Taylor Morrison Home (NYSE:TMHC) Earns Buy (B-) Rating from Weiss Ratings

Taylor Morrison Home (NYSE:TMHC)‘s stock had its “buy (b-)” rating reiterated by research analysts at Weiss Ratings in a research note issued on Thursday,Weiss Ratings reports.

A number of other research analysts also recently commented on TMHC. Wedbush reissued an “outperform” rating and set a $85.00 target price on shares of Taylor Morrison Home in a research report on Thursday, October 23rd. Bank of America reduced their price objective on shares of Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating for the company in a research note on Friday, October 10th. 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. Finally, Royal Bank Of Canada reduced their price objective on shares of Taylor Morrison Home from $75.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $75.29.

Taylor Morrison Home Stock Up 0.3%

Shares of NYSE TMHC opened at $59.31 on Thursday. Taylor Morrison Home has a 52-week low of $51.90 and a 52-week high of $75.49. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.02 and a current ratio of 7.02. The stock has a 50 day moving average price of $65.37 and a 200 day moving average price of $62.32. The firm has a market capitalization of $5.95 billion, a price-to-earnings ratio of 7.15 and a beta of 1.61.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, October 22nd. The construction company reported $2.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.18. Taylor Morrison Home had a return on equity of 15.23% and a net margin of 10.16%.The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the company earned $2.40 EPS. The business’s revenue was down 1.2% compared to the same quarter last year. Sell-side analysts expect that Taylor Morrison Home will post 8.93 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Anne L. Mariucci sold 14,002 shares of the company’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $70.00, for a total transaction of $980,140.00. Following the transaction, the director directly owned 48,191 shares of the company’s stock, valued at $3,373,370. This represents a 22.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Curtis Vanhyfte sold 9,754 shares of the company’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 in the company, valued at $923,710.86. This represents a 40.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 67,351 shares of company stock valued at $4,700,630. 1.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Taylor Morrison Home

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in shares of Taylor Morrison Home by 193.0% during the first quarter. GAMMA Investing LLC now owns 674 shares of the construction company’s stock worth $40,000 after buying an additional 444 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in Taylor Morrison Home during the 1st quarter valued at about $258,000. Janney Montgomery Scott LLC grew its stake in Taylor Morrison Home by 17.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 8,056 shares of the construction company’s stock valued at $484,000 after purchasing an additional 1,201 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in Taylor Morrison Home by 10.8% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,200 shares of the construction company’s stock valued at $552,000 after purchasing an additional 900 shares during the last quarter. Finally, KBC Group NV grew its stake in Taylor Morrison Home by 16.7% during the 1st quarter. KBC Group NV now owns 4,987 shares of the construction company’s stock valued at $299,000 after purchasing an additional 714 shares during the last quarter. 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.