Analysts Set Taylor Morrison Home Co. (NYSE:TMHC) Target Price at $85.33

Taylor Morrison Home Co. (NYSE:TMHC) has been assigned an average rating of “Moderate Buy” from the nine analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $84.00.

A number of equities research analysts have recently weighed in on TMHC shares. Royal Bank of Canada boosted 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. Barclays upgraded 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 note on Wednesday, December 11th. Raymond James reissued an “outperform” rating and issued a $84.00 target price (up previously from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. JPMorgan Chase & Co. lowered their target price on Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, December 13th. Finally, BTIG Research raised their price target on Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, October 24th.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, EVP Darrell Sherman sold 68,433 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $70.50, for a total transaction of $4,824,526.50. Following the sale, the executive vice president now directly owns 109,217 shares in the company, valued at approximately $7,699,798.50. The trade was a 38.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William H. Lyon sold 24,284 shares of the stock in a transaction that occurred on 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 owns 2,045,316 shares of the company’s stock, valued at $152,294,229.36. This trade represents a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 128,549 shares of company stock valued at $9,159,829 in the last quarter. Corporate insiders own 3.50% of the company’s stock.

Institutional Trading of Taylor Morrison Home

Institutional investors have recently modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in Taylor Morrison Home during the third quarter worth approximately $29,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Taylor Morrison Home during the 3rd quarter valued at $34,000. UMB Bank n.a. boosted its stake in shares of Taylor Morrison Home by 263.9% during the 3rd quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock worth $38,000 after acquiring an additional 388 shares in the last quarter. Peterson Financial Group Inc. acquired a new position in shares of Taylor Morrison Home in the 3rd quarter worth $62,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Taylor Morrison Home during the second quarter worth $100,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

Shares of TMHC opened at $60.91 on Friday. Taylor Morrison Home has a 52-week low of $50.68 and a 52-week high of $75.49. 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 firm has a market cap of $6.30 billion, a price-to-earnings ratio of 8.06 and a beta of 2.01. The business’s 50 day moving average is $67.03 and its two-hundred day moving average is $65.47.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.31. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.96 billion. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The firm’s revenue was up 26.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.62 EPS. Analysts forecast that Taylor Morrison Home will post 8.44 EPS for the current fiscal year.

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.