Taylor Morrison Home Co. (NYSE:TMHC) Receives $79.57 Average PT from Analysts

Taylor Morrison Home Co. (NYSE:TMHC) has earned a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $78.00.

A number of equities research analysts have weighed in on TMHC shares. Wolfe Research raised Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price target for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. cut their price objective on Taylor Morrison Home from $90.00 to $82.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. BTIG Research set a $75.00 target price on Taylor Morrison Home and gave the stock a “buy” rating in a report on Wednesday. Barclays cut their price target on shares of Taylor Morrison Home from $90.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Finally, StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th.

Insider Buying and Selling at Taylor Morrison Home

In related news, CAO Joseph Terracciano sold 1,537 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total transaction of $93,372.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David C. Merritt sold 2,402 shares of the firm’s 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 disclosure for this sale can be found here. Insiders own 3.50% of the company’s stock.

Institutional Trading of Taylor Morrison Home

Several institutional investors have recently made changes to their positions in the stock. Lord Abbett & CO. LLC boosted its stake in shares of Taylor Morrison Home by 2.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 463,287 shares of the construction company’s stock valued at $32,550,000 after buying an additional 11,302 shares during the period. Principal Financial Group Inc. grew its stake in Taylor Morrison Home by 3.5% in the third quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock valued at $144,144,000 after purchasing an additional 69,222 shares in the last quarter. Sheets Smith Wealth Management acquired a new position in Taylor Morrison Home in the 4th quarter worth about $550,000. JPMorgan Chase & Co. raised its stake in shares of Taylor Morrison Home by 24.0% during the 4th quarter. JPMorgan Chase & Co. now owns 811,253 shares of the construction company’s stock worth $49,657,000 after purchasing an additional 156,793 shares in the last quarter. Finally, Financial Enhancement Group LLC bought a new stake in shares of Taylor Morrison Home in the 4th quarter valued at approximately $5,840,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Taylor Morrison Home Price Performance

Shares of NYSE TMHC opened at $56.44 on Tuesday. The firm’s 50-day simple moving average is $59.89 and its 200 day simple moving average is $64.43. The stock has a market cap of $5.74 billion, a P/E ratio of 6.82 and a beta of 1.76. The company has a quick ratio of 0.94, a current ratio of 6.39 and a debt-to-equity ratio of 0.36. Taylor Morrison Home has a fifty-two week low of $51.90 and a fifty-two week high of $75.49.

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