Barclays Increases Taylor Morrison Home (NYSE:TMHC) Price Target to $75.00

Taylor Morrison Home (NYSE:TMHC) had its price objective lifted by Barclays from $72.00 to $75.00 in a research report sent to investors on Thursday morning, Benzinga reports. Barclays currently has an equal weight rating on the construction company’s stock.

TMHC has been the subject of a number of other research reports. Zelman & Associates raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. 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. Raymond James assumed coverage on shares of Taylor Morrison Home in a research note on Wednesday, July 24th. They issued an “outperform” rating and a $75.00 target price on the stock. Wedbush restated a “neutral” rating and issued a $65.00 price target on shares of Taylor Morrison Home in a research report on Wednesday, October 23rd. Finally, BTIG Research raised 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. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Taylor Morrison Home has a consensus rating of “Moderate Buy” and an average price target of $75.83.

Taylor Morrison Home Trading Up 0.2 %

Shares of Taylor Morrison Home stock opened at $68.52 on Thursday. The company has a current ratio of 6.01, a quick ratio of 0.67 and a debt-to-equity ratio of 0.39. Taylor Morrison Home has a twelve month low of $37.23 and a twelve month high of $71.95. The firm has a market capitalization of $7.25 billion, a PE ratio of 9.80 and a beta of 1.96. The firm’s 50-day moving average price is $67.58 and its 200 day moving average price is $61.66.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.06 by $0.31. Taylor Morrison Home had a return on equity of 14.99% and a net margin of 9.92%. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the business posted $1.62 earnings per share. The business’s quarterly revenue was up 26.6% compared to the same quarter last year. On average, sell-side analysts predict that Taylor Morrison Home will post 8.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Forum Financial Management LP grew its holdings in shares of Taylor Morrison Home by 3.9% during the 2nd quarter. Forum Financial Management LP now owns 4,430 shares of the construction company’s stock worth $246,000 after purchasing an additional 165 shares during the period. Resonant Capital Advisors LLC boosted its stake in Taylor Morrison Home by 2.1% during the third quarter. Resonant Capital Advisors LLC now owns 9,103 shares of the construction company’s stock worth $640,000 after buying an additional 191 shares during the period. TCW Group Inc. increased its position in shares of Taylor Morrison Home by 0.4% during the second quarter. TCW Group Inc. now owns 52,193 shares of the construction company’s stock valued at $2,894,000 after acquiring an additional 213 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Taylor Morrison Home by 0.9% in the 2nd quarter. Arizona State Retirement System now owns 29,795 shares of the construction company’s stock valued at $1,652,000 after acquiring an additional 266 shares during the period. Finally, SummerHaven Investment Management LLC boosted its position in shares of Taylor Morrison Home by 1.8% during the 2nd quarter. SummerHaven Investment Management LLC now owns 14,831 shares of the construction company’s stock worth $822,000 after purchasing an additional 267 shares during the period. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Taylor Morrison Home Company Profile

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.