Taylor Morrison Home (NYSE:TMHC) Earns “Neutral” Rating from Bank of America

Taylor Morrison Home (NYSE:TMHC)‘s stock had its “neutral” rating reiterated by Bank of America in a note issued to investors on Friday, Marketbeat Ratings reports. They presently have a $70.00 target price on the construction company’s stock, up from their prior target price of $68.00. Bank of America‘s price target points to a potential upside of 10.65% from the stock’s previous close.

TMHC has been the topic of several other research reports. Zacks Research upgraded shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $62.00 price objective on shares of Taylor Morrison Home in a research report on Friday, January 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Taylor Morrison Home in a research note on Monday, December 29th. Wedbush restated an “outperform” rating and issued a $85.00 price target on shares of Taylor Morrison Home in a research note on Thursday, October 23rd. Finally, Citigroup initiated coverage on Taylor Morrison Home in a report on Wednesday, January 7th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Taylor Morrison Home has an average rating of “Moderate Buy” and an average target price of $77.14.

Taylor Morrison Home Trading Down 1.4%

Taylor Morrison Home stock opened at $63.26 on Friday. Taylor Morrison Home has a 12 month low of $51.90 and a 12 month high of $72.50. The company has a current ratio of 7.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.35. The business’s fifty day simple moving average is $60.99 and its two-hundred day simple moving average is $63.32. The company has a market capitalization of $6.18 billion, a price-to-earnings ratio of 7.62 and a beta of 1.59.

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 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 firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the firm earned $2.40 EPS. Taylor Morrison Home’s quarterly revenue was down 1.2% compared to the same quarter last year. As a group, equities analysts predict that Taylor Morrison Home will post 8.93 earnings per share for the current fiscal year.

Institutional Trading of Taylor Morrison Home

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Kendall Capital Management lifted its position in shares of Taylor Morrison Home by 22.0% during the 4th quarter. Kendall Capital Management now owns 26,245 shares of the construction company’s stock valued at $1,545,000 after buying an additional 4,735 shares in the last quarter. BTC Capital Management Inc. increased its holdings in Taylor Morrison Home by 5.6% in the 4th quarter. BTC Capital Management Inc. now owns 6,982 shares of the construction company’s stock worth $412,000 after acquiring an additional 372 shares in the last quarter. Foster & Motley Inc. raised its stake in Taylor Morrison Home by 10.6% during the 4th quarter. Foster & Motley Inc. now owns 51,431 shares of the construction company’s stock worth $3,028,000 after acquiring an additional 4,917 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in Taylor Morrison Home by 12.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 649,140 shares of the construction company’s stock valued at $38,215,000 after purchasing an additional 70,600 shares in the last quarter. Finally, BOS Asset Management LLC boosted its position in shares of Taylor Morrison Home by 2.2% in the fourth quarter. BOS Asset Management LLC now owns 15,623 shares of the construction company’s stock worth $920,000 after purchasing an additional 341 shares during the period. Hedge funds and other institutional investors own 95.16% of the company’s stock.

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.