Taylor Morrison Home Corporation (NYSE:TMHC) Given Consensus Recommendation of “Hold” by Brokerages

Taylor Morrison Home Corporation (NYSE:TMHC – Get Free Report) has earned a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the firm, MarketBeat reports. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $77.4286.

A number of brokerages have commented on TMHC. Citigroup lowered shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research note on Monday, June 1st. Zacks Research upgraded shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 22nd. Bank of America reduced their price objective on shares of Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Truist Financial decreased their target price on shares of Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating for the company in a research report on Monday, June 1st. Finally, Barclays restated an “equal weight” rating and issued a $73.00 target price (up from $69.00) on shares of Taylor Morrison Home in a report on Tuesday.

Get Taylor Morrison Home alerts:

Check Out Our Latest Stock Analysis on Taylor Morrison Home

Institutional Trading of Taylor Morrison Home

Institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its holdings in Taylor Morrison Home by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,401,801 shares of the construction company’s stock worth $376,876,000 after buying an additional 57,326 shares in the last quarter. AQR Capital Management LLC lifted its stake in Taylor Morrison Home by 67.6% during the 4th quarter. AQR Capital Management LLC now owns 3,710,885 shares of the construction company’s stock valued at $218,274,000 after acquiring an additional 1,497,329 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Taylor Morrison Home by 96.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,554,498 shares of the construction company’s stock valued at $148,774,000 after acquiring an additional 1,251,558 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Taylor Morrison Home by 2.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,398,394 shares of the construction company’s stock worth $141,194,000 after acquiring an additional 60,236 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in Taylor Morrison Home by 10.4% during the 4th quarter. Morgan Stanley now owns 1,973,433 shares of the construction company’s stock worth $116,176,000 after acquiring an additional 185,381 shares during the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Taylor Morrison Home Trading Down 0.1%

Shares of Taylor Morrison Home stock opened at $71.89 on Thursday. The stock has a market capitalization of $6.72 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 1.69 and a beta of 1.44. Taylor Morrison Home has a 52 week low of $54.15 and a 52 week high of $72.50. The stock has a 50 day moving average price of $67.01 and a two-hundred day moving average price of $63.65. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.45 and a current ratio of 7.66.

Taylor Morrison Home (NYSE:TMHC – Get Free Report) last issued its earnings results on Wednesday, April 22nd. The construction company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.30. Taylor Morrison Home had a return on equity of 11.48% and a net margin of 8.77%.The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the firm earned $2.07 earnings per share. Taylor Morrison Home’s revenue for the quarter was down 26.8% on a year-over-year basis. As a group, equities analysts anticipate that Taylor Morrison Home will post 5.26 earnings per share for the current fiscal year.

About Taylor Morrison Home

(Get Free Report)

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company’s portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company’s heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.

Read More

• Five stocks we like better than Taylor Morrison Home
• Why Johnson & Johnson’s Earnings Dip Looks Like a Buying Opportunity
• CPI Comes In Cool: Why It Could Revive These 3 Rate-Sensitive Stocks
• Why ASML’s AI Monopoly Is Still Getting Stronger
• Apple’s AI Toll Booth Thesis Faces Its Biggest Test Yet Before Earnings

Receive News & Ratings for Taylor Morrison Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taylor Morrison Home and related companies with MarketBeat.com's FREE daily email newsletter.