Taylor Morrison Home (NYSE:TMHC) Price Target Lowered to $70.00 at Barclays

Taylor Morrison Home (NYSE:TMHC - Free Report) had its target price decreased by Barclays from $90.00 to $70.00 in a research note released on Tuesday morning,Benzinga reports. Barclays currently has an overweight rating on the construction company's stock.

Other research analysts also recently issued research reports about the stock. StockNews.com downgraded shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Wolfe Research raised shares of Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price target on the stock in a research report on Wednesday, January 8th. Seaport Res Ptn upgraded Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. Royal Bank of Canada boosted their price objective on Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. decreased their target price on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $79.57.

Taylor Morrison Home Trading Up 0.7 %

NYSE TMHC traded up $0.38 on Tuesday, reaching $55.71. The company had a trading volume of 926,509 shares, compared to its average volume of 888,123. The firm has a market cap of $5.67 billion, a price-to-earnings ratio of 6.73 and a beta of 1.76. Taylor Morrison Home has a fifty-two week low of $51.90 and a fifty-two week high of $75.49. The business has a 50 day moving average of $60.49 and a two-hundred day moving average of $64.78. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. Analysts forecast that Taylor Morrison Home will post 8.93 EPS for the current year.

Insider Buying and Selling

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 1,537 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total transaction of $93,372.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David C. Merritt sold 2,402 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The disclosure for this sale can be found here. 3.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Taylor Morrison Home

A number of hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Taylor Morrison Home in the fourth quarter valued at approximately $93,810,000. Boston Partners raised its position in Taylor Morrison Home by 88.7% in the 4th quarter. Boston Partners now owns 594,347 shares of the construction company's stock valued at $36,794,000 after buying an additional 279,361 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Taylor Morrison Home in the 4th quarter valued at $14,736,000. Point72 Asset Management L.P. bought a new position in Taylor Morrison Home during the 4th quarter valued at $13,332,000. Finally, Northern Trust Corp boosted its holdings in Taylor Morrison Home by 13.4% during the 4th quarter. Northern Trust Corp now owns 1,670,241 shares of the construction company's stock worth $102,235,000 after acquiring an additional 197,880 shares during the last quarter. Institutional investors and hedge funds own 95.16% 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.