Taylor Morrison Home Co. (NYSE:TMHC) Given Consensus Rating of “Moderate Buy” by Brokerages

Taylor Morrison Home Co. (NYSE:TMHC) has received an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $82.43.

A number of research analysts have commented on TMHC shares. Wolfe Research upgraded Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their price objective on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. Royal Bank of Canada boosted their price target on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Seaport Res Ptn upgraded Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Thursday, March 6th. Finally, Barclays raised shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $75.00 to $90.00 in a research report on Wednesday, December 11th.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total value of $93,372.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David C. Merritt sold 2,402 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The disclosure for this sale can be found here. Insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Taylor Morrison Home

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TMHC. Morse Asset Management Inc acquired a new position in shares of Taylor Morrison Home in the 4th quarter valued at approximately $29,000. V Square Quantitative Management LLC increased its stake in Taylor Morrison Home by 68.1% in the fourth quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company’s stock valued at $42,000 after acquiring an additional 277 shares during the last quarter. Quarry LP raised its position in Taylor Morrison Home by 202.1% during the fourth quarter. Quarry LP now owns 704 shares of the construction company’s stock valued at $43,000 after purchasing an additional 471 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Taylor Morrison Home by 43.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock worth $49,000 after purchasing an additional 243 shares during the last quarter. Finally, SRS Capital Advisors Inc. acquired a new position in shares of Taylor Morrison Home during the 4th quarter worth $51,000. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Price Performance

Shares of TMHC stock opened at $60.84 on Friday. The stock’s fifty day simple moving average is $62.70 and its 200 day simple moving average is $65.78. Taylor Morrison Home has a one year low of $53.17 and a one year high of $75.49. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 7.35 and a beta of 2.06. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. On average, analysts expect that Taylor Morrison Home will post 8.93 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.