Brokerages Set Taylor Morrison Home Corporation (NYSE:TMHC) PT at $76.86

Shares of Taylor Morrison Home Corporation (NYSE:TMHC) have been assigned an average rating of “Hold” from the ten analysts that are currently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $76.8571.

Several brokerages have recently commented on TMHC. Barclays increased their price target on shares of Taylor Morrison Home from $68.00 to $69.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Seaport Research Partners restated a “sell” rating and set a $49.00 price target (down from $85.00) on shares of Taylor Morrison Home in a research note on Tuesday, April 7th. Wolfe Research downgraded shares of Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a report on Wednesday, June 10th. Citigroup downgraded shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a report on Monday, June 1st. Finally, Zacks Research raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 22nd.

Institutional Trading of Taylor Morrison Home

Several large investors have recently modified their holdings of TMHC. Allworth Financial LP raised its position in shares of Taylor Morrison Home by 14.9% in the third quarter. Allworth Financial LP now owns 1,546 shares of the construction company’s stock valued at $102,000 after purchasing an additional 200 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Taylor Morrison Home by 4.5% in the third quarter. PNC Financial Services Group Inc. now owns 4,691 shares of the construction company’s stock valued at $310,000 after purchasing an additional 204 shares during the period. Tectonic Advisors LLC raised its position in shares of Taylor Morrison Home by 0.7% in the fourth quarter. Tectonic Advisors LLC now owns 29,765 shares of the construction company’s stock valued at $1,752,000 after purchasing an additional 207 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Taylor Morrison Home by 30.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 899 shares of the construction company’s stock valued at $55,000 after purchasing an additional 211 shares during the period. Finally, Verdence Capital Advisors LLC raised its position in shares of Taylor Morrison Home by 3.3% in the fourth quarter. Verdence Capital Advisors LLC now owns 6,795 shares of the construction company’s stock valued at $400,000 after purchasing an additional 220 shares during the period. 95.16% of the stock is owned by institutional investors.

Taylor Morrison Home Stock Performance

Shares of TMHC opened at $71.58 on Friday. The company’s fifty day moving average is $63.14 and its 200-day moving average is $62.33. Taylor Morrison Home has a 12 month low of $54.15 and a 12 month high of $72.50. The firm has a market cap of $6.69 billion, a price-to-earnings ratio of 10.68, a price-to-earnings-growth ratio of 1.65 and a beta of 1.47. The company has a quick ratio of 1.45, a current ratio of 7.66 and a debt-to-equity ratio of 0.37.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings results on Wednesday, April 22nd. The construction company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.82 by $0.30. Taylor Morrison Home had a net margin of 8.77% and a return on equity of 11.48%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the business posted $2.07 EPS. Taylor Morrison Home’s quarterly revenue was down 26.8% on a year-over-year basis. Equities analysts expect that Taylor Morrison Home will post 5.36 EPS for the current fiscal year.

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.