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

Shares of Taylor Morrison Home Corporation (NYSE:TMHC) have received an average recommendation of “Buy” from the nine research firms that are presently covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $76.8750.

TMHC has been the subject of several research analyst reports. Wall Street Zen lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Sunday, June 1st. Seaport Res Ptn raised shares of Taylor Morrison Home from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 23rd. Finally, Bank of America began coverage on shares of Taylor Morrison Home in a report on Monday, May 5th. They issued a “buy” rating and a $70.00 price objective for the company.

Taylor Morrison Home Trading Up 5.5%

NYSE:TMHC opened at $69.4110 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 6.54. The firm has a market cap of $6.97 billion, a price-to-earnings ratio of 8.02 and a beta of 1.53. Taylor Morrison Home has a 52 week low of $51.90 and a 52 week high of $75.49. The firm has a 50-day moving average price of $63.23 and a two-hundred day moving average price of $60.59.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, July 23rd. The construction company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.94 by $0.08. The firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.93 billion. Taylor Morrison Home had a net margin of 10.72% and a return on equity of 16.22%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the business posted $1.86 EPS. On average, equities analysts expect that Taylor Morrison Home will post 8.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Taylor Morrison Home news, CFO Curtis Vanhyfte sold 9,754 shares of the firm’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $65.22, for a total value of $636,155.88. Following the completion of the transaction, the chief financial officer directly owned 14,163 shares of the company’s stock, valued at $923,710.86. This trade represents a 40.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TMHC. Raymond James Financial Inc. bought a new position in Taylor Morrison Home in the 4th quarter valued at $5,031,000. Sterling Capital Management LLC boosted its holdings in Taylor Morrison Home by 835.0% in the 4th quarter. Sterling Capital Management LLC now owns 3,282 shares of the construction company’s stock valued at $201,000 after purchasing an additional 2,931 shares during the period. Marshall Wace LLP raised its position in shares of Taylor Morrison Home by 1,454.1% during the 4th quarter. Marshall Wace LLP now owns 87,031 shares of the construction company’s stock valued at $5,327,000 after buying an additional 81,431 shares in the last quarter. Farringdon Capital Ltd. purchased a new stake in shares of Taylor Morrison Home during the 4th quarter valued at $219,000. Finally, Canada Pension Plan Investment Board raised its position in shares of Taylor Morrison Home by 169.5% during the 4th quarter. Canada Pension Plan Investment Board now owns 78,700 shares of the construction company’s stock valued at $4,817,000 after buying an additional 49,500 shares in the last quarter. 95.16% of the stock is owned by institutional investors.

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.