Taylor Morrison Home Co. (NYSE:TMHC) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Taylor Morrison Home Co. (NYSE:TMHC) have received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $70.17.

TMHC has been the topic of several research analyst reports. StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Zelman & Associates upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research note on Monday, August 12th. Barclays lifted their price objective on shares of Taylor Morrison Home from $62.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. BTIG Research raised shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 price objective on the stock in a research report on Monday, August 19th. Finally, Royal Bank of Canada lifted their target price on shares of Taylor Morrison Home from $63.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, Director William H. Lyon sold 30,000 shares of the company’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $66.31, for a total value of $1,989,300.00. Following the transaction, the director now directly owns 2,225,316 shares of the company’s stock, valued at approximately $147,560,703.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director William H. Lyon sold 30,000 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $66.31, for a total transaction of $1,989,300.00. Following the sale, the director now directly owns 2,225,316 shares of the company’s stock, valued at approximately $147,560,703.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director William H. Lyon sold 28,259 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $68.25, for a total value of $1,928,676.75. Following the sale, the director now directly owns 2,197,057 shares in the company, valued at $149,949,140.25. The disclosure for this sale can be found here. Insiders have sold a total of 90,072 shares of company stock valued at $5,971,357 in the last ninety days. 3.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Taylor Morrison Home

Several large investors have recently modified their holdings of TMHC. Rise Advisors LLC acquired a new stake in shares of Taylor Morrison Home during the 1st quarter worth $26,000. ICA Group Wealth Management LLC bought a new stake in shares of Taylor Morrison Home during the 4th quarter worth $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Taylor Morrison Home during the 2nd quarter worth $31,000. Fidelis Capital Partners LLC bought a new stake in shares of Taylor Morrison Home during the 1st quarter worth $82,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Taylor Morrison Home during the 1st quarter worth $91,000. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Down 0.2 %

Shares of TMHC stock opened at $69.09 on Friday. The firm’s fifty day moving average price is $65.88 and its two-hundred day moving average price is $60.71. The company has a current ratio of 6.01, a quick ratio of 0.67 and a debt-to-equity ratio of 0.39. Taylor Morrison Home has a 1 year low of $37.23 and a 1 year high of $71.95. The firm has a market capitalization of $7.31 billion, a P/E ratio of 9.88 and a beta of 1.96.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, July 24th. The construction company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.06. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.87 billion. Taylor Morrison Home had a return on equity of 14.99% and a net margin of 9.92%. On average, equities analysts predict that Taylor Morrison Home will post 8.15 EPS for the current fiscal year.

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.