Taylor Morrison Home (NYSE:TMHC) Raised to Overweight at Barclays

Taylor Morrison Home (NYSE:TMHC) was upgraded by analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a $90.00 price objective on the construction company’s stock, up from their prior price objective of $75.00. Barclays‘s target price points to a potential upside of 31.87% from the company’s current price.

Several other brokerages have also recently issued reports on TMHC. Royal Bank of Canada lifted their target price on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. BTIG Research boosted their price target on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. 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 target price (up from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Finally, Wedbush raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating and increased their price target for the company from $65.00 to $85.00 in a report on Friday, October 25th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Taylor Morrison Home has a consensus rating of “Moderate Buy” and an average target price of $84.40.

Taylor Morrison Home Price Performance

Shares of NYSE TMHC opened at $68.25 on Wednesday. The firm has a fifty day moving average of $69.96 and a 200 day moving average of $64.73. Taylor Morrison Home has a one year low of $46.73 and a one year high of $75.49. The firm has a market cap of $7.06 billion, a PE ratio of 9.03 and a beta of 1.97. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24.

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

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, EVP Darrell Sherman sold 26,757 shares of Taylor Morrison Home stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 109,217 shares in the company, valued at $7,645,190. This trade represents a 19.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William H. Lyon sold 24,284 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the transaction, the director now directly owns 2,045,316 shares of the company’s stock, valued at $152,294,229.36. The trade was a 1.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 128,621 shares of company stock worth $9,164,869. Insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Taylor Morrison Home

Institutional investors and hedge funds have recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new stake in Taylor Morrison Home during the 3rd quarter worth approximately $29,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Taylor Morrison Home during the third quarter worth $34,000. UMB Bank n.a. raised its stake in shares of Taylor Morrison Home by 263.9% in the third quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock valued at $38,000 after acquiring an additional 388 shares in the last quarter. Peterson Financial Group Inc. purchased a new position in Taylor Morrison Home in the third quarter valued at $62,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Taylor Morrison Home in the 2nd quarter valued at about $100,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

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.