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

Taylor Morrison Home Co. (NYSE:TMHCGet Rating) has received a consensus rating of “Hold” from the eight research firms that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $31.14.

A number of brokerages have recently issued reports on TMHC. Royal Bank of Canada downgraded shares of Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from $28.00 to $29.00 in a report on Thursday, July 28th. They noted that the move was a valuation call. Wells Fargo & Company raised their target price on shares of Taylor Morrison Home from $25.00 to $30.00 and gave the company an “equal weight” rating in a research note on Thursday, July 28th. Credit Suisse Group raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and set a $33.00 target price on the stock in a research note on Monday, July 11th. JPMorgan Chase & Co. lowered their target price on shares of Taylor Morrison Home from $35.00 to $30.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 12th. Finally, B. Riley downgraded shares of Taylor Morrison Home from a “buy” rating to a “neutral” rating and lowered their target price for the company from $36.00 to $28.00 in a research note on Thursday, June 16th.

Taylor Morrison Home Trading Up 3.7 %

Shares of Taylor Morrison Home stock opened at $24.13 on Monday. Taylor Morrison Home has a 12-month low of $20.05 and a 12-month high of $35.51. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 3.25 and a beta of 1.76. The company has a current ratio of 5.18, a quick ratio of 0.54 and a debt-to-equity ratio of 0.70. The company’s 50-day moving average price is $26.48 and its 200-day moving average price is $26.97.

Taylor Morrison Home (NYSE:TMHCGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The construction company reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.45. Taylor Morrison Home had a net margin of 11.27% and a return on equity of 22.19%. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the firm posted $0.95 earnings per share. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, equities analysts expect that Taylor Morrison Home will post 9.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Taylor Morrison Home news, CFO Louis Steffens purchased 11,000 shares of the firm’s stock in a transaction on Wednesday, September 14th. The shares were purchased at an average cost of $23.07 per share, with a total value of $253,770.00. Following the completion of the purchase, the chief financial officer now owns 44,667 shares of the company’s stock, valued at approximately $1,030,467.69. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TMHC. Assetmark Inc. grew its holdings in shares of Taylor Morrison Home by 119.6% in the second quarter. Assetmark Inc. now owns 1,221 shares of the construction company’s stock worth $29,000 after purchasing an additional 665 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of Taylor Morrison Home in the first quarter worth approximately $44,000. Quantbot Technologies LP bought a new position in shares of Taylor Morrison Home in the first quarter worth approximately $77,000. Counterpoint Mutual Funds LLC bought a new position in shares of Taylor Morrison Home in the first quarter worth approximately $80,000. Finally, Covestor Ltd boosted its holdings in Taylor Morrison Home by 100.5% in the first quarter. Covestor Ltd now owns 3,072 shares of the construction company’s stock valued at $84,000 after acquiring an additional 1,540 shares in the last quarter. 95.05% of the stock is owned by hedge funds and other institutional investors.

About Taylor Morrison Home

(Get Rating)

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 also develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name; and offers title insurance and closing settlement services, as well as financial services.

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Analyst Recommendations for Taylor Morrison Home (NYSE:TMHC)

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