Taylor Morrison Home (NYSE:TMHC) Upgraded at Barclays

Taylor Morrison Home (NYSE:TMHC - Get Free Report) was upgraded by equities researchers at Barclays from an "equal weight" rating to an "overweight" rating in a note issued to investors on Wednesday, MarketBeat Ratings reports. The firm currently has a $90.00 target price on the construction company's stock, up from their previous target price of $75.00. Barclays's price objective suggests a potential upside of 33.39% from the company's current price.

TMHC has been the subject of a number of other reports. StockNews.com raised Taylor Morrison Home from a "hold" rating to a "buy" rating in a report on Thursday, October 24th. BTIG Research increased their price target on shares of 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 reaffirmed an "outperform" rating and set a $84.00 price objective (up previously from $81.00) on shares of Taylor Morrison Home in a research note on Tuesday, October 29th. Royal Bank of Canada increased their target price on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Finally, Wedbush raised shares of Taylor Morrison Home from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $65.00 to $85.00 in a report on Friday, October 25th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $84.40.

Taylor Morrison Home Stock Down 1.1 %

Shares of Taylor Morrison Home stock traded down $0.78 on Wednesday, hitting $67.47. The company had a trading volume of 674,595 shares, compared to its average volume of 793,426. The stock has a market capitalization of $6.98 billion, a price-to-earnings ratio of 8.92 and a beta of 1.97. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24. Taylor Morrison Home has a 1 year low of $46.73 and a 1 year high of $75.49. The stock has a 50 day moving average of $69.92 and a 200-day moving average of $64.75.

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

Insider Transactions at Taylor Morrison Home

In other Taylor Morrison Home news, 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 represents a 1.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Darrell Sherman sold 26,757 shares of Taylor Morrison Home stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $70.00, for a total transaction 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 $7,645,190. This represents a 19.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 128,621 shares of company stock valued at $9,164,869 in the last ninety days. 3.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Taylor Morrison Home

A number of hedge funds have recently bought and sold shares of the company. State Street Corp raised its holdings in Taylor Morrison Home by 2.8% during the third quarter. State Street Corp now owns 4,987,968 shares of the construction company's stock valued at $350,455,000 after acquiring an additional 136,432 shares during the period. Principal Financial Group Inc. lifted its position in Taylor Morrison Home by 3.5% during the third quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company's stock valued at $144,144,000 after purchasing an additional 69,222 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of 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 buying an additional 282,227 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Taylor Morrison Home by 2.5% during the 3rd quarter. Fisher Asset Management LLC now owns 1,151,977 shares of the construction company's stock valued at $80,938,000 after buying an additional 28,166 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Taylor Morrison Home by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,066,470 shares of the construction company's stock valued at $59,125,000 after acquiring an additional 4,638 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company's stock.

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.