Taylor Morrison Home Co. (NYSE:TMHC) Receives $76.88 Average PT from Brokerages

Shares of Taylor Morrison Home Co. (NYSE:TMHC) have been given an average recommendation of “Moderate Buy” by the ten analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $76.88.

TMHC has been the topic of a number of research reports. Royal Bank of Canada raised their price objective on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Wall Street Zen downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Sunday, June 1st. BTIG Research set a $75.00 price objective on shares of Taylor Morrison Home and gave the stock a “buy” rating in a report on Wednesday, April 16th. Bank of America initiated coverage on shares of Taylor Morrison Home in a report on Monday, May 5th. They issued a “buy” rating and a $70.00 price objective on the stock. Finally, JPMorgan Chase & Co. dropped their price objective on shares of 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 Stock Down 1.5%

NYSE:TMHC opened at $57.23 on Wednesday. The firm has a market cap of $5.74 billion, a P/E ratio of 6.91 and a beta of 1.57. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. Taylor Morrison Home has a fifty-two week low of $51.90 and a fifty-two week high of $75.49. The firm has a 50-day simple moving average of $57.48 and a two-hundred day simple moving average of $61.47.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings results on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.33. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the previous year, the business posted $1.75 earnings per share. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. Analysts predict that Taylor Morrison Home will post 8.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Joseph Terracciano sold 1,537 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total transaction of $93,372.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TMHC. Morse Asset Management Inc acquired a new position in Taylor Morrison Home during the fourth quarter worth $29,000. GAMMA Investing LLC raised its position in Taylor Morrison Home by 193.0% in the first quarter. GAMMA Investing LLC now owns 674 shares of the construction company’s stock worth $40,000 after acquiring an additional 444 shares in the last quarter. V Square Quantitative Management LLC raised its position in Taylor Morrison Home by 68.1% in the fourth quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company’s stock worth $42,000 after acquiring an additional 277 shares in the last quarter. Quarry LP raised its position in Taylor Morrison Home by 202.1% in the fourth quarter. Quarry LP now owns 704 shares of the construction company’s stock worth $43,000 after acquiring an additional 471 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in Taylor Morrison Home by 49.5% in the first quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company’s stock worth $48,000 after acquiring an additional 262 shares in the last quarter. Institutional investors and hedge funds 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.