Taylor Morrison Home Co. (NYSE:TMHC) Receives $82.43 Consensus Target Price from Brokerages

Shares of Taylor Morrison Home Co. (NYSE:TMHC) have been assigned a consensus rating of “Moderate Buy” from the nine analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $82.43.

Several equities analysts recently issued reports on the stock. Barclays upgraded shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $75.00 to $90.00 in a report on Wednesday, December 11th. Royal Bank of Canada boosted their price objective on Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Seaport Res Ptn cut Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research note on Monday, January 27th. StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. cut their price target on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th.

Taylor Morrison Home Trading Up 0.7 %

Shares of TMHC stock opened at $61.59 on Monday. Taylor Morrison Home has a 1-year low of $53.17 and a 1-year high of $75.49. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36. The stock has a market cap of $6.37 billion, a price-to-earnings ratio of 7.44 and a beta of 2.03. The stock has a 50-day moving average of $62.95 and a 200-day moving average of $66.30.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. On average, equities research analysts forecast that Taylor Morrison Home will post 8.93 earnings per share for the current year.

Insider Activity

In other news, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Taylor Morrison Home

Several large investors have recently added to or reduced their stakes in the business. Morse Asset Management Inc purchased a new stake in shares of Taylor Morrison Home in the fourth quarter worth approximately $29,000. Harbor Capital Advisors Inc. bought a new stake in Taylor Morrison Home during the third quarter worth $34,000. V Square Quantitative Management LLC raised its position in Taylor Morrison Home by 68.1% in the 4th quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company’s stock valued at $42,000 after buying an additional 277 shares during the last quarter. Quarry LP raised its position in Taylor Morrison Home by 202.1% in the 4th quarter. Quarry LP now owns 704 shares of the construction company’s stock valued at $43,000 after buying an additional 471 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in Taylor Morrison Home by 43.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock valued at $49,000 after acquiring an additional 243 shares in the last quarter. 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.