BTIG Research Boosts Taylor Morrison Home (NYSE:TMHC) Price Target to $86.00

Taylor Morrison Home (NYSE:TMHC) had its price objective boosted by BTIG Research from $78.00 to $86.00 in a research note published on Thursday, Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

A number of other research analysts have also weighed in on TMHC. Zelman & Associates raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research note on Monday, August 12th. StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Raymond James began coverage on shares of Taylor Morrison Home in a report on Wednesday, July 24th. They set an “outperform” rating and a $75.00 price objective for the company. Wedbush reiterated a “neutral” rating and issued a $65.00 target price on shares of Taylor Morrison Home in a research note on Wednesday. Finally, Barclays lifted their target price on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $75.83.

Taylor Morrison Home Trading Up 0.2 %

Shares of NYSE TMHC opened at $68.52 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.67 and a current ratio of 6.01. Taylor Morrison Home has a 52-week low of $37.23 and a 52-week high of $71.95. The firm has a 50 day moving average price of $67.58 and a two-hundred day moving average price of $61.66. The stock has a market cap of $7.25 billion, a P/E ratio of 9.80 and a beta of 1.96.

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 company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.96 billion. Taylor Morrison Home had a net margin of 9.92% and a return on equity of 14.99%. The company’s quarterly revenue was up 26.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.62 EPS. As a group, equities analysts forecast that Taylor Morrison Home will post 8.15 EPS for the current year.

Insider Activity

In related news, Director William H. Lyon sold 1,741 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $68.03, for a total value of $118,440.23. Following the transaction, the director now owns 2,195,316 shares in the company, valued at $149,347,347.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Taylor Morrison Home

Hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its position in Taylor Morrison Home by 4,586.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 663,385 shares of the construction company’s stock worth $41,243,000 after buying an additional 649,230 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Taylor Morrison Home by 22.3% in the 1st quarter. Janus Henderson Group PLC now owns 76,608 shares of the construction company’s stock worth $4,761,000 after acquiring an additional 13,987 shares in the last quarter. Sei Investments Co. increased its holdings in Taylor Morrison Home by 36.7% in the 1st quarter. Sei Investments Co. now owns 366,987 shares of the construction company’s stock worth $22,816,000 after acquiring an additional 98,539 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Taylor Morrison Home by 127.6% in the 1st quarter. BNP Paribas Financial Markets now owns 203,435 shares of the construction company’s stock worth $12,648,000 after acquiring an additional 114,034 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in Taylor Morrison Home by 173.0% in the 1st quarter. SG Americas Securities LLC now owns 18,828 shares of the construction company’s stock worth $1,171,000 after acquiring an additional 11,931 shares in the last quarter. Hedge funds and other institutional investors 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.