Taylor Morrison Home (NYSE:TMHC) Rating Reiterated by Wedbush

Wedbush reissued their neutral rating on shares of Taylor Morrison Home (NYSE:TMHC) in a report issued on Wednesday, Benzinga reports. They currently have a $65.00 price objective on the construction company’s stock.

TMHC has been the topic of several other research reports. Zelman & Associates upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. Raymond James began coverage on shares of Taylor Morrison Home in a research report on Wednesday, July 24th. They set an “outperform” rating and a $75.00 target price on the stock. Barclays lifted their price target on shares of Taylor Morrison Home from $62.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. Royal Bank of Canada increased their price objective on shares of Taylor Morrison Home from $63.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, BTIG Research raised shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 price objective on the stock in a research note on Monday, August 19th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $70.17.

Taylor Morrison Home Price Performance

Shares of TMHC stock opened at $67.22 on Wednesday. The company has a current ratio of 6.01, a quick ratio of 0.67 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $7.01 billion, a price-to-earnings ratio of 9.99 and a beta of 1.96. The firm’s 50 day moving average is $67.31 and its 200-day moving average is $61.53. Taylor Morrison Home has a 1 year low of $37.23 and a 1 year high of $71.95.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, July 24th. The construction company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.06. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.87 billion. Taylor Morrison Home had a return on equity of 14.99% and a net margin of 9.92%. Sell-side analysts forecast that Taylor Morrison Home will post 8.15 EPS for the current fiscal year.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, Director William H. Lyon sold 1,741 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $68.03, for a total value of $118,440.23. Following the sale, the director now directly owns 2,195,316 shares in the company, valued at approximately $149,347,347.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Taylor Morrison Home news, Director William H. Lyon sold 1,741 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $68.03, for a total value of $118,440.23. Following the completion of the transaction, the director now directly owns 2,195,316 shares of the company’s stock, valued at approximately $149,347,347.48. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William H. Lyon sold 28,259 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $68.25, for a total value of $1,928,676.75. Following the sale, the director now directly owns 2,197,057 shares in the company, valued at approximately $149,949,140.25. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,072 shares of company stock worth $2,052,157. 3.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. V Square Quantitative Management LLC acquired a new stake in shares of Taylor Morrison Home during the third quarter worth $29,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Taylor Morrison Home in the 2nd quarter valued at about $31,000. UMB Bank n.a. lifted its holdings 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 purchasing an additional 388 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of Taylor Morrison Home during the first quarter worth about $82,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Taylor Morrison Home during the first quarter worth about $91,000. 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.