Taylor Morrison Home Corporation (NYSE:TMHC) Receives Average Recommendation of “Buy” from Brokerages

Shares of Taylor Morrison Home Corporation (NYSE:TMHC) have been given an average recommendation of “Buy” by the nine analysts that are covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $75.5714.

TMHC has been the topic of several analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Taylor Morrison Home in a research note on Monday, December 15th. Barclays restated an “overweight” rating and set a $71.00 price target on shares of Taylor Morrison Home in a report on Monday, December 8th. Wedbush reiterated an “outperform” rating and issued a $85.00 price objective on shares of Taylor Morrison Home in a research note on Thursday, October 23rd. Royal Bank Of Canada lowered their price objective on Taylor Morrison Home from $75.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday, October 23rd. Finally, Bank of America cut their target price on shares of Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating on the stock in a research note on Friday, October 10th.

Taylor Morrison Home Trading Down 2.8%

NYSE TMHC opened at $59.70 on Friday. 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 firm has a market cap of $5.83 billion, a price-to-earnings ratio of 7.19 and a beta of 1.57. The firm has a 50 day simple moving average of $60.85 and a 200-day simple moving average of $63.12. Taylor Morrison Home has a one year low of $51.90 and a one year high of $72.50.

Taylor Morrison Home (NYSE:TMHC) last released its 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 net margin of 10.16% and a return on equity of 15.23%. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the business earned $2.40 EPS. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. Equities research analysts anticipate that Taylor Morrison Home will post 8.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Taylor Morrison Home

Institutional investors have recently modified their holdings of the company. Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in Taylor Morrison Home during the 1st quarter worth $243,000. Arkadios Wealth Advisors acquired a new position in shares of Taylor Morrison Home during the second quarter worth about $359,000. Nordea Investment Management AB raised its holdings in Taylor Morrison Home by 3.9% during the second quarter. Nordea Investment Management AB now owns 175,654 shares of the construction company’s stock worth $10,722,000 after purchasing an additional 6,598 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Taylor Morrison Home in the first quarter valued at about $1,403,000. Finally, Interval Partners LP boosted its holdings in Taylor Morrison Home by 93.2% in the 1st quarter. Interval Partners LP now owns 694,542 shares of the construction company’s stock valued at $41,700,000 after purchasing an additional 334,972 shares in the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company’s portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company’s heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.