Taylor Morrison Home (NYSE:TMHC) Earns Outperform Rating from Analysts at Raymond James

Raymond James initiated coverage on shares of Taylor Morrison Home (NYSE:TMHC) in a research report report published on Wednesday, Marketbeat reports. The firm issued an outperform rating and a $75.00 price target on the construction company’s stock.

TMHC has been the subject of a number of other research reports. Barclays cut their price objective on Taylor Morrison Home from $65.00 to $62.00 and set an equal weight rating for the company in a research report on Friday, July 12th. Wedbush reiterated an outperform rating and issued a $61.00 target price on shares of Taylor Morrison Home in a report on Thursday, May 30th. Royal Bank of Canada boosted their price objective on shares of Taylor Morrison Home from $61.00 to $63.00 and gave the company an outperform rating in a research report on Wednesday, May 1st. StockNews.com cut shares of Taylor Morrison Home from a buy rating to a hold rating in a research note on Friday, July 19th. Finally, Zelman & Associates raised shares of Taylor Morrison Home from an underperform rating to a neutral rating in a research report on Friday, April 12th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $68.60.

Taylor Morrison Home Price Performance

NYSE:TMHC opened at $67.29 on Wednesday. The stock has a market cap of $7.12 billion, a PE ratio of 9.63 and a beta of 1.95. The company has a quick ratio of 0.91, a current ratio of 6.01 and a debt-to-equity ratio of 0.39. The business’s 50-day simple moving average is $57.92 and its two-hundred day simple moving average is $56.90. Taylor Morrison Home has a 52 week low of $37.23 and a 52 week high of $68.92.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Tuesday, April 30th. The construction company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.18. Taylor Morrison Home had a return on equity of 14.99% and a net margin of 9.92%. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the prior year, the company posted $1.74 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, analysts forecast that Taylor Morrison Home will post 7.78 EPS for the current fiscal year.

Insider Buying and Selling at Taylor Morrison Home

In other news, CEO Sheryl Palmer sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $61.70, for a total value of $6,170,000.00. Following the completion of the sale, the chief executive officer now owns 19,211 shares of the company’s stock, valued at approximately $1,185,318.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director William H. Lyon sold 30,000 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $66.31, for a total transaction of $1,989,300.00. Following the completion of the sale, the director now owns 2,225,316 shares in the company, valued at approximately $147,560,703.96. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Sheryl Palmer sold 100,000 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $61.70, for a total value of $6,170,000.00. Following the completion of the sale, the chief executive officer now owns 19,211 shares of the company’s stock, valued at $1,185,318.70. The disclosure for this sale can be found here. Insiders sold a total of 160,000 shares of company stock valued at $10,089,200 in the last ninety days. Corporate insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Rise Advisors LLC purchased a new stake in shares of Taylor Morrison Home during the 1st quarter worth about $26,000. ICA Group Wealth Management LLC purchased a new position in shares of Taylor Morrison Home during the 4th quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Taylor Morrison Home in the 2nd quarter worth $31,000. Private Wealth Management Group LLC acquired a new position in Taylor Morrison Home during the fourth quarter worth $39,000. Finally, Daiwa Securities Group Inc. purchased a new position in Taylor Morrison Home during the fourth quarter valued at $48,000. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

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.