Taylor Morrison Home Co. (NYSE:TMHC) Receives $81.40 Consensus Target Price from Brokerages

Shares of Taylor Morrison Home Co. (NYSE:TMHC - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the seven brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $84.40.

TMHC has been the topic of a number of recent analyst reports. Royal Bank of Canada raised their target price on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. StockNews.com upgraded shares of Taylor Morrison Home from a "hold" rating to a "buy" rating in a research report on Thursday, October 24th. Wedbush upgraded Taylor Morrison Home from a "neutral" rating to an "outperform" rating and raised their price target for the company from $65.00 to $85.00 in a research report on Friday, October 25th. BTIG Research upped their price objective on Taylor Morrison Home from $78.00 to $86.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Finally, Barclays raised Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $75.00 to $90.00 in a report on Wednesday.

Taylor Morrison Home Price Performance

NYSE:TMHC traded down $0.29 during trading hours on Wednesday, hitting $67.96. The stock had a trading volume of 297,089 shares, compared to its average volume of 791,802. The firm has a market capitalization of $7.03 billion, a price-to-earnings ratio of 9.03 and a beta of 1.97. Taylor Morrison Home has a one year low of $46.73 and a one year high of $75.49. The company has a 50 day simple moving average of $69.96 and a two-hundred day simple moving average of $64.73. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, topping analysts' consensus estimates of $2.06 by $0.31. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.96 billion. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. The company's quarterly revenue was up 26.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.62 EPS. Research analysts forecast that Taylor Morrison Home will post 8.44 earnings per share for the current fiscal year.

Insider Transactions at Taylor Morrison Home

In other Taylor Morrison Home news, EVP Darrell Sherman sold 26,757 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $7,645,190. This trade represents a 19.68 % decrease in their position. The transaction was disclosed in a filing with the SEC, 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 that occurred on Monday, November 25th. The shares were sold at an average price of $74.46, for a total value of $1,808,186.64. Following the transaction, the director now owns 2,045,316 shares of the company's stock, valued at approximately $152,294,229.36. This represents a 1.17 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 128,621 shares of company stock worth $9,164,869. Insiders own 3.50% of the company's stock.

Institutional Trading of Taylor Morrison Home

Several institutional investors and hedge funds have recently bought and sold shares of the stock. V Square Quantitative Management LLC bought a new position in shares of Taylor Morrison Home in the 3rd quarter worth about $29,000. Harbor Capital Advisors Inc. purchased a new position in shares of Taylor Morrison Home during the third quarter valued at approximately $34,000. UMB Bank n.a. boosted its position in shares of 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 purchasing an additional 388 shares in the last quarter. Peterson Financial Group Inc. bought a new stake in shares of Taylor Morrison Home in the 3rd quarter worth approximately $62,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in Taylor Morrison Home during the 2nd quarter valued at approximately $100,000. 95.16% of the stock is currently 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.