Barclays Boosts Taylor Morrison Home (NYSE:TMHC) Price Target to $75.00

Taylor Morrison Home (NYSE:TMHC) had its target price upped by equities researchers at Barclays from $72.00 to $75.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has an “equal weight” rating on the construction company’s stock. Barclays‘s price target would suggest a potential upside of 11.57% from the stock’s previous close.

A number of other equities analysts also recently commented on the company. Zelman & Associates upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. BTIG Research raised shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 price objective for the company in a report on Monday, August 19th. Royal Bank of Canada lifted their target price on shares of Taylor Morrison Home from $63.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Finally, Raymond James began coverage on shares of Taylor Morrison Home in a research note on Wednesday, July 24th. They issued an “outperform” rating and a $75.00 price target for the company. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Taylor Morrison Home currently has an average rating of “Moderate Buy” and a consensus price target of $70.67.

Taylor Morrison Home Trading Up 3.7 %

TMHC stock opened at $67.22 on Thursday. Taylor Morrison Home has a 12-month low of $37.23 and a 12-month high of $71.95. The stock has a market cap of $7.01 billion, a price-to-earnings ratio of 9.99 and a beta of 1.96. The business’s 50-day moving average is $67.31 and its 200 day moving average is $61.53. The company has a current ratio of 6.01, a quick ratio of 0.67 and a debt-to-equity ratio of 0.39.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.31. The firm 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%. Taylor Morrison Home’s quarterly revenue was up 26.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.62 earnings per share. On average, sell-side analysts anticipate that Taylor Morrison Home will post 8.15 EPS for the current fiscal year.

Insider Buying and Selling at Taylor Morrison Home

In other news, Director William H. Lyon sold 1,741 shares of the company’s stock in a transaction that occurred on 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 directly owns 2,195,316 shares in the company, valued at approximately $149,347,347.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director William H. Lyon sold 1,741 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $68.03, for a total value of $118,440.23. Following the sale, the director now owns 2,195,316 shares in the company, valued at approximately $149,347,347.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William H. Lyon sold 28,259 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $68.25, for a total value of $1,928,676.75. Following the transaction, the director now owns 2,197,057 shares of the company’s stock, valued at $149,949,140.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,072 shares of company stock worth $2,052,157 over the last three months. Insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Taylor Morrison Home

A number of hedge funds have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC purchased a new stake in shares of Taylor Morrison Home during the third quarter worth $29,000. UMB Bank n.a. increased its holdings in 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 purchasing an additional 388 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Taylor Morrison Home in the 2nd quarter valued at about $31,000. Fidelis Capital Partners LLC acquired a new stake in Taylor Morrison Home in the first quarter valued at approximately $82,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Taylor Morrison Home during the 1st quarter worth $91,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

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.