Taylor Morrison Home (NYSE:TMHC) PT Raised to $86.00 at BTIG Research

Taylor Morrison Home (NYSE:TMHC) had its price target boosted by BTIG Research from $78.00 to $86.00 in a research report sent to investors on Thursday morning, Benzinga reports. They currently have a buy rating on the construction company’s stock.

Several other brokerages also recently commented on TMHC. Royal Bank of Canada increased their price target on Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday. Wedbush reiterated a “neutral” rating and issued a $65.00 target price on shares of Taylor Morrison Home in a research note on Wednesday, October 23rd. Zelman & Associates raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. Barclays raised their price target on Taylor Morrison Home from $72.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, Raymond James began coverage on Taylor Morrison Home in a research report on Wednesday, July 24th. They set an “outperform” rating and a $75.00 price objective for the company. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.83.

Taylor Morrison Home Stock Up 0.2 %

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 1-year low of $37.23 and a 1-year high of $71.95. The firm’s fifty day simple moving average is $67.58 and its 200-day simple moving average is $61.66. The company has a market capitalization of $7.25 billion, a P/E ratio of 9.80 and a beta of 1.96.

Taylor Morrison Home (NYSE:TMHC) last posted 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. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.96 billion. Taylor Morrison Home had a return on equity of 14.99% and a net margin of 9.92%. The business’s revenue was up 26.6% compared to the same quarter last year. During the same period last year, the company earned $1.62 earnings per share. Sell-side analysts forecast that Taylor Morrison Home will post 8.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Bank of New York Mellon Corp increased its holdings in Taylor Morrison Home by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,066,470 shares of the construction company’s stock valued at $59,125,000 after buying an additional 4,638 shares during the period. Assenagon Asset Management S.A. lifted its stake in Taylor Morrison Home by 271.0% during the third quarter. Assenagon Asset Management S.A. now owns 896,032 shares of the construction company’s stock worth $62,955,000 after purchasing an additional 654,541 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Taylor Morrison Home by 7.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 846,270 shares of the construction company’s stock worth $59,459,000 after buying an additional 60,021 shares during the period. Wedge Capital Management L L P NC boosted its stake in Taylor Morrison Home by 1.5% in the 3rd quarter. Wedge Capital Management L L P NC now owns 738,830 shares of the construction company’s stock valued at $51,910,000 after buying an additional 10,911 shares in the last quarter. Finally, Hodges Capital Management Inc. lifted its holdings in shares of Taylor Morrison Home by 26.4% during the second quarter. Hodges Capital Management Inc. now owns 447,918 shares of the construction company’s stock valued at $24,833,000 after acquiring an additional 93,567 shares during the period. 95.16% of the stock is currently owned by institutional investors and hedge funds.

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.