Shares of Taylor Morrison Home Corporation (NYSE:TMHC) have earned an average rating of “Hold” from the nine ratings firms that are covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $23.25.

A number of research analysts have commented on the company. BidaskClub raised Taylor Morrison Home from a “hold” rating to a “buy” rating in a report on Wednesday, October 4th. ValuEngine lowered Taylor Morrison Home from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd. Deutsche Bank upped their target price on Taylor Morrison Home from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Monday, August 7th. Finally, B. Riley reiterated a “neutral” rating on shares of Taylor Morrison Home in a research report on Thursday, November 2nd.

Taylor Morrison Home (NYSE TMHC) opened at $23.92 on Monday. Taylor Morrison Home has a 1-year low of $18.26 and a 1-year high of $24.79. The company has a current ratio of 6.85, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $2,859.80, a PE ratio of 12.86, a PEG ratio of 1.09 and a beta of 1.47.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, November 1st. The construction company reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.04. Taylor Morrison Home had a return on equity of 4.18% and a net margin of 2.41%. The business had revenue of $908.00 million for the quarter, compared to analysts’ expectations of $914.19 million. During the same quarter in the previous year, the business posted $0.49 EPS. Taylor Morrison Home’s revenue for the quarter was up 6.4% on a year-over-year basis. analysts forecast that Taylor Morrison Home will post 1.84 earnings per share for the current fiscal year.

In other news, insider C. David Cone sold 35,000 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $23.79, for a total value of $832,650.00. Following the completion of the sale, the insider now owns 42,511 shares of the company’s stock, valued at $1,011,336.69. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.40% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the company. UBS Group AG increased its position in Taylor Morrison Home by 4.7% in the first quarter. UBS Group AG now owns 6,909 shares of the construction company’s stock worth $147,000 after buying an additional 307 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Taylor Morrison Home by 20.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,409 shares of the construction company’s stock valued at $154,000 after purchasing an additional 1,110 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Taylor Morrison Home by 17.6% in the second quarter. Victory Capital Management Inc. now owns 7,429 shares of the construction company’s stock valued at $178,000 after purchasing an additional 1,114 shares in the last quarter. Legal & General Group Plc grew its position in shares of Taylor Morrison Home by 25.6% in the first quarter. Legal & General Group Plc now owns 9,338 shares of the construction company’s stock valued at $199,000 after purchasing an additional 1,906 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its position in shares of Taylor Morrison Home by 62.3% in the second quarter. Ameritas Investment Partners Inc. now owns 5,369 shares of the construction company’s stock valued at $129,000 after purchasing an additional 2,060 shares in the last quarter. Institutional investors own 59.19% of the company’s stock.

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Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).

Analyst Recommendations for Taylor Morrison Home (NYSE:TMHC)

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