Taylor Morrison Home (NYSE:TMHC) has been assigned a $28.00 price target by stock analysts at Barclays in a research report issued on Thursday, Marketbeat.com reports. The firm presently has an “equal weight” rating on the construction company’s stock. Barclays’ price objective would indicate a potential upside of 16.18% from the company’s current price.
Several other equities research analysts have also recently weighed in on TMHC. ValuEngine cut Taylor Morrison Home from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 2nd. BidaskClub cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. B. Riley reiterated a “neutral” rating on shares of Taylor Morrison Home in a research note on Thursday, November 2nd. Citigroup upgraded Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Tuesday, January 2nd. Finally, UBS Group upgraded Taylor Morrison Home from a “neutral” rating to a “positive” rating in a research note on Thursday, January 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. Taylor Morrison Home currently has a consensus rating of “Buy” and an average target price of $28.22.
Taylor Morrison Home (NYSE TMHC) traded down $1.00 during mid-day trading on Thursday, reaching $24.10. The company had a trading volume of 2,395,119 shares, compared to its average volume of 2,410,000. The stock has a market capitalization of $2,790.00, a PE ratio of 32.13, a price-to-earnings-growth ratio of 0.80 and a beta of 1.44. Taylor Morrison Home has a 12-month low of $18.41 and a 12-month high of $28.42. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 6.85.
Taylor Morrison Home announced that its Board of Directors has authorized a share buyback plan on Wednesday, January 3rd that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the construction company to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
In other news, insider Group Holdings (Sbs) Advis Tpg sold 1,499,732 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $27.14, for a total value of $40,702,726.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.40% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Taylor Morrison Home by 72.8% in the second quarter. Vanguard Group Inc. now owns 7,031,797 shares of the construction company’s stock valued at $168,834,000 after purchasing an additional 2,962,990 shares during the period. BlackRock Inc. increased its holdings in shares of Taylor Morrison Home by 51.5% in the second quarter. BlackRock Inc. now owns 6,585,230 shares of the construction company’s stock valued at $158,111,000 after purchasing an additional 2,239,679 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Taylor Morrison Home by 31.1% in the third quarter. Dimensional Fund Advisors LP now owns 4,591,375 shares of the construction company’s stock valued at $101,239,000 after purchasing an additional 1,089,798 shares during the period. Greenhaven Associates Inc. increased its holdings in shares of Taylor Morrison Home by 6.7% in the fourth quarter. Greenhaven Associates Inc. now owns 2,695,488 shares of the construction company’s stock valued at $65,959,000 after purchasing an additional 169,244 shares during the period. Finally, NWQ Investment Management Company LLC increased its holdings in shares of Taylor Morrison Home by 2.4% in the third quarter. NWQ Investment Management Company LLC now owns 2,229,932 shares of the construction company’s stock valued at $49,170,000 after purchasing an additional 52,934 shares during the period. 57.67% of the stock is currently owned by institutional investors and hedge funds.
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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).
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