StockNews.com Begins Coverage on Taylor Morrison Home (NYSE:TMHC)

StockNews.com started coverage on shares of Taylor Morrison Home (NYSE:TMHC – Get Rating) in a research note published on Thursday morning. The brokerage issued a buy rating on the construction company’s stock.

A number of other research firms have also commented on TMHC. Credit Suisse Group raised their price target on shares of Taylor Morrison Home from $33.00 to $41.00 and gave the stock an outperform rating in a research report on Thursday, February 16th. Barclays raised their price target on shares of Taylor Morrison Home from $35.00 to $40.00 and gave the stock an equal weight rating in a research report on Thursday, February 16th. Finally, JPMorgan Chase & Co. raised their price target on shares of Taylor Morrison Home from $29.50 to $39.50 in a research report on Tuesday, November 22nd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $34.21.

Taylor Morrison Home Price Performance

Shares of TMHC opened at $35.55 on Thursday. The firm has a market capitalization of $3.85 billion, a PE ratio of 3.90 and a beta of 1.69. The company’s 50-day moving average is $35.01 and its 200-day moving average is $29.92. Taylor Morrison Home has a fifty-two week low of $20.05 and a fifty-two week high of $37.65. The company has a debt-to-equity ratio of 0.53, a current ratio of 5.59 and a quick ratio of 1.01.

Taylor Morrison Home (NYSE:TMHC – Get Rating) last issued its quarterly earnings data on Wednesday, February 15th. The construction company reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.91 by $0.02. The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.32 billion. Taylor Morrison Home had a net margin of 12.80% and a return on equity of 24.86%. The company’s revenue was down .5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.19 earnings per share. Equities analysts forecast that Taylor Morrison Home will post 6.46 EPS for the current year.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, CFO Louis Steffens sold 8,890 shares of the firm’s stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $36.97, for a total value of $328,663.30. Following the transaction, the chief financial officer now directly owns 65,772 shares of the company’s stock, valued at approximately $2,431,590.84. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Louis Steffens sold 8,890 shares of the firm’s stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $36.97, for a total value of $328,663.30. Following the sale, the chief financial officer now directly owns 65,772 shares in the company, valued at approximately $2,431,590.84. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David C. Merritt sold 8,737 shares of the firm’s stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $32.00, for a total transaction of $279,584.00. Following the completion of the sale, the director now owns 2,402 shares in the company, valued at $76,864. The disclosure for this sale can be found here. Insiders have sold a total of 220,627 shares of company stock valued at $7,741,705 in the last ninety days. 5.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Taylor Morrison Home

Hedge funds have recently added to or reduced their stakes in the business. TCI Wealth Advisors Inc. boosted its position in Taylor Morrison Home by 87.7% during the 4th quarter. TCI Wealth Advisors Inc. now owns 933 shares of the construction company’s stock worth $28,000 after buying an additional 436 shares during the period. Lazard Asset Management LLC acquired a new stake in Taylor Morrison Home during the 1st quarter worth approximately $44,000. Investors Asset Management of Georgia Inc. GA ADV acquired a new stake in Taylor Morrison Home during the 3rd quarter worth approximately $41,000. Assetmark Inc. raised its holdings in Taylor Morrison Home by 47.6% during the 3rd quarter. Assetmark Inc. now owns 1,802 shares of the construction company’s stock worth $42,000 after purchasing an additional 581 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in Taylor Morrison Home by 213.1% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,813 shares of the construction company’s stock worth $55,000 after purchasing an additional 1,234 shares during the last quarter. 96.33% of the stock is currently owned by institutional investors and hedge funds.

Taylor Morrison Home Company Profile

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Taylor Morrison Home Corp. engages in the business of residential homebuilding and the development of lifestyle communities. It operates through the following segments: East, Central, West, and Financial Services. The East segment includes operations in Atlanta, Charlotte, Chicago, Orlando, Raleigh, Southwest Florida, and Tampa regions.