JPMorgan Chase & Co. Cuts Taylor Morrison Home (NYSE:TMHC) Price Target to $90.00

Taylor Morrison Home (NYSE:TMHC) had its price objective lowered by JPMorgan Chase & Co. from $101.00 to $90.00 in a research report sent to investors on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the construction company’s stock.

Other research analysts also recently issued reports about the company. BTIG Research raised their price objective on Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. StockNews.com upgraded Taylor Morrison Home from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. Royal Bank of Canada lifted their price objective on Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Wedbush upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $65.00 to $85.00 in a report on Friday, October 25th. Finally, Barclays raised shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $75.00 to $90.00 in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.33.

Taylor Morrison Home Trading Down 3.6 %

NYSE TMHC opened at $64.72 on Friday. The stock has a market cap of $6.70 billion, a PE ratio of 8.56 and a beta of 1.97. Taylor Morrison Home has a 12 month low of $49.98 and a 12 month high of $75.49. The company’s 50-day moving average price is $69.82 and its 200-day moving average price is $64.87. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.31. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.96 billion. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The company’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.62 EPS. Equities research analysts forecast that Taylor Morrison Home will post 8.44 earnings per share for the current year.

Insider Buying and Selling at Taylor Morrison Home

In related news, Director William H. Lyon sold 9,075 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $72.08, for a total transaction of $654,126.00. Following the transaction, the director now directly owns 2,136,241 shares in the company, valued at $153,980,251.28. The trade was a 0.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Darrell Sherman sold 68,433 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $70.50, for a total value of $4,824,526.50. Following the transaction, the executive vice president now directly owns 109,217 shares in the company, valued at $7,699,798.50. This represents a 38.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 128,621 shares of company stock valued at $9,164,869. 3.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Taylor Morrison Home

Several hedge funds and other institutional investors have recently modified their holdings of the stock. V Square Quantitative Management LLC purchased a new stake in shares of Taylor Morrison Home in the 3rd quarter valued at $29,000. Harbor Capital Advisors Inc. purchased a new position in shares of Taylor Morrison Home during the 3rd quarter valued at about $34,000. UMB Bank n.a. raised its stake in shares of Taylor Morrison Home by 263.9% during the 3rd quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock valued at $38,000 after buying an additional 388 shares during the last quarter. Peterson Financial Group Inc. acquired a new position in shares of Taylor Morrison Home in the 3rd quarter valued at about $62,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Taylor Morrison Home in the second quarter worth about $100,000. 95.16% of the stock is owned by hedge funds and other 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.