Barclays Increases Taylor Morrison Home (NYSE:TMHC) Price Target to $72.00

Taylor Morrison Home (NYSE:TMHC) had its price target upped by equities research analysts at Barclays from $62.00 to $72.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “equal weight” rating on the construction company’s stock. Barclays‘s price target would suggest a potential upside of 7.16% from the stock’s previous close.

A number of other research analysts have also issued reports on TMHC. Zelman & Associates upgraded Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research report on Friday, April 12th. Royal Bank of Canada boosted their price objective on Taylor Morrison Home from $63.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday. Raymond James began coverage on Taylor Morrison Home in a research report on Wednesday. They set an “outperform” rating and a $75.00 price objective for the company. Wedbush reaffirmed a “neutral” rating and set a $65.00 target price (up previously from $61.00) on shares of Taylor Morrison Home in a research note on Wednesday. Finally, StockNews.com downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $66.50.

Taylor Morrison Home Trading Up 2.5 %

NYSE:TMHC traded up $1.61 on Thursday, hitting $67.19. 455,781 shares of the stock were exchanged, compared to its average volume of 777,121. The stock has a market cap of $7.11 billion, a PE ratio of 9.57 and a beta of 1.95. The company has a current ratio of 6.16, a quick ratio of 0.91 and a debt-to-equity ratio of 0.39. The stock has a fifty day moving average of $57.66 and a 200-day moving average of $56.69. Taylor Morrison Home has a fifty-two week low of $37.23 and a fifty-two week high of $67.66.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Tuesday, April 30th. The construction company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.18. Taylor Morrison Home had a return on equity of 15.75% and a net margin of 10.30%. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same quarter last year, the firm earned $1.74 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, equities analysts expect that Taylor Morrison Home will post 7.62 earnings per share for the current fiscal year.

Insider Transactions at Taylor Morrison Home

In other news, CEO Sheryl Palmer sold 100,000 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $61.70, for a total value of $6,170,000.00. Following the sale, the chief executive officer now owns 19,211 shares of the company’s stock, valued at approximately $1,185,318.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Sheryl Palmer sold 100,000 shares of Taylor Morrison Home stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $61.70, for a total value of $6,170,000.00. Following the transaction, the chief executive officer now directly owns 19,211 shares in the company, valued at approximately $1,185,318.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William H. Lyon sold 30,000 shares of Taylor Morrison Home stock in a transaction on Thursday, July 18th. The stock was 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 owns 2,225,316 shares in the company, valued at $147,560,703.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 160,000 shares of company stock valued at $10,089,200. Corporate insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Taylor Morrison Home

Hedge funds have recently modified their holdings of the stock. Rise Advisors LLC acquired a new position in shares of Taylor Morrison Home in the 1st quarter worth $26,000. ICA Group Wealth Management LLC purchased a new position in shares of Taylor Morrison Home during the fourth quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Taylor Morrison Home during the second quarter valued at $31,000. Private Wealth Management Group LLC purchased a new position in shares of Taylor Morrison Home during the fourth quarter valued at $39,000. Finally, Daiwa Securities Group Inc. purchased a new position in shares of Taylor Morrison Home during the fourth quarter valued at $48,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

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.