Taylor Morrison Home Corporation (NYSE:TMHC) Receives $76.88 Consensus Price Target from Analysts

Shares of Taylor Morrison Home Corporation (NYSE:TMHC) have earned a consensus recommendation of “Buy” from the nine analysts that are currently covering the company, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $76.8750.

TMHC has been the topic of several research analyst reports. Bank of America assumed coverage on Taylor Morrison Home in a report on Monday, May 5th. They issued a “buy” rating and a $70.00 price objective on the stock. Wedbush reiterated an “outperform” rating and set a $85.00 target price on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. Seaport Res Ptn raised shares of Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 23rd. Barclays set a $69.00 price target on shares of Taylor Morrison Home and gave the stock an “overweight” rating in a report on Thursday, April 24th. Finally, Wall Street Zen downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Sunday, June 1st.

Taylor Morrison Home Stock Down 3.1%

TMHC opened at $66.6480 on Monday. The company has a fifty day moving average of $62.87 and a two-hundred day moving average of $60.53. The stock has a market capitalization of $6.69 billion, a price-to-earnings ratio of 7.70 and a beta of 1.53. Taylor Morrison Home has a fifty-two week low of $51.90 and a fifty-two week high of $75.49. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 6.54.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, July 23rd. The construction company reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.08. Taylor Morrison Home had a return on equity of 16.22% and a net margin of 10.72%.The firm had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same period last year, the firm earned $1.86 EPS. The company’s quarterly revenue was up 2.0% on a year-over-year basis. On average, research analysts expect that Taylor Morrison Home will post 8.93 earnings per share for the current year.

Insider Buying and Selling at Taylor Morrison Home

In related news, CFO Curtis Vanhyfte sold 9,754 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $65.22, for a total value of $636,155.88. Following the transaction, the chief financial officer directly owned 14,163 shares of the company’s stock, valued at approximately $923,710.86. This trade represents a 40.78% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Taylor Morrison Home

Several hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new position in Taylor Morrison Home during the fourth quarter worth about $5,031,000. Sterling Capital Management LLC raised its position in shares of Taylor Morrison Home by 835.0% during the 4th quarter. Sterling Capital Management LLC now owns 3,282 shares of the construction company’s stock valued at $201,000 after buying an additional 2,931 shares during the period. Marshall Wace LLP lifted its holdings in Taylor Morrison Home by 1,454.1% in the fourth quarter. Marshall Wace LLP now owns 87,031 shares of the construction company’s stock valued at $5,327,000 after acquiring an additional 81,431 shares during the last quarter. Farringdon Capital Ltd. acquired a new position in Taylor Morrison Home in the fourth quarter valued at approximately $219,000. Finally, Canada Pension Plan Investment Board grew its position in Taylor Morrison Home by 169.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 78,700 shares of the construction company’s stock worth $4,817,000 after acquiring an additional 49,500 shares during the period. 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.