Taylor Morrison Home Corporation (NYSE:TMHC) Given Average Rating of “Moderate Buy” by Analysts

Taylor Morrison Home Corporation (NYSE:TMHC) has been given an average rating of “Moderate Buy” by the ten research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $77.1429.

TMHC has been the subject of a number of research reports. Citizens Jmp initiated coverage on Taylor Morrison Home in a report on Wednesday, January 7th. They issued a “market outperform” rating and a $95.00 price objective for the company. Zacks Research cut shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Taylor Morrison Home in a research note on Monday, December 29th. Bank of America reaffirmed a “neutral” rating and set a $70.00 target price (up previously from $68.00) on shares of Taylor Morrison Home in a research note on Friday, January 16th. Finally, Barclays reiterated an “overweight” rating and set a $71.00 target price on shares of Taylor Morrison Home in a report on Monday, December 8th.

Taylor Morrison Home Stock Performance

Taylor Morrison Home stock opened at $65.21 on Monday. Taylor Morrison Home has a fifty-two week low of $51.90 and a fifty-two week high of $72.50. The stock’s 50 day simple moving average is $61.78 and its two-hundred day simple moving average is $63.21. 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 market cap of $6.37 billion, a price-to-earnings ratio of 7.86 and a beta of 1.59.

Hedge Funds Weigh In On Taylor Morrison Home

Several institutional investors and hedge funds have recently modified their holdings of TMHC. AlphaQuest LLC grew its stake in shares of Taylor Morrison Home by 97.3% during the 3rd quarter. AlphaQuest LLC now owns 38,734 shares of the construction company’s stock valued at $2,557,000 after purchasing an additional 19,098 shares during the period. Arkadios Wealth Advisors purchased a new position in shares of Taylor Morrison Home in the second quarter worth approximately $359,000. Nordea Investment Management AB boosted its holdings in shares of Taylor Morrison Home by 10.0% in the third quarter. Nordea Investment Management AB now owns 193,249 shares of the construction company’s stock worth $12,689,000 after buying an additional 17,595 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Taylor Morrison Home during the third quarter valued at approximately $2,088,000. Finally, Pacer Advisors Inc. purchased a new stake in Taylor Morrison Home during the third quarter valued at approximately $1,357,000. 95.16% of the stock is currently owned by institutional investors.

About Taylor Morrison Home

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.