Taylor Morrison Home (NYSE:TMHC) Given New $72.00 Price Target at Barclays

Taylor Morrison Home (NYSE:TMHC) had its price objective raised by Barclays from $62.00 to $72.00 in a report released on Thursday morning, Benzinga reports. They currently have an equal weight rating on the construction company’s stock.

TMHC has been the subject of a number of other research reports. Wedbush reaffirmed a neutral rating and issued a $65.00 price target (up previously from $61.00) on shares of Taylor Morrison Home in a report on Wednesday. Royal Bank of Canada upped their price target on Taylor Morrison Home from $63.00 to $74.00 and gave the stock an outperform rating in a report on Thursday. Raymond James started coverage on Taylor Morrison Home in a report on Wednesday. They issued an outperform rating and a $75.00 price target for the company. Zelman & Associates raised Taylor Morrison Home from an underperform rating to a neutral rating in a report on Friday, April 12th. Finally, StockNews.com cut Taylor Morrison Home from a buy rating to a hold rating in a report on Friday, July 19th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Hold and an average target price of $66.50.

Taylor Morrison Home Stock Performance

Shares of TMHC stock opened at $65.52 on Thursday. The stock has a market cap of $6.93 billion, a PE ratio of 9.37 and a beta of 1.95. The business has a 50-day simple moving average of $57.77 and a 200-day simple moving average of $56.75. The company has a quick ratio of 0.91, a current ratio of 6.01 and a debt-to-equity ratio of 0.39. Taylor Morrison Home has a 52-week low of $37.23 and a 52-week high of $67.66.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 14.99% and a net margin of 9.92%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.74 EPS. On average, equities analysts expect that Taylor Morrison Home will post 7.62 EPS for the current year.

Insiders Place Their Bets

In other Taylor Morrison Home news, CEO Sheryl Palmer sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was 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 in the company, valued at approximately $1,185,318.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Sheryl Palmer sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $61.70, for a total value of $6,170,000.00. Following the completion of the sale, the chief executive officer now directly owns 19,211 shares in the company, valued at $1,185,318.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William H. Lyon sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $64.33, for a total value of $1,929,900.00. Following the completion of the sale, the director now owns 2,255,316 shares of the company’s stock, valued at $145,084,478.28. The disclosure for this sale can be found here. In the last three months, insiders sold 160,000 shares of company stock worth $10,089,200. Corporate insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Taylor Morrison Home

A number of large investors have recently made changes to their positions in TMHC. Raymond James & Associates grew its position in shares of Taylor Morrison Home by 2.8% in the fourth quarter. Raymond James & Associates now owns 53,019 shares of the construction company’s stock valued at $2,829,000 after purchasing an additional 1,428 shares in the last quarter. Pacer Advisors Inc. grew its position in Taylor Morrison Home by 25.7% in the fourth quarter. Pacer Advisors Inc. now owns 20,926 shares of the construction company’s stock worth $1,116,000 after acquiring an additional 4,277 shares during the period. Blue Trust Inc. grew its position in Taylor Morrison Home by 200.5% in the fourth quarter. Blue Trust Inc. now owns 3,254 shares of the construction company’s stock worth $174,000 after acquiring an additional 2,171 shares during the period. TFB Advisors LLC purchased a new position in Taylor Morrison Home in the fourth quarter worth approximately $207,000. Finally, Financial Enhancement Group LLC grew its position in Taylor Morrison Home by 2.4% in the fourth quarter. Financial Enhancement Group LLC now owns 94,063 shares of the construction company’s stock worth $4,849,000 after acquiring an additional 2,188 shares during the period. 95.16% of the stock is currently owned by hedge funds and other 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.