Taylor Morrison Home Co. (NYSE:TMHC) Receives Average Recommendation of “Hold” from Analysts

Taylor Morrison Home Co. (NYSE:TMHC) has earned a consensus rating of “Hold” from the six brokerages that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $57.20.

A number of analysts have recently weighed in on TMHC shares. Barclays upped their price target on shares of 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 Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research note on Friday, April 12th. Royal Bank of Canada upped their price objective on Taylor Morrison Home from $57.00 to $61.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Finally, Seaport Res Ptn cut shares of Taylor Morrison Home from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd.

Taylor Morrison Home Trading Up 0.2 %

Shares of NYSE:TMHC opened at $57.70 on Tuesday. The company has a market capitalization of $6.14 billion, a P/E ratio of 8.27 and a beta of 1.87. The company has a debt-to-equity ratio of 0.38, a current ratio of 6.00 and a quick ratio of 1.13. The business’s 50 day simple moving average is $57.55 and its 200 day simple moving average is $51.55. Taylor Morrison Home has a 1 year low of $37.23 and a 1 year high of $62.64.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, February 14th. The construction company reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.23. Taylor Morrison Home had a return on equity of 16.21% and a net margin of 10.37%. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period in the prior year, the firm posted $2.93 EPS. Taylor Morrison Home’s quarterly revenue was down 19.0% on a year-over-year basis. On average, research analysts anticipate that Taylor Morrison Home will post 7.29 EPS for the current fiscal year.

Insider Activity

In other Taylor Morrison Home news, Director William H. Lyon sold 20,896 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $56.01, for a total transaction of $1,170,384.96. Following the sale, the director now directly owns 2,837,020 shares of the company’s stock, valued at approximately $158,901,490.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Taylor Morrison Home news, Director William H. Lyon sold 20,896 shares of Taylor Morrison Home stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $56.01, for a total transaction of $1,170,384.96. Following the transaction, the director now directly owns 2,837,020 shares of the company’s stock, valued at approximately $158,901,490.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Curtis Vanhyfte sold 9,874 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $57.70, for a total value of $569,729.80. Following the completion of the sale, the chief financial officer now directly owns 7,765 shares of the company’s stock, valued at approximately $448,040.50. The disclosure for this sale can be found here. Insiders sold 613,537 shares of company stock valued at $36,409,767 over the last quarter. 5.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Taylor Morrison Home

A number of institutional investors have recently modified their holdings of TMHC. IFP Advisors Inc lifted its holdings in Taylor Morrison Home by 138.9% in the third quarter. IFP Advisors Inc now owns 614 shares of the construction company’s stock valued at $26,000 after buying an additional 357 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of Taylor Morrison Home by 62.8% during the 3rd quarter. Asset Management One Co. Ltd. now owns 20,393 shares of the construction company’s stock valued at $869,000 after purchasing an additional 7,867 shares in the last quarter. Raymond James & Associates grew its stake in Taylor Morrison Home by 91.9% during the third quarter. Raymond James & Associates now owns 51,591 shares of the construction company’s stock worth $2,198,000 after purchasing an additional 24,701 shares during the period. Foster & Motley Inc. bought a new stake in Taylor Morrison Home in the third quarter worth approximately $303,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Taylor Morrison Home by 82.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,188 shares of the construction company’s stock valued at $1,585,000 after buying an additional 16,798 shares during the period. 95.16% of the stock is owned by institutional investors.

About Taylor Morrison Home

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.