Taylor Morrison Home Co. (NYSE:TMHC) Receives $82.43 Consensus Price Target from Analysts

Taylor Morrison Home Co. (NYSE:TMHC) has received a consensus rating of “Moderate Buy” from the nine analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and eight have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $82.43.

Several brokerages have recently commented on TMHC. Barclays raised shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $75.00 to $90.00 in a report on Wednesday, December 11th. StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Seaport Res Ptn downgraded Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research report on Monday, January 27th. Wolfe Research raised Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 target price on the stock in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. dropped their price target on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th.

Taylor Morrison Home Stock Performance

Shares of NYSE TMHC opened at $62.28 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94. The firm has a market cap of $6.44 billion, a price-to-earnings ratio of 7.52 and a beta of 2.03. The stock’s fifty day moving average price is $62.87 and its two-hundred day moving average price is $66.32. Taylor Morrison Home has a one year low of $53.17 and a one year high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, February 12th. The construction company reported $2.64 EPS for the quarter, beating 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, equities analysts forecast that Taylor Morrison Home will post 8.93 EPS for the current year.

Insider Transactions at Taylor Morrison Home

In other Taylor Morrison Home news, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total value of $153,679.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Taylor Morrison Home

A number of hedge funds have recently made changes to their positions in TMHC. State Street Corp increased its position in Taylor Morrison Home by 2.8% during the 3rd quarter. State Street Corp now owns 4,987,968 shares of the construction company’s stock worth $350,455,000 after purchasing an additional 136,432 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Taylor Morrison Home by 3.5% during the third quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock worth $144,144,000 after buying an additional 69,222 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Taylor Morrison Home by 13.4% during the fourth quarter. Northern Trust Corp now owns 1,670,241 shares of the construction company’s stock worth $102,235,000 after buying an additional 197,880 shares in the last quarter. Norges Bank bought a new position in shares of Taylor Morrison Home in the 4th quarter valued at $93,810,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Taylor Morrison Home by 1.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,369,832 shares of the construction company’s stock valued at $83,847,000 after acquiring an additional 20,908 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

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.