Analysts Set Taylor Morrison Home Corporation (NYSE:TMHC) Target Price at $77.43

Taylor Morrison Home Corporation (NYSE:TMHC) has been given an average rating of “Hold” by the eleven brokerages that are presently covering the company, Marketbeat.com reports. Nine analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $77.4286.

Several research analysts have weighed in on the stock. Barclays reiterated an “equal weight” rating and issued a $73.00 price target (up from $69.00) on shares of Taylor Morrison Home in a research report on Tuesday, July 14th. Zacks Research upgraded Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 22nd. Wolfe Research cut Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a report on Wednesday, June 10th. Truist Financial decreased their target price on Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating on the stock in a report on Monday, June 1st. Finally, Bank of America lowered their target price on Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th.

Taylor Morrison Home Stock Performance

TMHC opened at $72.45 on Monday. The company’s 50 day moving average is $71.97 and its 200 day moving average is $64.99. The company has a current ratio of 7.66, a quick ratio of 1.45 and a debt-to-equity ratio of 0.37. The company has a market cap of $6.77 billion, a price-to-earnings ratio of 10.81, a PEG ratio of 1.70 and a beta of 1.44. Taylor Morrison Home has a 12-month low of $54.15 and a 12-month high of $72.50.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Foster & Motley Inc. bought a new position in shares of Taylor Morrison Home during the 2nd quarter valued at approximately $4,035,000. Meeder Advisory Services Inc. bought a new stake in Taylor Morrison Home during the 2nd quarter worth approximately $263,000. Nuance Investments LLC purchased a new position in Taylor Morrison Home during the second quarter valued at approximately $37,898,000. BlackRock Inc. purchased a new position in Taylor Morrison Home during the second quarter valued at approximately $1,003,494,000. Finally, Deutsche Bank AG bought a new position in shares of Taylor Morrison Home in the second quarter worth approximately $7,204,000. 95.16% of the stock is owned by hedge funds and other institutional investors.

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.