Taylor Morrison Home Corporation (NYSE:TMHC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Taylor Morrison Home Corporation (NYSE:TMHC) have received a consensus rating of “Moderate Buy” from the ten research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $78.2857.

A number of research analysts have commented on TMHC shares. Citigroup began coverage on Taylor Morrison Home in a research note on Wednesday, January 7th. They set an “outperform” rating on the stock. Bank of America reissued a “neutral” rating on shares of Taylor Morrison Home in a research note on Tuesday, March 3rd. Weiss Ratings cut Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 20th. Zacks Research downgraded Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. Finally, Royal Bank Of Canada boosted their price target on shares of Taylor Morrison Home from $62.00 to $68.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th.

Taylor Morrison Home Stock Performance

NYSE:TMHC opened at $57.21 on Tuesday. Taylor Morrison Home has a fifty-two week low of $51.90 and a fifty-two week high of $72.50. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.55 and a current ratio of 7.31. The company has a 50 day moving average price of $62.83 and a 200 day moving average price of $62.35. The stock has a market capitalization of $5.51 billion, a P/E ratio of 7.37, a PEG ratio of 7.87 and a beta of 1.57.

Institutional Investors Weigh In On Taylor Morrison Home

Large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its holdings in Taylor Morrison Home by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,401,801 shares of the construction company’s stock worth $376,876,000 after buying an additional 57,326 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Taylor Morrison Home by 67.6% in the fourth quarter. AQR Capital Management LLC now owns 3,710,885 shares of the construction company’s stock worth $218,274,000 after acquiring an additional 1,497,329 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of Taylor Morrison Home by 2.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,398,394 shares of the construction company’s stock worth $141,194,000 after acquiring an additional 60,236 shares during the period. Morgan Stanley raised its stake in shares of Taylor Morrison Home by 10.4% in the fourth quarter. Morgan Stanley now owns 1,973,433 shares of the construction company’s stock valued at $116,176,000 after acquiring an additional 185,381 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Taylor Morrison Home by 61.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,833,814 shares of the construction company’s stock valued at $107,957,000 after acquiring an additional 695,471 shares in the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

About Taylor Morrison Home

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company’s portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company’s heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.