Shares of Taylor Morrison Home Corp (NASDAQ:TMHC) have earned a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $22.20.

TMHC has been the subject of a number of analyst reports. BidaskClub lowered Taylor Morrison Home Corp from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 23rd. Zacks Investment Research upgraded Taylor Morrison Home Corp from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Tuesday, July 4th. ValuEngine upgraded Taylor Morrison Home Corp from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Finally, Deutsche Bank AG increased their price target on Taylor Morrison Home Corp from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday, August 7th.

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Several hedge funds and other institutional investors have recently modified their holdings of TMHC. Koch Industries Inc. raised its position in shares of Taylor Morrison Home Corp by 12,426.6% in the second quarter. Koch Industries Inc. now owns 1,216,461 shares of the construction company’s stock worth $1,168,000 after buying an additional 1,206,750 shares during the last quarter. Sterling Capital Management LLC purchased a new position in shares of Taylor Morrison Home Corp during the second quarter worth $722,000. Ameritas Investment Partners Inc. raised its position in shares of Taylor Morrison Home Corp by 62.3% in the second quarter. Ameritas Investment Partners Inc. now owns 5,369 shares of the construction company’s stock worth $129,000 after buying an additional 2,060 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Taylor Morrison Home Corp by 37.5% in the second quarter. California State Teachers Retirement System now owns 108,411 shares of the construction company’s stock worth $2,603,000 after buying an additional 29,571 shares during the last quarter. Finally, Tower Research Capital LLC TRC purchased a new position in shares of Taylor Morrison Home Corp during the second quarter worth $477,000.

Taylor Morrison Home Corp (NASDAQ:TMHC) traded down 1.43% during mid-day trading on Friday, hitting $20.00. The stock had a trading volume of 2,209,860 shares. The firm’s 50-day moving average is $22.85 and its 200 day moving average is $22.28. Taylor Morrison Home Corp has a 12 month low of $15.82 and a 12 month high of $24.79. The company has a market cap of $1.45 billion and a price-to-earnings ratio of 12.04.

Taylor Morrison Home Corp (NASDAQ:TMHC) last issued its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.08. Taylor Morrison Home Corp had a return on equity of 9.57% and a net margin of 6.16%. The business had revenue of $908.49 million during the quarter, compared to analyst estimates of $849.70 million. During the same quarter in the prior year, the business posted $0.37 EPS. Taylor Morrison Home Corp’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities analysts anticipate that Taylor Morrison Home Corp will post $1.94 EPS for the current fiscal year.

Taylor Morrison Home Corp Company Profile

Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).

Analyst Recommendations for Taylor Morrison Home Corp (NASDAQ:TMHC)

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