Taylor Morrison Home (NYSE:TMHC) Research Coverage Started at Citizens Jmp

Citizens Jmp initiated coverage on shares of Taylor Morrison Home (NYSE:TMHC) in a research report released on Wednesday, Marketbeat Ratings reports. The brokerage issued a market outperform rating and a $95.00 price target on the construction company’s stock.

TMHC has been the topic of a number of other reports. Bank of America lowered their price target on shares of Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating on the stock in a report on Friday, October 10th. Citigroup started coverage on shares of Taylor Morrison Home in a report on Wednesday. They issued an “outperform” rating on the stock. Royal Bank Of Canada decreased their price objective on Taylor Morrison Home from $75.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday, October 23rd. Zacks Research raised Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 23rd. Finally, Wedbush reaffirmed an “outperform” rating and set a $85.00 target price on shares of Taylor Morrison Home in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Taylor Morrison Home currently has a consensus rating of “Buy” and a consensus target price of $77.43.

Taylor Morrison Home Stock Up 7.6%

Shares of NYSE TMHC opened at $65.36 on Wednesday. Taylor Morrison Home has a 12-month low of $51.90 and a 12-month high of $72.50. The stock’s fifty day simple moving average is $60.46 and its two-hundred day simple moving average is $63.21. The stock has a market capitalization of $6.39 billion, a PE ratio of 7.87 and a beta of 1.59. The company has a current ratio of 7.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.35.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, October 22nd. The construction company reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.18. Taylor Morrison Home had a return on equity of 15.23% and a net margin of 10.16%.The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the prior year, the business posted $2.40 EPS. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. As a group, analysts expect that Taylor Morrison Home will post 8.93 EPS for the current fiscal year.

Institutional Trading of Taylor Morrison Home

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. increased its holdings in shares of Taylor Morrison Home by 1.4% in the second quarter. Hantz Financial Services Inc. now owns 12,341 shares of the construction company’s stock valued at $758,000 after purchasing an additional 165 shares during the period. Parkside Financial Bank & Trust boosted its position in Taylor Morrison Home by 13.0% in the second quarter. Parkside Financial Bank & Trust now owns 1,654 shares of the construction company’s stock valued at $102,000 after buying an additional 190 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in Taylor Morrison Home by 2.2% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,400 shares of the construction company’s stock worth $577,000 after buying an additional 200 shares during the period. Allworth Financial LP raised its position in Taylor Morrison Home by 14.9% during the 3rd quarter. Allworth Financial LP now owns 1,546 shares of the construction company’s stock worth $102,000 after buying an additional 200 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in Taylor Morrison Home by 29.9% during the 2nd quarter. Parallel Advisors LLC now owns 882 shares of the construction company’s stock valued at $54,000 after acquiring an additional 203 shares during the period. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company’s portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company’s heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.