Taylor Morrison Home Corporation (NYSE:TMHC) Given Average Recommendation of “Buy” by Analysts

Taylor Morrison Home Corporation (NYSE:TMHC) has received an average recommendation of “Buy” from the nine research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $75.2857.

Several research firms recently weighed in on TMHC. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Taylor Morrison Home in a research report on Wednesday, November 19th. Royal Bank Of Canada cut their target price on Taylor Morrison Home from $75.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday, October 23rd. Wedbush reiterated an “outperform” rating and issued a $85.00 price target on shares of Taylor Morrison Home in a research note on Thursday, October 23rd. Finally, Bank of America lowered their price target on Taylor Morrison Home from $75.00 to $72.00 and set a “buy” rating for the company in a report on Friday, October 10th.

Taylor Morrison Home Trading Up 4.2%

Shares of NYSE:TMHC opened at $62.25 on Wednesday. The business’s 50 day simple moving average is $62.15 and its 200 day simple moving average is $62.61. Taylor Morrison Home has a 1 year low of $51.90 and a 1 year high of $75.42. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.02 and a quick ratio of 1.02. The company has a market capitalization of $6.08 billion, a P/E ratio of 7.50 and a beta of 1.58.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, October 22nd. The construction company reported $2.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.18. Taylor Morrison Home had a return on equity of 15.23% and a net margin of 10.16%.The firm had revenue of $94.84 million during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the prior year, the company posted $2.40 EPS. The company’s revenue was down 1.2% compared to the same quarter last year. On average, research analysts anticipate that Taylor Morrison Home will post 8.93 EPS for the current fiscal year.

Insider Transactions at Taylor Morrison Home

In other news, CEO Sheryl Palmer sold 13,513 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $72.06, for a total value of $973,746.78. Following the sale, the chief executive officer directly owned 370,475 shares in the company, valued at approximately $26,696,428.50. This trade represents a 3.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Anne L. Mariucci sold 14,002 shares of Taylor Morrison Home stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $70.00, for a total transaction of $980,140.00. Following the sale, the director directly owned 48,191 shares in the company, valued at $3,373,370. This trade represents a 22.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. ORG Partners LLC acquired a new stake in shares of Taylor Morrison Home during the 3rd quarter valued at $26,000. Root Financial Partners LLC acquired a new stake in shares of Taylor Morrison Home during the third quarter valued at about $27,000. Atlantic Union Bankshares Corp bought a new stake in shares of Taylor Morrison Home during the second quarter worth about $28,000. Pinnacle Holdings LLC bought a new stake in shares of Taylor Morrison Home during the third quarter worth about $32,000. Finally, AlphaCore Capital LLC acquired a new position in shares of Taylor Morrison Home in the second quarter valued at approximately $37,000. 95.16% of the stock is currently owned by institutional investors and hedge funds.

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.