Taylor Morrison Home (NYSE:TMHC) Trading 5.8% Higher

Taylor Morrison Home Co. (NYSE:TMHC) shares traded up 5.8% during trading on Thursday . The company traded as high as $33.70 and last traded at $33.64. 3,514 shares changed hands during trading, a decline of 100% from the average session volume of 744,997 shares. The stock had previously closed at $31.81.

A number of research analysts have recently commented on the company. BTIG Research raised their price target on Taylor Morrison Home from $38.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, October 28th. JPMorgan Chase & Co. lowered their target price on Taylor Morrison Home from $45.00 to $37.00 and set an “overweight” rating on the stock in a report on Thursday, October 14th. Barclays lifted their target price on Taylor Morrison Home from $42.00 to $45.00 and gave the stock an “overweight” rating in a report on Wednesday, December 15th. Royal Bank of Canada lifted their target price on Taylor Morrison Home from $32.00 to $34.00 and gave the stock a “sector perform” rating in a report on Thursday, October 28th. Finally, B. Riley lifted their target price on Taylor Morrison Home from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, October 28th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Taylor Morrison Home presently has an average rating of “Buy” and an average price target of $38.80.

The stock has a 50 day moving average of $33.11 and a two-hundred day moving average of $29.11. The stock has a market cap of $4.03 billion, a PE ratio of 8.72 and a beta of 1.79. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.62 and a current ratio of 5.32.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, October 27th. The construction company reported $1.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.13. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Taylor Morrison Home had a return on equity of 13.79% and a net margin of 7.40%. Taylor Morrison Home’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business posted $1.01 EPS. Analysts expect that Taylor Morrison Home Co. will post 5.1 EPS for the current fiscal year.

In other Taylor Morrison Home news, CFO C. David Cone sold 8,690 shares of the firm’s stock in a transaction dated Wednesday, October 27th. The stock was sold at an average price of $30.34, for a total transaction of $263,654.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William H. Lyon sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, November 17th. The stock was sold at an average price of $33.56, for a total value of $151,020.00. The disclosure for this sale can be found here. Insiders sold a total of 225,755 shares of company stock worth $7,682,975 in the last three months. 5.80% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Taylor Morrison Home by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 11,582,245 shares of the construction company’s stock worth $306,002,000 after acquiring an additional 216,673 shares during the period. State Street Corp lifted its holdings in shares of Taylor Morrison Home by 5.4% during the 2nd quarter. State Street Corp now owns 4,970,740 shares of the construction company’s stock valued at $131,327,000 after buying an additional 254,544 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Taylor Morrison Home by 0.4% during the 3rd quarter. Alliancebernstein L.P. now owns 4,386,895 shares of the construction company’s stock valued at $113,094,000 after buying an additional 17,131 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Taylor Morrison Home by 0.9% during the 3rd quarter. Macquarie Group Ltd. now owns 2,796,148 shares of the construction company’s stock valued at $72,085,000 after buying an additional 25,614 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Taylor Morrison Home by 1.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,388,112 shares of the construction company’s stock valued at $61,566,000 after buying an additional 27,921 shares during the last quarter. Hedge funds and other institutional investors own 92.89% of the company’s stock.

About Taylor Morrison Home (NYSE:TMHC)

Taylor Morrison Home Corp. engages in the business of residential homebuilding and the development of lifestyle communities. It operates through the following segments: East, Central, West, and Financial Services. The East segment includes operations in Atlanta, Charlotte, Chicago, Orlando, Raleigh, Southwest Florida, and Tampa regions.

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