Taylor Morrison Home Co. (NYSE:TMHC) Receives $77.33 Average Price Target from Analysts

Shares of Taylor Morrison Home Co. (NYSE:TMHC) have been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $77.33.

A number of brokerages recently issued reports on TMHC. StockNews.com upgraded shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. Raymond James restated an “outperform” rating and set a $84.00 price objective (up previously from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. BTIG Research upped their price target on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Wedbush upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and upped their price target for the company from $65.00 to $85.00 in a report on Friday, October 25th. Finally, Barclays upped their price target on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th.

Insider Transactions at Taylor Morrison Home

In other Taylor Morrison Home news, EVP Darrell Sherman sold 26,757 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $70.00, for a total transaction of $1,872,990.00. Following the sale, the executive vice president now directly owns 109,217 shares of the company’s stock, valued at approximately $7,645,190. This represents a 19.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William H. Lyon sold 9,075 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $72.08, for a total transaction of $654,126.00. Following the sale, the director now directly owns 2,136,241 shares in the company, valued at $153,980,251.28. This trade represents a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,337 shares of company stock valued at $7,356,683 over the last 90 days. 3.50% of the stock is owned by corporate insiders.

Institutional Trading of Taylor Morrison Home

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MQS Management LLC bought a new stake in Taylor Morrison Home during the third quarter worth $768,000. Janus Henderson Group PLC raised its position in Taylor Morrison Home by 22.3% during the first quarter. Janus Henderson Group PLC now owns 76,608 shares of the construction company’s stock worth $4,761,000 after acquiring an additional 13,987 shares in the last quarter. Wedge Capital Management L L P NC raised its position in Taylor Morrison Home by 1,910.4% during the second quarter. Wedge Capital Management L L P NC now owns 727,919 shares of the construction company’s stock worth $40,356,000 after acquiring an additional 691,711 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in Taylor Morrison Home by 25.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 37,829 shares of the construction company’s stock worth $2,352,000 after acquiring an additional 7,780 shares in the last quarter. Finally, Creative Planning raised its position in Taylor Morrison Home by 46.3% during the third quarter. Creative Planning now owns 29,723 shares of the construction company’s stock worth $2,088,000 after acquiring an additional 9,408 shares in the last quarter. 95.16% of the stock is owned by institutional investors.

Taylor Morrison Home Trading Up 2.3 %

Shares of NYSE TMHC opened at $71.07 on Friday. Taylor Morrison Home has a 1-year low of $44.32 and a 1-year high of $74.69. The company has a market cap of $7.35 billion, a PE ratio of 9.40 and a beta of 1.96. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average of $69.40 and a two-hundred day moving average of $63.50.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.06 by $0.31. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the previous year, the company earned $1.62 EPS. Taylor Morrison Home’s revenue was up 26.6% on a year-over-year basis. As a group, equities analysts expect that Taylor Morrison Home will post 8.44 earnings per share for the current fiscal year.

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.