Barclays Issues Pessimistic Forecast for Taylor Morrison Home (NYSE:TMHC) Stock Price

Taylor Morrison Home (NYSE:TMHC) had its price target reduced by Barclays from $90.00 to $70.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have an overweight rating on the construction company’s stock.

Several other research analysts also recently weighed in on the stock. Royal Bank of Canada upped their target price 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. StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their price target on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Seaport Res Ptn raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Thursday, March 6th. Finally, Wolfe Research raised shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 target price on the stock in a report on Wednesday, January 8th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $79.57.

Taylor Morrison Home Stock Down 5.1 %

NYSE TMHC opened at $53.91 on Tuesday. The stock’s 50-day moving average price is $61.14 and its 200-day moving average price is $65.11. The company has a market capitalization of $5.48 billion, a P/E ratio of 6.51 and a beta of 1.76. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. Taylor Morrison Home has a 52 week low of $53.15 and a 52 week high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. On average, equities research analysts predict that Taylor Morrison Home will post 8.93 earnings per share for the current year.

Insider Buying and Selling at Taylor Morrison Home

In other news, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total value of $153,679.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Joseph Terracciano sold 1,537 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total value of $93,372.75. The disclosure for this sale can be found here. 3.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Taylor Morrison Home

A number of large investors have recently made changes to their positions in the company. Norges Bank bought a new stake in Taylor Morrison Home in the fourth quarter worth about $93,810,000. Boston Partners raised its holdings in shares of Taylor Morrison Home by 88.7% in the fourth quarter. Boston Partners now owns 594,347 shares of the construction company’s stock worth $36,794,000 after buying an additional 279,361 shares during the period. Cubist Systematic Strategies LLC purchased a new position in Taylor Morrison Home during the 4th quarter valued at $14,736,000. Point72 Asset Management L.P. bought a new position in Taylor Morrison Home in the 4th quarter valued at $13,332,000. Finally, Northern Trust Corp increased its stake in Taylor Morrison Home by 13.4% in the fourth quarter. Northern Trust Corp now owns 1,670,241 shares of the construction company’s stock worth $102,235,000 after purchasing an additional 197,880 shares during the period. 95.16% of the stock is 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.