, the director now owns 2,255,316 shares in the company, valued at $145,084,478.28. The disclosure for this sale can be found here. Corporate insiders own 3.50% of the company’s stock.

Institutional Trading of Taylor Morrison Home

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Blue Trust Inc. raised its holdings in shares of Taylor Morrison Home by 23.0% in the second quarter. Blue Trust Inc. now owns 4,307 shares of the construction company’s stock valued at $239,000 after purchasing an additional 805 shares during the last quarter. Wedge Capital Management L L P NC increased its holdings in Taylor Morrison Home by 1,910.4% during the second quarter. Wedge Capital Management L L P NC now owns 727,919 shares of the construction company’s stock worth $40,356,000 after buying an additional 691,711 shares during the last quarter. Csenge Advisory Group acquired a new position in Taylor Morrison Home during the second quarter worth $221,000. CWM LLC increased its holdings in Taylor Morrison Home by 15.7% during the second quarter. CWM LLC now owns 2,334 shares of the construction company’s stock worth $129,000 after buying an additional 316 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in Taylor Morrison Home during the second quarter worth $31,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

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.