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

Shares of Taylor Morrison Home Co. (NYSE:TMHC) have received a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $82.43.

TMHC has been the topic of several recent analyst reports. Royal Bank of Canada boosted their price target on Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Barclays upgraded shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $75.00 to $90.00 in a report on Wednesday, December 11th. Wolfe Research upgraded shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective on the stock in a report on Wednesday, January 8th. Finally, Seaport Res Ptn cut shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research report on Monday, January 27th.

Taylor Morrison Home Price Performance

Shares of NYSE TMHC opened at $61.59 on Monday. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $6.37 billion, a PE ratio of 7.44 and a beta of 2.03. The firm has a fifty day simple moving average of $62.95 and a 200 day simple moving average of $66.38. Taylor Morrison Home has a twelve month low of $53.17 and a twelve month high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. On average, sell-side analysts forecast that Taylor Morrison Home will post 8.93 EPS for the current year.

Insider Buying and Selling

In related news, Director David C. Merritt sold 2,402 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total transaction of $153,679.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Taylor Morrison Home

Large investors have recently bought and sold shares of the stock. CIBC Asset Management Inc lifted its position in shares of Taylor Morrison Home by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 3,302 shares of the construction company’s stock valued at $202,000 after purchasing an additional 173 shares in the last quarter. Pacer Advisors Inc. increased its stake in Taylor Morrison Home by 1.2% in the 4th quarter. Pacer Advisors Inc. now owns 15,428 shares of the construction company’s stock valued at $944,000 after buying an additional 180 shares during the last quarter. Captrust Financial Advisors lifted its position in shares of Taylor Morrison Home by 2.9% during the 3rd quarter. Captrust Financial Advisors now owns 8,340 shares of the construction company’s stock worth $586,000 after buying an additional 234 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Taylor Morrison Home by 43.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock worth $49,000 after buying an additional 243 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Taylor Morrison Home by 41.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company’s stock valued at $51,000 after acquiring an additional 243 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors.

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.