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

Taylor Morrison Home Corporation (NYSE:TMHC) has earned an average recommendation of “Moderate Buy” from the ten research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $78.2857.

TMHC has been the subject of several research reports. Truist Financial assumed coverage on shares of Taylor Morrison Home in a research note on Tuesday. They set a “buy” rating and a $85.00 price objective for the company. Zacks Research lowered shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Citizens Jmp started coverage on Taylor Morrison Home in a research report on Wednesday, January 7th. They set a “market outperform” rating and a $95.00 price target on the stock. Barclays decreased their price objective on Taylor Morrison Home from $71.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, February 12th. Finally, Royal Bank Of Canada raised their target price on Taylor Morrison Home from $62.00 to $68.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th.

Hedge Funds Weigh In On Taylor Morrison Home

Large investors have recently made changes to their positions in the company. Parkside Financial Bank & Trust grew its position in Taylor Morrison Home by 13.0% during the second quarter. Parkside Financial Bank & Trust now owns 1,654 shares of the construction company’s stock valued at $102,000 after buying an additional 190 shares during the period. Allworth Financial LP boosted its stake in shares of Taylor Morrison Home by 14.9% during the 3rd quarter. Allworth Financial LP now owns 1,546 shares of the construction company’s stock worth $102,000 after acquiring an additional 200 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Taylor Morrison Home by 4.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,691 shares of the construction company’s stock valued at $310,000 after acquiring an additional 204 shares during the period. Tectonic Advisors LLC increased its stake in shares of Taylor Morrison Home by 0.7% in the 4th quarter. Tectonic Advisors LLC now owns 29,765 shares of the construction company’s stock valued at $1,752,000 after purchasing an additional 207 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Taylor Morrison Home by 30.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 899 shares of the construction company’s stock worth $55,000 after purchasing an additional 211 shares during the period. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Taylor Morrison Home Trading Down 3.0%

Taylor Morrison Home stock opened at $61.64 on Friday. The stock has a 50-day moving average price of $63.54 and a 200 day moving average price of $63.54. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of 7.94, a price-to-earnings-growth ratio of 8.90 and a beta of 1.58. Taylor Morrison Home has a 52 week low of $51.90 and a 52 week high of $72.50. The company has a quick ratio of 1.55, a current ratio of 7.31 and a debt-to-equity ratio of 0.36.

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.