Taylor Morrison Home (NYSE:TMHC) Price Target Lowered to $70.00 at Barclays

Taylor Morrison Home (NYSE:TMHC) had its price objective cut by Barclays from $90.00 to $70.00 in a report issued on Tuesday,Benzinga reports. They currently have an overweight rating on the construction company’s stock.

A number of other equities research analysts have also weighed in on the company. StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Seaport Res Ptn raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research 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 target price for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price target on shares of Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Finally, Royal Bank of Canada upped their target price on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Taylor Morrison Home has a consensus rating of “Moderate Buy” and a consensus price target of $79.57.

Taylor Morrison Home Stock Performance

NYSE:TMHC opened at $53.91 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. Taylor Morrison Home has a fifty-two week low of $53.15 and a fifty-two week high of $75.49. The business has a 50 day moving average price of $61.14 and a 200-day moving average price of $65.11. The firm has a market cap of $5.48 billion, a PE ratio of 6.51 and a beta of 1.76.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. Equities research analysts predict that Taylor Morrison Home will post 8.93 earnings per share for the current year.

Insider Activity

In other Taylor Morrison Home news, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total value of $153,679.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Joseph Terracciano sold 1,537 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total transaction of $93,372.75. The disclosure for this sale can be found here. Company insiders own 3.50% of the company’s stock.

Institutional Trading of Taylor Morrison Home

A number of institutional investors and hedge funds have recently modified their holdings of TMHC. Morse Asset Management Inc purchased a new stake in Taylor Morrison Home in the fourth quarter worth approximately $29,000. V Square Quantitative Management LLC boosted its stake in shares of Taylor Morrison Home by 68.1% in the 4th quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company’s stock worth $42,000 after buying an additional 277 shares during the last quarter. Quarry LP grew its holdings in shares of Taylor Morrison Home by 202.1% in the fourth quarter. Quarry LP now owns 704 shares of the construction company’s stock worth $43,000 after acquiring an additional 471 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Taylor Morrison Home by 43.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock worth $49,000 after acquiring an additional 243 shares during the period. Finally, SRS Capital Advisors Inc. purchased a new position in Taylor Morrison Home in the fourth quarter worth about $51,000. Institutional investors own 95.16% of the company’s stock.

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.