Taylor Morrison Home Co. (NYSE:TMHC) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Taylor Morrison Home Co. (NYSE:TMHC) have received an average rating of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $77.33.

TMHC has been the topic of a number of recent research reports. BTIG Research raised their price target on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Barclays raised their price target on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. StockNews.com upgraded shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. Wedbush upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and raised their target price for the company from $65.00 to $85.00 in a research note on Friday, October 25th. Finally, Zelman & Associates upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research note on Monday, August 12th.

Insiders Place Their Bets

In other Taylor Morrison Home news, EVP Darrell Sherman sold 26,757 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $70.00, for a total value of $1,872,990.00. Following the sale, the executive vice president now directly owns 109,217 shares in the company, valued at $7,645,190. This trade represents a 19.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William H. Lyon sold 9,075 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $72.08, for a total transaction of $654,126.00. Following the transaction, the director now directly owns 2,136,241 shares of the company’s stock, valued at $153,980,251.28. The trade was a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 104,337 shares of company stock worth $7,356,683 in the last ninety days. Insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Taylor Morrison Home

A number of hedge funds and other institutional investors have recently made changes to their positions in TMHC. ProShare Advisors LLC lifted its holdings in shares of Taylor Morrison Home by 4.6% during the 1st quarter. ProShare Advisors LLC now owns 23,871 shares of the construction company’s stock worth $1,484,000 after acquiring an additional 1,057 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in shares of Taylor Morrison Home by 25.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 37,829 shares of the construction company’s stock worth $2,352,000 after acquiring an additional 7,780 shares during the period. Nwam LLC bought a new position in shares of Taylor Morrison Home during the 1st quarter worth about $205,000. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Taylor Morrison Home by 0.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 96,430 shares of the construction company’s stock worth $5,996,000 after acquiring an additional 641 shares during the period. Finally, Hyperion Capital Advisors LP bought a new position in Taylor Morrison Home during the 1st quarter valued at about $259,000. 95.16% of the stock is owned by institutional investors.

Taylor Morrison Home Stock Up 2.3 %

Shares of NYSE:TMHC opened at $71.07 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24. The company has a market cap of $7.35 billion, a PE ratio of 9.40 and a beta of 1.96. Taylor Morrison Home has a 52 week low of $44.32 and a 52 week high of $74.69. The firm has a 50 day simple moving average of $69.40 and a 200 day simple moving average of $63.50.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.31. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the firm earned $1.62 EPS. The company’s revenue was up 26.6% compared to the same quarter last year. As a group, research analysts expect that Taylor Morrison Home will post 8.44 earnings per share for the current 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.