Taylor Morrison Home Co. (NYSE:TMHC) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Taylor Morrison Home Co. (NYSE:TMHC) have earned an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $84.00.

A number of analysts have recently issued reports on TMHC shares. Wedbush raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $65.00 to $85.00 in a report on Friday, October 25th. BTIG Research lifted their price target on Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Seaport Res Ptn lowered Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research report on Monday, January 27th. Raymond James restated an “outperform” rating and issued a $84.00 target price (up previously from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada increased their price target on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th.

Taylor Morrison Home Trading Up 0.9 %

Shares of TMHC opened at $64.80 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69. Taylor Morrison Home has a 1-year low of $51.54 and a 1-year high of $75.49. The company has a market capitalization of $6.70 billion, a P/E ratio of 8.57 and a beta of 2.03. The firm’s 50 day simple moving average is $64.81 and its 200 day simple moving average is $66.49.

Insider Activity

In other news, Director William H. Lyon sold 24,284 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the completion of the transaction, the director now directly owns 2,045,316 shares of the company’s stock, valued at approximately $152,294,229.36. This represents a 1.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TMHC. Creative Planning increased its stake in shares of Taylor Morrison Home by 21.1% during the second quarter. Creative Planning now owns 20,315 shares of the construction company’s stock valued at $1,126,000 after buying an additional 3,533 shares during the period. Cetera Investment Advisers boosted its holdings in Taylor Morrison Home by 38.6% in the second quarter. Cetera Investment Advisers now owns 25,446 shares of the construction company’s stock valued at $1,411,000 after acquiring an additional 7,086 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Taylor Morrison Home during the 2nd quarter valued at $766,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Taylor Morrison Home in the 2nd quarter worth $168,000. Finally, SG Americas Securities LLC lifted its position in shares of Taylor Morrison Home by 121.6% in the 3rd quarter. SG Americas Securities LLC now owns 5,327 shares of the construction company’s stock worth $374,000 after purchasing an additional 2,923 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, 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.