Taylor Morrison Home (NYSE:TMHC) Given New $82.00 Price Target at JPMorgan Chase & Co.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) had its price target dropped by JPMorgan Chase & Co. from $90.00 to $82.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the construction company's stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 34.76% from the stock's previous close.

Other equities research analysts have also recently issued research reports about the company. BTIG Research lifted their price target on Taylor Morrison Home from $78.00 to $86.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Seaport Res Ptn lowered shares of Taylor Morrison Home from a "hold" rating to a "strong sell" rating in a research note on Monday, January 27th. Wedbush upgraded shares of Taylor Morrison Home from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $65.00 to $85.00 in a research note on Friday, October 25th. StockNews.com lowered shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada raised their price objective on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $82.43.

Taylor Morrison Home Stock Performance

Shares of TMHC traded down $1.13 during mid-day trading on Tuesday, reaching $60.85. 951,109 shares of the company's stock traded hands, compared to its average volume of 1,078,663. The business's 50-day moving average price is $63.00 and its 200-day moving average price is $66.24. The stock has a market capitalization of $6.30 billion, a P/E ratio of 7.35 and a beta of 2.03. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39. Taylor Morrison Home has a 12 month low of $53.17 and a 12 month high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its quarterly earnings results 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 analysts predict that Taylor Morrison Home will post 8.93 earnings per share for the current year.

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 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 in the company, valued at approximately $152,294,229.36. The trade was a 1.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in Taylor Morrison Home in the 4th quarter worth approximately $93,810,000. Assenagon Asset Management S.A. boosted its stake in Taylor Morrison Home by 271.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 896,032 shares of the construction company's stock worth $62,955,000 after purchasing an additional 654,541 shares during the period. Vision Capital Corp acquired a new position in Taylor Morrison Home in the 3rd quarter worth approximately $38,173,000. Charles Schwab Investment Management Inc. boosted its stake in Taylor Morrison Home by 26.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company's stock worth $95,696,000 after purchasing an additional 282,227 shares during the period. Finally, Boston Partners boosted its stake in Taylor Morrison Home by 88.7% in the 4th quarter. Boston Partners now owns 594,347 shares of the construction company's stock worth $36,794,000 after purchasing an additional 279,361 shares during the period. 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.