Taylor Morrison Home Co. (NYSE:TMHC) Receives $82.43 Consensus PT from Analysts

Taylor Morrison Home Co. (NYSE:TMHC) has been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $82.43.

A number of brokerages have commented on TMHC. 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. Wolfe Research raised shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a research note on Wednesday, January 8th. Barclays upgraded shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $75.00 to $90.00 in a research report on Wednesday, December 11th. Royal Bank of Canada increased their price objective on Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Finally, StockNews.com downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th.

Insider Buying and Selling

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

Institutional Investors Weigh In On Taylor Morrison Home

Several large investors have recently modified their holdings of the business. Lord Abbett & CO. LLC increased its position in shares of Taylor Morrison Home by 2.5% during the third quarter. Lord Abbett & CO. LLC now owns 463,287 shares of the construction company’s stock worth $32,550,000 after acquiring an additional 11,302 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Taylor Morrison Home by 3.5% during the third quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock worth $144,144,000 after buying an additional 69,222 shares during the period. Intech Investment Management LLC bought a new position in shares of Taylor Morrison Home during the third quarter worth about $1,899,000. Sheets Smith Wealth Management acquired a new stake in Taylor Morrison Home in the 4th quarter valued at approximately $550,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Taylor Morrison Home by 26.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company’s stock valued at $95,696,000 after acquiring an additional 282,227 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors.

Taylor Morrison Home Stock Up 0.6 %

Shares of TMHC opened at $61.27 on Friday. The company has a market capitalization of $6.23 billion, a P/E ratio of 7.40 and a beta of 2.06. Taylor Morrison Home has a one year low of $53.17 and a one year high of $75.49. The business’s 50 day simple moving average is $62.52 and its 200-day simple moving average is $65.71. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 EPS for the quarter, topping 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%. As a group, sell-side analysts predict that Taylor Morrison Home will post 8.93 EPS for the current fiscal year.

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.