Taylor Morrison Home Corporation (NYSE:TMHC) Receives $75.29 Average Price Target from Analysts

Taylor Morrison Home Corporation (NYSE:TMHC) has received an average recommendation of “Buy” from the nine brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $75.2857.

Several research firms have commented on TMHC. Wedbush restated an “outperform” rating and issued a $85.00 price target on shares of Taylor Morrison Home in a research note on Thursday, October 23rd. Royal Bank Of Canada decreased their target price on Taylor Morrison Home from $75.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday, October 23rd. Bank of America lowered their target price on Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating for the company in a research note on Friday, October 10th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Taylor Morrison Home in a research report on Tuesday.

Taylor Morrison Home Stock Down 1.1%

Shares of NYSE:TMHC opened at $62.69 on Wednesday. The firm has a market capitalization of $6.13 billion, a PE ratio of 7.55 and a beta of 1.58. Taylor Morrison Home has a 1 year low of $51.90 and a 1 year high of $75.32. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.02 and a quick ratio of 1.02. The firm’s 50-day moving average is $61.84 and its two-hundred day moving average is $62.63.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, October 22nd. The construction company reported $2.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.18. Taylor Morrison Home had a net margin of 10.16% and a return on equity of 15.23%. The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the previous year, the business posted $2.40 earnings per share. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. Analysts predict that Taylor Morrison Home will post 8.93 EPS for the current year.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, CEO Sheryl Palmer sold 13,513 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $72.06, for a total value of $973,746.78. Following the sale, the chief executive officer directly owned 370,475 shares of the company’s stock, valued at approximately $26,696,428.50. This represents a 3.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Anne L. Mariucci sold 14,002 shares of the firm’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $70.00, for a total transaction of $980,140.00. Following the completion of the sale, the director owned 48,191 shares in the company, valued at $3,373,370. The trade was a 22.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Taylor Morrison Home

Large investors have recently bought and sold shares of the business. ORG Partners LLC purchased a new stake in Taylor Morrison Home during the 3rd quarter worth about $26,000. Root Financial Partners LLC acquired a new stake in shares of Taylor Morrison Home during the 3rd quarter worth about $27,000. Atlantic Union Bankshares Corp purchased a new stake in Taylor Morrison Home during the second quarter worth approximately $28,000. Pinnacle Holdings LLC acquired a new position in Taylor Morrison Home in the third quarter valued at approximately $32,000. Finally, Huntington National Bank boosted its holdings in Taylor Morrison Home by 2,074.1% in the third quarter. Huntington National Bank now owns 587 shares of the construction company’s stock valued at $39,000 after purchasing an additional 560 shares in the last quarter. 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.