Taylor Morrison Home Co. (NYSE:TMHC) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Taylor Morrison Home Co. (NYSE:TMHC) have been assigned a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $70.17.

Several research analysts have issued reports on the company. StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. BTIG Research raised Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 target price on the stock in a research report on Monday, August 19th. Royal Bank of Canada increased their price target on Taylor Morrison Home from $63.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Wedbush reissued a “neutral” rating and issued a $65.00 price target (up previously from $61.00) on shares of Taylor Morrison Home in a research note on Wednesday, July 24th. Finally, Barclays upped their price objective on shares of Taylor Morrison Home from $62.00 to $72.00 and gave the company an “equal weight” rating in a research note on Thursday, July 25th.

Insider Buying and Selling at Taylor Morrison Home

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

Institutional Trading of Taylor Morrison Home

A number of institutional investors have recently added to or reduced their stakes in TMHC. Bank of New York Mellon Corp raised its holdings in shares of Taylor Morrison Home by 0.4% during 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 purchasing an additional 4,638 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake 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 acquiring an additional 60,021 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in shares of Taylor Morrison Home by 1.5% during the 3rd quarter. Wedge Capital Management L L P NC now owns 738,830 shares of the construction company’s stock worth $51,910,000 after acquiring an additional 10,911 shares in the last quarter. Hodges Capital Management Inc. increased its holdings in shares of Taylor Morrison Home by 26.4% during the 2nd 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 last quarter. Finally, Lord Abbett & CO. LLC lifted its holdings in Taylor Morrison Home by 203.0% in the 1st quarter. Lord Abbett & CO. LLC now owns 440,717 shares of the construction company’s stock worth $27,400,000 after purchasing an additional 295,256 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Taylor Morrison Home Price Performance

NYSE:TMHC opened at $67.64 on Tuesday. Taylor Morrison Home has a 52-week low of $37.23 and a 52-week high of $71.95. The company has a quick ratio of 0.67, a current ratio of 6.01 and a debt-to-equity ratio of 0.39. The firm has a market cap of $7.05 billion, a P/E ratio of 10.05 and a beta of 1.96. The business’s 50-day moving average price is $67.09 and its 200 day moving average price is $61.45.

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

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.