FY2024 EPS Estimates for Taylor Morrison Home Co. Increased by Wedbush (NYSE:TMHC)

Taylor Morrison Home Co. (NYSE:TMHC) – Wedbush upped their FY2024 earnings estimates for Taylor Morrison Home in a note issued to investors on Wednesday, May 1st. Wedbush analyst J. Mccanless now forecasts that the construction company will earn $7.86 per share for the year, up from their prior estimate of $7.05. Wedbush currently has a “Neutral” rating and a $55.00 target price on the stock. The consensus estimate for Taylor Morrison Home’s current full-year earnings is $7.56 per share.

A number of other brokerages also recently issued reports on TMHC. StockNews.com downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Barclays raised their price target on Taylor Morrison Home from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. Zelman & Associates upgraded shares of Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a report on Friday, April 12th. Royal Bank of Canada lifted their target price on shares of Taylor Morrison Home from $61.00 to $63.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Finally, Seaport Res Ptn lowered shares of Taylor Morrison Home from a “buy” rating to a “neutral” rating in a research note on Monday, January 22nd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $58.20.

Taylor Morrison Home Trading Up 2.5 %

TMHC opened at $58.62 on Monday. Taylor Morrison Home has a 12 month low of $37.23 and a 12 month high of $62.64. The stock has a fifty day moving average price of $57.66 and a 200-day moving average price of $52.13. The firm has a market cap of $6.24 billion, a price-to-earnings ratio of 8.39 and a beta of 1.88. The company has a current ratio of 6.16, a quick ratio of 0.91 and a debt-to-equity ratio of 0.39.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Tuesday, April 30th. The construction company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.18. Taylor Morrison Home had a net margin of 10.30% and a return on equity of 15.75%. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter last year, the firm posted $1.74 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis.

Institutional Investors Weigh In On Taylor Morrison Home

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Taylor Morrison Home by 1.9% in the third quarter. Vanguard Group Inc. now owns 11,404,759 shares of the construction company’s stock valued at $485,957,000 after buying an additional 217,222 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its position in Taylor Morrison Home by 117.0% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 3,180,341 shares of the construction company’s stock valued at $135,514,000 after acquiring an additional 1,714,897 shares in the last quarter. Invesco Ltd. increased its stake in Taylor Morrison Home by 3.3% during the third quarter. Invesco Ltd. now owns 3,038,939 shares of the construction company’s stock worth $129,489,000 after purchasing an additional 97,604 shares during the period. Acadian Asset Management LLC lifted its position in shares of Taylor Morrison Home by 15.3% during the third quarter. Acadian Asset Management LLC now owns 2,528,636 shares of the construction company’s stock worth $107,726,000 after purchasing an additional 334,815 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Taylor Morrison Home by 3.6% in the first quarter. Principal Financial Group Inc. now owns 2,065,300 shares of the construction company’s stock valued at $128,400,000 after purchasing an additional 71,564 shares during the period. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Joseph Terracciano sold 724 shares of Taylor Morrison Home stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $55.87, for a total value of $40,449.88. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CAO Joseph Terracciano sold 724 shares of Taylor Morrison Home stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $55.87, for a total value of $40,449.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director William H. Lyon sold 20,896 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $56.01, for a total value of $1,170,384.96. Following the sale, the director now owns 2,837,020 shares of the company’s stock, valued at $158,901,490.20. The disclosure for this sale can be found here. Insiders have sold 613,537 shares of company stock worth $36,409,767 in the last quarter. Corporate insiders own 3.50% 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.