Brokerages Set Taylor Morrison Home Corporation (NYSE:TMHC) PT at $78.29

Taylor Morrison Home Corporation (NYSE:TMHC) has received a consensus recommendation of “Moderate Buy” from the ten research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $78.2857.

TMHC has been the topic of a number of research analyst reports. Bank of America restated a “neutral” rating on shares of Taylor Morrison Home in a research note on Tuesday, March 3rd. Citigroup initiated coverage on shares of Taylor Morrison Home in a report on Wednesday, January 7th. They issued an “outperform” rating on the stock. Barclays dropped their price objective on shares of Taylor Morrison Home from $71.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. Zacks Research cut shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. Finally, Royal Bank Of Canada lifted their target price on shares of Taylor Morrison Home from $62.00 to $68.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th.

Institutional Investors Weigh In On Taylor Morrison Home

A number of institutional investors have recently made changes to their positions in the company. AlphaQuest LLC boosted its stake in Taylor Morrison Home by 97.3% in the 3rd quarter. AlphaQuest LLC now owns 38,734 shares of the construction company’s stock valued at $2,557,000 after purchasing an additional 19,098 shares during the period. Penn Capital Management Company LLC bought a new position in Taylor Morrison Home during the 3rd quarter worth $13,201,000. Nordea Investment Management AB lifted its holdings in shares of Taylor Morrison Home by 10.0% during the third quarter. Nordea Investment Management AB now owns 193,249 shares of the construction company’s stock worth $12,689,000 after buying an additional 17,595 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Taylor Morrison Home in the third quarter valued at about $2,088,000. Finally, Pacer Advisors Inc. bought a new stake in shares of Taylor Morrison Home in the third quarter valued at about $1,357,000. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Price Performance

NYSE:TMHC opened at $58.06 on Tuesday. Taylor Morrison Home has a 12-month low of $51.90 and a 12-month high of $72.50. The firm has a market capitalization of $5.59 billion, a price-to-earnings ratio of 7.48, a P/E/G ratio of 7.97 and a beta of 1.58. The stock’s 50 day moving average price is $62.44 and its two-hundred day moving average price is $62.10. The company has a quick ratio of 1.55, a current ratio of 7.31 and a debt-to-equity ratio of 0.36.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company’s portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company’s heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.