Taylor Morrison Home Co. (NYSE:TMHC) Given Consensus Rating of “Hold” by Brokerages

Shares of Taylor Morrison Home Co. (NYSE:TMHC – Get Rating) have been given a consensus recommendation of “Hold” by the eight research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $34.50.

Several analysts have commented on TMHC shares. B. Riley lowered their price target on Taylor Morrison Home from $45.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday, April 6th. Barclays lowered Taylor Morrison Home from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $41.00 to $33.00 in a research note on Thursday, March 31st. Credit Suisse Group started coverage on Taylor Morrison Home in a research note on Tuesday, April 5th. They issued a “neutral” rating and a $32.00 price objective on the stock. Zacks Investment Research lowered Taylor Morrison Home from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. reduced their price objective on Taylor Morrison Home from $40.00 to $30.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 13th.

In related news, Director Denise Warren sold 3,671 shares of the business’s stock in a transaction that occurred on Monday, February 14th. The stock was sold at an average price of $29.50, for a total transaction of $108,294.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 5,149 shares of company stock worth $152,974 over the last three months. 5.80% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP raised its position in shares of Taylor Morrison Home by 7.6% in the 1st quarter. First Trust Advisors LP now owns 128,314 shares of the construction company’s stock valued at $2,278,000 after purchasing an additional 9,112 shares in the last quarter. Morgan Stanley raised its position in shares of Taylor Morrison Home by 40.8% in the 2nd quarter. Morgan Stanley now owns 559,522 shares of the construction company’s stock valued at $14,783,000 after purchasing an additional 162,192 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in shares of Taylor Morrison Home by 12.4% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 96,795 shares of the construction company’s stock valued at $2,495,000 after purchasing an additional 10,674 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Taylor Morrison Home by 13.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 14,470 shares of the construction company’s stock valued at $373,000 after purchasing an additional 1,731 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Taylor Morrison Home by 100.0% in the 3rd quarter. Nordea Investment Management AB now owns 91,396 shares of the construction company’s stock valued at $2,420,000 after purchasing an additional 45,698 shares in the last quarter. 93.51% of the stock is currently owned by hedge funds and other institutional investors.

TMHC opened at $27.73 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 5.38 and a quick ratio of 1.03. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 5.30 and a beta of 1.78. The business has a 50-day moving average of $29.07 and a two-hundred day moving average of $30.52. Taylor Morrison Home has a 12 month low of $22.64 and a 12 month high of $35.51.

Taylor Morrison Home (NYSE:TMHC – Get Rating) last posted its quarterly earnings results on Tuesday, February 8th. The construction company reported $2.19 EPS for the quarter, beating the consensus estimate of $2.09 by $0.10. The company had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.60 billion. Taylor Morrison Home had a return on equity of 17.63% and a net margin of 8.84%. The firm’s revenue was up 60.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.87 EPS. Equities research analysts anticipate that Taylor Morrison Home will post 8.32 earnings per share for the current year.

Taylor Morrison Home Company Profile (Get Rating)

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 also develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name; and offers title insurance and closing settlement services, as well as financial services.

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