Taylor Morrison Home Corporation (NYSE:TMHC) Receives Average Rating of “Buy” from Analysts

Shares of Taylor Morrison Home Corporation (NYSE:TMHC) have received a consensus rating of “Buy” from the ten analysts that are presently covering the company, MarketBeat reports. Nine research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $77.1250.

Several brokerages have issued reports on TMHC. Seaport Res Ptn raised shares of Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 23rd. Bank of America lowered their price objective on shares of Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Taylor Morrison Home in a research note on Wednesday, October 8th.

Insider Transactions at Taylor Morrison Home

In other news, CEO Sheryl Palmer sold 13,513 shares of the firm’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $72.06, for a total value of $973,746.78. Following the completion of the sale, the chief executive officer owned 370,475 shares in the company, valued at approximately $26,696,428.50. This trade represents a 3.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anne L. Mariucci sold 14,002 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $70.00, for a total transaction of $980,140.00. Following the completion of the sale, the director owned 48,191 shares of the company’s stock, valued at $3,373,370. This trade represents a 22.51% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,351 shares of company stock worth $4,700,630. Company insiders own 1.40% of the company’s stock.

Institutional Trading of Taylor Morrison Home

Several hedge funds have recently made changes to their positions in TMHC. Atlantic Union Bankshares Corp acquired a new stake in shares of Taylor Morrison Home in the 2nd quarter worth $28,000. AlphaCore Capital LLC acquired a new stake in shares of Taylor Morrison Home in the second quarter valued at about $37,000. GAMMA Investing LLC lifted its stake in shares of Taylor Morrison Home by 193.0% in the first quarter. GAMMA Investing LLC now owns 674 shares of the construction company’s stock valued at $40,000 after purchasing an additional 444 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Taylor Morrison Home by 49.5% in the first quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company’s stock valued at $48,000 after purchasing an additional 262 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Taylor Morrison Home by 50.2% in the first quarter. Harbor Capital Advisors Inc. now owns 844 shares of the construction company’s stock valued at $51,000 after purchasing an additional 282 shares during the period. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Trading Down 1.2%

Shares of Taylor Morrison Home stock opened at $60.59 on Tuesday. Taylor Morrison Home has a 1 year low of $51.90 and a 1 year high of $75.49. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 6.54. The company has a market capitalization of $6.08 billion, a P/E ratio of 7.00 and a beta of 1.61. The company’s fifty day moving average is $66.97 and its two-hundred day moving average is $62.00.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, July 23rd. The construction company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.08. Taylor Morrison Home had a net margin of 10.72% and a return on equity of 16.22%. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same period last year, the firm posted $1.86 EPS. Taylor Morrison Home’s revenue for the quarter was up 2.0% on a year-over-year basis. Analysts forecast that Taylor Morrison Home will post 8.93 earnings per share for the current year.

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.