Taylor Morrison Home’s (TMHC) Neutral Rating Reiterated at Bank of America

Bank of America reiterated their neutral rating on shares of Taylor Morrison Home (NYSE:TMHC) in a research note issued to investors on Friday morning, MarketBeat Ratings reports. Bank of America currently has a $70.00 price objective on the construction company’s stock, up from their previous price objective of $68.00.

TMHC has been the topic of several other research reports. Barclays reaffirmed an “overweight” rating and set a $71.00 price target on shares of Taylor Morrison Home in a research note on Monday, December 8th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $62.00 price target on shares of Taylor Morrison Home in a research note on Friday, January 9th. Wedbush restated an “outperform” rating and set a $85.00 price objective on shares of Taylor Morrison Home in a research note on Thursday, October 23rd. Zacks Research upgraded Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 23rd. Finally, Citizens Jmp assumed coverage on Taylor Morrison Home in a research report on Wednesday, January 7th. They issued a “market outperform” rating and a $95.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $77.14.

Taylor Morrison Home Stock Performance

Taylor Morrison Home stock opened at $63.26 on Friday. The firm has a market capitalization of $6.18 billion, a PE ratio of 7.62 and a beta of 1.59. Taylor Morrison Home has a one year low of $51.90 and a one year high of $72.50. The stock’s 50 day moving average price is $60.99 and its 200 day moving average price is $63.31. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.02 and a current ratio of 7.02.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, October 22nd. The construction company reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.18. Taylor Morrison Home had a net margin of 10.16% and a return on equity of 15.23%. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the firm posted $2.40 earnings per share. The business’s quarterly revenue was down 1.2% on a year-over-year basis. As a group, sell-side analysts expect that Taylor Morrison Home will post 8.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Kendall Capital Management increased its holdings in shares of Taylor Morrison Home by 22.0% in the 4th quarter. Kendall Capital Management now owns 26,245 shares of the construction company’s stock valued at $1,545,000 after acquiring an additional 4,735 shares during the last quarter. BTC Capital Management Inc. boosted its holdings in Taylor Morrison Home by 5.6% in the fourth quarter. BTC Capital Management Inc. now owns 6,982 shares of the construction company’s stock worth $412,000 after purchasing an additional 372 shares during the period. Foster & Motley Inc. increased its stake in Taylor Morrison Home by 10.6% during the fourth quarter. Foster & Motley Inc. now owns 51,431 shares of the construction company’s stock valued at $3,028,000 after purchasing an additional 4,917 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in Taylor Morrison Home by 12.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 649,140 shares of the construction company’s stock valued at $38,215,000 after purchasing an additional 70,600 shares during the last quarter. Finally, BOS Asset Management LLC raised its holdings in shares of Taylor Morrison Home by 2.2% during the fourth quarter. BOS Asset Management LLC now owns 15,623 shares of the construction company’s stock worth $920,000 after purchasing an additional 341 shares during the period. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Company Profile

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.