Taylor Morrison Home (NYSE:TMHC) Raised to “Outperform” at Wolfe Research

Taylor Morrison Home (NYSE:TMHC) was upgraded by equities research analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday. The brokerage currently has a $76.00 target price on the construction company’s stock. Wolfe Research’s price target would indicate a potential upside of 26.75% from the company’s current price.

Other research analysts have also issued reports about the company. Barclays raised Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $75.00 to $90.00 in a report on Wednesday, December 11th. Wedbush raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $65.00 to $85.00 in a research note on Friday, October 25th. StockNews.com raised shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. Raymond James restated an “outperform” rating and issued a $84.00 price target (up previously from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada upped their price target on Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $84.00.

Taylor Morrison Home Trading Down 1.3 %

Taylor Morrison Home stock opened at $59.96 on Wednesday. Taylor Morrison Home has a 12-month low of $50.68 and a 12-month high of $75.49. The stock has a market capitalization of $6.20 billion, a PE ratio of 7.93 and a beta of 2.01. The firm has a 50 day simple moving average of $67.35 and a 200-day simple moving average of $65.53. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the company posted $1.62 EPS. The firm’s quarterly revenue was up 26.6% on a year-over-year basis. As a group, equities research analysts expect that Taylor Morrison Home will post 8.44 EPS for the current fiscal year.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, EVP Darrell Sherman sold 26,757 shares of the business’s stock in a transaction on 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 sale, the executive vice president now directly owns 109,217 shares of the company’s stock, valued at $7,645,190. The trade was a 19.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William H. Lyon sold 9,075 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $72.08, for a total value of $654,126.00. Following the completion of the sale, the director now directly owns 2,136,241 shares of the company’s stock, valued at approximately $153,980,251.28. This trade represents a 0.42 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 128,549 shares of company stock worth $9,159,829. 3.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Taylor Morrison Home

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