Taylor Morrison Home Co. (NYSE:TMHC) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Taylor Morrison Home Co. (NYSE:TMHC - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the nine analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $84.00.

Several brokerages have recently issued reports on TMHC. Wolfe Research upgraded 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 note on Wednesday, January 8th. JPMorgan Chase & Co. lowered their target price on Taylor Morrison Home from $101.00 to $90.00 and set an "overweight" rating for the company in a research note on Friday, December 13th. StockNews.com downgraded shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. BTIG Research increased their price objective on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Finally, Barclays raised shares of Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $75.00 to $90.00 in a research note on Wednesday, December 11th.

Taylor Morrison Home Price Performance

TMHC stock traded up $2.55 during mid-day trading on Thursday, hitting $66.96. The stock had a trading volume of 243,542 shares, compared to its average volume of 850,395. The firm has a fifty day simple moving average of $65.43 and a 200 day simple moving average of $66.46. Taylor Morrison Home has a 52 week low of $51.18 and a 52 week high of $75.49. 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 firm has a market capitalization of $6.93 billion, a P/E ratio of 8.85 and a beta of 2.01.

Insiders Place Their Bets

In other Taylor Morrison Home news, Director William H. Lyon sold 24,284 shares of Taylor Morrison Home stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $74.46, for a total value of $1,808,186.64. Following the completion of the sale, the director now directly owns 2,045,316 shares in the company, valued at approximately $152,294,229.36. The trade was a 1.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.50% of the company's stock.

Institutional Trading of Taylor Morrison Home

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TMHC. Pacer Advisors Inc. increased its position in shares of Taylor Morrison Home by 1.2% during the 4th quarter. Pacer Advisors Inc. now owns 15,428 shares of the construction company's stock valued at $944,000 after purchasing an additional 180 shares during the last quarter. Resonant Capital Advisors LLC boosted its holdings in shares of Taylor Morrison Home by 2.1% in the 3rd quarter. Resonant Capital Advisors LLC now owns 9,103 shares of the construction company's stock worth $640,000 after buying an additional 191 shares during the last quarter. Captrust Financial Advisors grew its position in Taylor Morrison Home by 2.9% during the third quarter. Captrust Financial Advisors now owns 8,340 shares of the construction company's stock valued at $586,000 after buying an additional 234 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Taylor Morrison Home by 43.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock worth $49,000 after buying an additional 243 shares during the last quarter. Finally, Savant Capital LLC raised its position in Taylor Morrison Home by 5.3% in the fourth quarter. Savant Capital LLC now owns 5,012 shares of the construction company's stock worth $307,000 after acquiring an additional 251 shares during the period. 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.