Taylor Morrison Home (NYSE:TMHC) Upgraded to “Buy” by BTIG Research

BTIG Research upgraded shares of Taylor Morrison Home (NYSE:TMHC) from a neutral rating to a buy rating in a report published on Monday, MarketBeat.com reports. The firm currently has $78.00 target price on the construction company’s stock.

Several other analysts have also commented on TMHC. Barclays increased their price target on shares of Taylor Morrison Home from $62.00 to $72.00 and gave the company an equal weight rating in a research report on Thursday, July 25th. Royal Bank of Canada raised their target price on shares of Taylor Morrison Home from $63.00 to $74.00 and gave the stock an outperform rating in a research report on Thursday, July 25th. StockNews.com downgraded Taylor Morrison Home from a buy rating to a hold rating in a report on Friday, August 2nd. Wedbush reaffirmed a neutral rating and issued a $65.00 price objective (up previously from $61.00) on shares of Taylor Morrison Home in a research report on Wednesday, July 24th. Finally, Raymond James assumed coverage on Taylor Morrison Home in a research note on Wednesday, July 24th. They issued an outperform rating and a $75.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Taylor Morrison Home presently has a consensus rating of Moderate Buy and a consensus price target of $70.17.

Taylor Morrison Home Stock Performance

NYSE TMHC opened at $64.84 on Monday. The business’s 50-day moving average price is $59.95 and its 200 day moving average price is $58.19. The company has a quick ratio of 0.67, a current ratio of 6.01 and a debt-to-equity ratio of 0.39. The firm has a market cap of $6.76 billion, a P/E ratio of 9.28 and a beta of 1.95. Taylor Morrison Home has a 52-week low of $37.23 and a 52-week high of $69.62.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, July 24th. The construction company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.06. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.87 billion. Taylor Morrison Home had a net margin of 9.92% and a return on equity of 14.99%. On average, equities research analysts expect that Taylor Morrison Home will post 7.9 earnings per share for the current year.

Insiders Place Their Bets

In other Taylor Morrison Home news, Director William H. Lyon sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $66.31, for a total transaction of $1,989,300.00. Following the completion of the sale, the director now directly owns 2,225,316 shares in the company, valued at $147,560,703.96. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director William H. Lyon sold 30,000 shares of the company’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $66.31, for a total value of $1,989,300.00. Following the completion of the transaction, the director now directly owns 2,225,316 shares in the company, valued at $147,560,703.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William H. Lyon sold 28,259 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $68.25, for a total transaction of $1,928,676.75. Following the completion of the transaction, the director now owns 2,197,057 shares of the company’s stock, valued at $149,949,140.25. The disclosure for this sale can be found here. Insiders sold a total of 90,000 shares of company stock worth $5,966,317 over the last ninety days. 3.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TMHC. International Assets Investment Management LLC raised its holdings in Taylor Morrison Home by 9,467.3% in the fourth quarter. International Assets Investment Management LLC now owns 14,351 shares of the construction company’s stock valued at $766,000 after acquiring an additional 14,201 shares in the last quarter. Cerity Partners LLC raised its holdings in Taylor Morrison Home by 17.7% in the fourth quarter. Cerity Partners LLC now owns 8,741 shares of the construction company’s stock valued at $466,000 after acquiring an additional 1,316 shares in the last quarter. Daiwa Securities Group Inc. acquired a new stake in Taylor Morrison Home in the fourth quarter valued at $48,000. CWM LLC raised its holdings in shares of Taylor Morrison Home by 17.2% during the fourth quarter. CWM LLC now owns 1,804 shares of the construction company’s stock worth $96,000 after purchasing an additional 265 shares during the period. Finally, Foster & Motley Inc. raised its holdings in shares of Taylor Morrison Home by 194.5% during the fourth quarter. Foster & Motley Inc. now owns 20,918 shares of the construction company’s stock worth $1,116,000 after purchasing an additional 13,816 shares during the period. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

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.