Taylor Morrison Home Co. (NYSE:TMHC) Receives $82.43 Consensus PT from Analysts

Taylor Morrison Home Co. (NYSE:TMHC - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the nine ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $82.43.

Several brokerages have commented on TMHC. Royal Bank of Canada raised their price target on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. 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 report on Tuesday, February 18th. Seaport Res Ptn upgraded Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. StockNews.com cut Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Finally, Barclays upgraded shares of Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $75.00 to $90.00 in a research note on Wednesday, December 11th.

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Taylor Morrison Home Trading Down 0.8 %

Shares of NYSE:TMHC traded down $0.46 during mid-day trading on Friday, reaching $60.84. 870,502 shares of the company were exchanged, compared to its average volume of 823,650. Taylor Morrison Home has a 1 year low of $53.17 and a 1 year high of $75.49. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94. The firm's 50-day simple moving average is $62.75 and its 200 day simple moving average is $65.80. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 7.35 and a beta of 2.06.

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

Insider Activity at Taylor Morrison Home

In other news, CAO Joseph Terracciano sold 1,537 shares of the firm's stock in a transaction that occurred 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 SEC, which can be accessed through the SEC website. Also, Director David C. Merritt sold 2,402 shares of Taylor Morrison Home 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. Insiders own 3.50% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new position in Taylor Morrison Home in the 4th quarter valued at $93,810,000. Vision Capital Corp purchased a new position in Taylor Morrison Home during the third quarter worth about $38,173,000. Charles Schwab Investment Management Inc. lifted its position in Taylor Morrison Home by 26.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company's stock valued at $95,696,000 after purchasing an additional 282,227 shares during the period. Boston Partners boosted its holdings 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 purchasing an additional 279,361 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in Taylor Morrison Home during the 4th quarter worth approximately $14,736,000. 95.16% of the stock is owned by hedge funds and other institutional investors.

About Taylor Morrison Home

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.