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

Shares of Taylor Morrison Home Co. (NYSE:TMHC) have earned a consensus rating of “Hold” from the six brokerages that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $57.20.

TMHC has been the subject of a number of recent research reports. Barclays lifted their target price on Taylor Morrison Home from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. Seaport Res Ptn cut shares of Taylor Morrison Home from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Zelman & Associates upgraded shares of Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a report on Friday, April 12th. Royal Bank of Canada increased their price objective on shares of Taylor Morrison Home from $57.00 to $61.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Finally, StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st.

Insider Buying and Selling

In other Taylor Morrison Home news, Director William H. Lyon sold 153,000 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $62.32, for a total value of $9,534,960.00. Following the transaction, the director now directly owns 40,570 shares in the company, valued at approximately $2,528,322.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Joseph Terracciano sold 724 shares of Taylor Morrison Home stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $55.87, for a total value of $40,449.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William H. Lyon sold 153,000 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $62.32, for a total transaction of $9,534,960.00. Following the transaction, the director now owns 40,570 shares in the company, valued at $2,528,322.40. The disclosure for this sale can be found here. Insiders have sold 613,537 shares of company stock valued at $36,409,767 in the last 90 days. Company insiders own 5.50% of the company’s stock.

Institutional Investors Weigh In On Taylor Morrison Home

Several hedge funds have recently modified their holdings of TMHC. Nordea Investment Management AB raised its stake in Taylor Morrison Home by 30.4% in the fourth quarter. Nordea Investment Management AB now owns 108,431 shares of the construction company’s stock worth $5,823,000 after buying an additional 25,250 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its position in shares of Taylor Morrison Home by 89.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 38,103 shares of the construction company’s stock worth $1,623,000 after acquiring an additional 17,986 shares in the last quarter. TFB Advisors LLC bought a new position in shares of Taylor Morrison Home in the 4th quarter worth $207,000. Rhumbline Advisers lifted its stake in shares of Taylor Morrison Home by 0.3% during the 3rd quarter. Rhumbline Advisers now owns 388,101 shares of the construction company’s stock worth $16,537,000 after purchasing an additional 1,053 shares during the last quarter. Finally, Raymond James & Associates boosted its position in Taylor Morrison Home by 91.9% during the third quarter. Raymond James & Associates now owns 51,591 shares of the construction company’s stock valued at $2,198,000 after purchasing an additional 24,701 shares in the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Price Performance

TMHC stock opened at $57.70 on Tuesday. Taylor Morrison Home has a 52 week low of $37.23 and a 52 week high of $62.64. The firm has a market capitalization of $6.14 billion, a P/E ratio of 8.27 and a beta of 1.87. The company has a fifty day simple moving average of $57.55 and a two-hundred day simple moving average of $51.55. The company has a quick ratio of 1.13, a current ratio of 6.00 and a debt-to-equity ratio of 0.38.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings results on Wednesday, February 14th. The construction company reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.23. Taylor Morrison Home had a net margin of 10.37% and a return on equity of 16.21%. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter last year, the firm earned $2.93 EPS. The firm’s revenue for the quarter was down 19.0% compared to the same quarter last year. Analysts anticipate that Taylor Morrison Home will post 7.29 earnings per share 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.