Taylor Morrison Home (NYSE:TMHC) Given New $90.00 Price Target at JPMorgan Chase & Co.

Taylor Morrison Home (NYSE:TMHC) had its price objective trimmed by JPMorgan Chase & Co. from $101.00 to $90.00 in a research report report published on Friday,Benzinga reports. They currently have an overweight rating on the construction company’s stock.

Several other equities research analysts also recently commented on TMHC. Royal Bank of Canada boosted their target price on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Barclays upgraded shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $75.00 to $90.00 in a research report on Wednesday. Raymond James reaffirmed an “outperform” rating and set a $84.00 price objective (up previously from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Wedbush upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $65.00 to $85.00 in a research report on Friday, October 25th. Finally, BTIG Research raised their price target on Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, October 24th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $85.33.

Taylor Morrison Home Stock Down 3.6 %

Shares of TMHC opened at $64.72 on Friday. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average price of $69.88 and a two-hundred day moving average price of $64.76. The stock has a market cap of $6.70 billion, a price-to-earnings ratio of 8.56 and a beta of 1.97. Taylor Morrison Home has a 12 month low of $49.98 and a 12 month high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.06 by $0.31. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the company earned $1.62 EPS. Taylor Morrison Home’s revenue was up 26.6% on a year-over-year basis. Equities analysts predict that Taylor Morrison Home will post 8.44 EPS for the current fiscal year.

Insider Buying and Selling

In other Taylor Morrison Home news, EVP Darrell Sherman sold 26,757 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 109,217 shares in the company, valued at approximately $7,645,190. This represents a 19.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William H. Lyon sold 24,284 shares of the firm’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 in the company, valued at $152,294,229.36. This trade represents a 1.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 128,621 shares of company stock worth $9,164,869 in the last quarter. Insiders own 3.50% of the company’s stock.

Institutional Trading of Taylor Morrison Home

Several institutional investors and hedge funds have recently made changes to their positions in the business. Assenagon Asset Management S.A. increased its stake in shares of Taylor Morrison Home by 271.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 896,032 shares of the construction company’s stock valued at $62,955,000 after acquiring an additional 654,541 shares during the last quarter. Vision Capital Corp bought a new stake in Taylor Morrison Home in the third quarter valued at approximately $38,173,000. Charles Schwab Investment Management Inc. increased its stake in Taylor Morrison Home by 26.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company’s stock valued at $95,696,000 after purchasing an additional 282,227 shares in the last quarter. Barclays PLC raised its holdings in Taylor Morrison Home by 66.4% in the third quarter. Barclays PLC now owns 420,419 shares of the construction company’s stock worth $29,539,000 after purchasing an additional 167,735 shares during the period. Finally, World Investment Advisors LLC bought a new position in shares of Taylor Morrison Home during the third quarter worth $10,291,000. Institutional investors own 95.16% of the company’s stock.

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.