Analysts Set Taylor Morrison Home Corporation (NYSE:TMHC) Price Target at $75.29

Shares of Taylor Morrison Home Corporation (NYSE:TMHC) have earned a consensus rating of “Buy” from the nine research firms that are presently covering the stock, Marketbeat.com reports. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $75.2857.

Several equities analysts have weighed in on TMHC shares. Seaport Res Ptn raised Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Taylor Morrison Home in a report on Thursday, October 30th. Wedbush reissued an “outperform” rating and set a $85.00 price objective on shares of Taylor Morrison Home in a report on Thursday, October 23rd. Royal Bank Of Canada dropped their target price on Taylor Morrison Home from $75.00 to $68.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. Finally, Bank of America dropped their target price on Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating on the stock in a research report on Friday, October 10th.

Insiders Place Their Bets

In other Taylor Morrison Home news, Director Anne L. Mariucci sold 14,002 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $70.00, for a total transaction of $980,140.00. Following the sale, the director owned 48,191 shares in the company, valued at $3,373,370. This represents a 22.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Curtis Vanhyfte sold 5,082 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $69.97, for a total value of $355,587.54. Following the sale, the chief financial officer owned 11,742 shares in the company, valued at approximately $821,587.74. This represents a 30.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 67,351 shares of company stock worth $4,700,630 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. ORG Partners LLC bought a new position in Taylor Morrison Home in the third quarter valued at $26,000. Root Financial Partners LLC bought a new position in Taylor Morrison Home in the third quarter valued at $27,000. Atlantic Union Bankshares Corp bought a new position in Taylor Morrison Home in the second quarter valued at $28,000. AlphaCore Capital LLC bought a new position in Taylor Morrison Home in the second quarter valued at $37,000. Finally, GAMMA Investing LLC increased its stake in Taylor Morrison Home by 193.0% in the first quarter. GAMMA Investing LLC now owns 674 shares of the construction company’s stock valued at $40,000 after acquiring an additional 444 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

TMHC stock opened at $58.45 on Friday. The firm has a market cap of $5.87 billion, a PE ratio of 7.04 and a beta of 1.61. The company has a quick ratio of 1.02, a current ratio of 7.02 and a debt-to-equity ratio of 0.35. The business has a 50 day moving average of $65.18 and a 200-day moving average of $62.43. Taylor Morrison Home has a 12-month low of $51.90 and a 12-month high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, October 22nd. The construction company reported $2.11 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the company earned $2.40 earnings per share. Taylor Morrison Home’s revenue was down 1.2% compared to the same quarter last year. As a group, sell-side analysts expect that Taylor Morrison Home will post 8.93 earnings per share for the current year.

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.