Taylor Morrison Home Co. (NYSE:TMHC) Receives $81.40 Consensus Target Price from Analysts

Taylor Morrison Home Co. (NYSE:TMHC) has been given an average recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $85.33.

Several research analysts have commented on TMHC shares. JPMorgan Chase & Co. lowered their price target on shares of Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating for the company in a report on Friday. StockNews.com upgraded shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. Royal Bank of Canada lifted their price target on Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Barclays raised Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $75.00 to $90.00 in a research report on Wednesday, December 11th. Finally, Wedbush raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $65.00 to $85.00 in a research report on Friday, October 25th.

Taylor Morrison Home Stock Performance

NYSE TMHC opened at $64.72 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69. The company has a market cap of $6.70 billion, a P/E ratio of 8.56 and a beta of 1.97. The stock has a 50-day moving average of $69.82 and a two-hundred day moving average of $64.87. Taylor Morrison Home has a 1-year low of $49.98 and a 1-year high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.06 by $0.31. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $1.96 billion. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The company’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.62 earnings per share. As a group, analysts anticipate that Taylor Morrison Home will post 8.44 EPS for the current year.

Insider Activity

In other Taylor Morrison Home news, EVP Darrell Sherman sold 26,757 shares of Taylor Morrison Home stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $70.00, for a total value of $1,872,990.00. Following the transaction, the executive vice president now directly owns 109,217 shares in the company, valued at approximately $7,645,190. This trade represents a 19.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William H. Lyon sold 24,284 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $74.46, for a total value of $1,808,186.64. Following the completion of the transaction, the director now directly owns 2,045,316 shares in the company, valued at approximately $152,294,229.36. The trade was a 1.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 128,621 shares of company stock valued at $9,164,869 in the last ninety days. 3.50% of the stock is currently owned by company insiders.

Institutional Trading of Taylor Morrison Home

Several hedge funds and other institutional investors have recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in Taylor Morrison Home during the third quarter worth $29,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Taylor Morrison Home in the third quarter valued at about $34,000. UMB Bank n.a. boosted its stake in shares of Taylor Morrison Home by 263.9% during the 3rd quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock worth $38,000 after acquiring an additional 388 shares in the last quarter. Peterson Financial Group Inc. purchased a new position in Taylor Morrison Home in the 3rd quarter valued at approximately $62,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Taylor Morrison Home during the second quarter worth $100,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

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.