Analysts Set Taylor Morrison Home Co. (NYSE:TMHC) Price Target at $85.33

Shares of Taylor Morrison Home Co. (NYSE:TMHC - Get Free Report) have earned a consensus rating of "Moderate Buy" from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $85.33.

TMHC has been the subject of a number of analyst reports. Royal Bank of Canada increased their price target on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. BTIG Research lifted their target price on Taylor Morrison Home from $78.00 to $86.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Raymond James reissued an "outperform" rating and set a $84.00 target price (up previously from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. Wedbush upgraded Taylor Morrison Home from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $65.00 to $85.00 in a research report on Friday, October 25th. Finally, Barclays raised shares of Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $75.00 to $90.00 in a research note on Wednesday, December 11th.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, EVP Darrell Sherman sold 26,757 shares of the firm's stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $70.00, for a total value of $1,872,990.00. Following the completion of the sale, the executive vice president now owns 109,217 shares of the company's stock, valued at approximately $7,645,190. This trade represents a 19.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William H. Lyon sold 24,284 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the transaction, the director now owns 2,045,316 shares in the company, valued at approximately $152,294,229.36. This trade represents a 1.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 128,549 shares of company stock worth $9,159,829 over the last quarter. Insiders own 3.50% of the company's stock.

Institutional Trading of Taylor Morrison Home

Several large investors have recently bought and sold shares of TMHC. V Square Quantitative Management LLC purchased a new stake in Taylor Morrison Home during the 3rd quarter valued at about $29,000. Harbor Capital Advisors Inc. purchased a new stake in Taylor Morrison Home in the third quarter valued at approximately $34,000. UMB Bank n.a. increased its holdings in Taylor Morrison Home by 263.9% in the 3rd quarter. UMB Bank n.a. now owns 535 shares of the construction company's stock worth $38,000 after buying an additional 388 shares during the period. Peterson Financial Group Inc. purchased a new position in Taylor Morrison Home during the 3rd quarter worth approximately $62,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Taylor Morrison Home during the 2nd quarter valued at approximately $100,000. Hedge funds and other institutional investors own 95.16% of the company's stock.

Taylor Morrison Home Price Performance

TMHC traded up $0.56 during trading on Friday, hitting $61.11. 546,788 shares of the company traded hands, compared to its average volume of 617,894. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. The company has a market cap of $6.32 billion, a PE ratio of 8.08 and a beta of 2.01. The stock's 50-day simple moving average is $67.73 and its two-hundred day simple moving average is $65.38. Taylor Morrison Home has a 1 year low of $50.00 and a 1 year high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, beating analysts' consensus estimates of $2.06 by $0.31. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the business posted $1.62 earnings per share. The business's quarterly revenue was up 26.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Taylor Morrison Home will post 8.44 earnings per share for the current fiscal year.

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.