Taylor Morrison Home Co. (NYSE:TMHC) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Taylor Morrison Home Co. (NYSE:TMHC) have received a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $85.33.

TMHC has been the subject of a number of analyst reports. StockNews.com upgraded Taylor Morrison Home from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. Barclays raised shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $75.00 to $90.00 in a research report on Wednesday, December 11th. Raymond James reissued an “outperform” rating and set a $84.00 target price (up previously from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. Wedbush raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $65.00 to $85.00 in a report on Friday, October 25th. Finally, Royal Bank of Canada increased their price objective on Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th.

Insiders Place Their Bets

In related news, Director William H. Lyon sold 24,284 shares of the firm’s stock in a transaction on 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 owns 2,045,316 shares of the company’s stock, valued at $152,294,229.36. This trade represents a 1.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Darrell Sherman sold 26,757 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $70.00, for a total transaction of $1,872,990.00. Following the completion of the sale, the executive vice president now directly owns 109,217 shares in the company, valued at approximately $7,645,190. The trade was a 19.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 128,549 shares of company stock valued at $9,159,829. 3.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Taylor Morrison Home

Institutional investors have recently modified their holdings of the stock. Forum Financial Management LP grew its holdings in Taylor Morrison Home by 3.9% during the second quarter. Forum Financial Management LP now owns 4,430 shares of the construction company’s stock worth $246,000 after acquiring an additional 165 shares during the period. Resonant Capital Advisors LLC increased its holdings in shares of Taylor Morrison Home by 2.1% during the 3rd quarter. Resonant Capital Advisors LLC now owns 9,103 shares of the construction company’s stock valued at $640,000 after purchasing an additional 191 shares in the last quarter. TCW Group Inc. lifted its stake in shares of Taylor Morrison Home by 0.4% in the 2nd quarter. TCW Group Inc. now owns 52,193 shares of the construction company’s stock valued at $2,894,000 after purchasing an additional 213 shares during the period. Captrust Financial Advisors boosted its holdings in Taylor Morrison Home by 2.9% during the third quarter. Captrust Financial Advisors now owns 8,340 shares of the construction company’s stock worth $586,000 after buying an additional 234 shares in the last quarter. Finally, Arizona State Retirement System grew its position in Taylor Morrison Home by 0.9% during the second quarter. Arizona State Retirement System now owns 29,795 shares of the construction company’s stock valued at $1,652,000 after buying an additional 266 shares during the period. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Down 1.2 %

Shares of Taylor Morrison Home stock opened at $63.85 on Wednesday. Taylor Morrison Home has a 1 year low of $50.00 and a 1 year high of $75.49. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69. The stock has a market cap of $6.61 billion, a price-to-earnings ratio of 8.45 and a beta of 1.97. The firm’s 50-day moving average is $69.69 and its two-hundred day moving average is $65.02.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.31. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $1.96 billion. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. Taylor Morrison Home’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.62 earnings per share. As a group, research analysts expect that Taylor Morrison Home will post 8.44 earnings per share for the current fiscal year.

About Taylor Morrison Home

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.