Analysts Set Taylor Morrison Home Co. (NYSE:TMHC) PT at $79.57

Taylor Morrison Home Co. (NYSE:TMHC) has earned an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $78.00.

Several brokerages have recently weighed in on TMHC. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. StockNews.com cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. BTIG Research set a $75.00 target price on Taylor Morrison Home and gave the stock a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. reduced their price target on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. Finally, Royal Bank of Canada raised their price objective on Taylor Morrison Home from $72.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th.

Taylor Morrison Home Trading Up 2.8 %

NYSE:TMHC opened at $56.44 on Tuesday. Taylor Morrison Home has a 12 month low of $51.90 and a 12 month high of $75.49. The business’s 50-day moving average is $59.89 and its two-hundred day moving average is $64.43. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94. The firm has a market capitalization of $5.74 billion, a PE ratio of 6.82 and a beta of 1.76.

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

Insider Transactions at Taylor Morrison Home

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

Institutional Trading of Taylor Morrison Home

Several hedge funds have recently made changes to their positions in TMHC. Janney Montgomery Scott LLC increased its position in Taylor Morrison Home by 17.5% in the first quarter. Janney Montgomery Scott LLC now owns 8,056 shares of the construction company’s stock worth $484,000 after buying an additional 1,201 shares during the period. Ritholtz Wealth Management lifted its position in Taylor Morrison Home by 3.3% in the 1st quarter. Ritholtz Wealth Management now owns 18,027 shares of the construction company’s stock valued at $1,082,000 after purchasing an additional 576 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Taylor Morrison Home during the 1st quarter valued at about $258,000. SummerHaven Investment Management LLC grew its position in Taylor Morrison Home by 1.6% in the 1st quarter. SummerHaven Investment Management LLC now owns 14,218 shares of the construction company’s stock worth $854,000 after purchasing an additional 223 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake in shares of Taylor Morrison Home by 27.8% in the first quarter. Fifth Third Bancorp now owns 1,034 shares of the construction company’s stock valued at $62,000 after purchasing an additional 225 shares during the period. 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.