Taylor Morrison Home Co. (NYSE:TMHC – Free Report) has received an average rating of Buy from the six rating agencies that cover the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a Hold rating and three have given the company a Buy rating. The average price target for the next twelve months among analysts that have published a report on the stock in the last year is $59.80.
Several research analysts have commented on the stock. StockNews.com upgraded shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a research note on Thursday. Wedbush issued an “outperform” rating and a $61.00 price target on shares of Taylor Morrison Home in a report on Thursday, May 30. Zelman & Associates upgraded shares of Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a report on Friday, April 12. Barclays cut their price target on shares of Taylor Morrison Home from $65.00 to $62.00 and set an “equal weight” rating for the company in a report on Friday. Finally, Royal Bank of Canada raised their price target on shares of Taylor Morrison Home from $61.00 to $63.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st.
Check out our latest stock report on Taylor Morrison Home
Insider Activities at Taylor Morrison Home
In related news, CEO Sheryl Palmer sold 100,000 shares of the company’s stock on Wednesday, May 15. The shares were sold at an average price of $61.70, for a total value of $6,170,000.00. Following the sale, the CEO now directly owns 19,211 shares of the company’s stock, valued at approximately $1,185,318.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.50% of the shares are currently owned by insiders.
Institutional investors comment on Taylor Morrison’s house
Several institutional investors and hedge funds have recently added to or reduced their holdings of TMHC. Rise Advisors LLC acquired a new stake in Taylor Morrison Home in the 1st quarter valued at approximately $26,000. ICA Group Wealth Management LLC acquired a new position in shares of Taylor Morrison Home in the 4th quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Taylor Morrison Home in the 2nd quarter valued at approximately $31,000. Private Wealth Management Group LLC acquired a new position in Taylor Morrison Home in the 4th quarter valued at approximately $39,000. Finally, Daiwa Securities Group Inc. acquired a new position in Taylor Morrison Home in the 4th quarter valued at approximately $48,000. 95.16% of the shares are owned by institutional investors.
Taylor Morrison property trading up 2.8%
Shares of NYSE:TMHC opened at $61.03 on Friday. The company has a market cap of $6.45 billion, a P/E ratio of 8.73 and a beta of 1.95. The stock’s 50-day moving average is $56.84 and its 200-day moving average is $56.00. Taylor Morrison Home has a 52-week low of $37.23 and a 52-week high of $62.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.91 and a current ratio of 6.16.
Taylor Morrison Home (NYSE:TMHC – Get Free Report) released its last earnings results on Tuesday, April 30. The home improvement company reported earnings per share of $1.75 for the quarter, beating the consensus estimate of $1.57 by $0.18. Taylor Morrison Home had a net margin of 10.30% and a return on equity of 15.75%. The company posted revenue of $1.70 billion during the quarter, compared to analyst expectations of $1.66 billion. During the same quarter last year, the company posted earnings per share of $1.74. The company’s revenue grew by 2.3% year-over-year. Equities analysts forecast that Taylor Morrison Home will post earnings per share of $7.62 for the current year.
About Taylor Morrison Home
(Get free report
Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public housing developer in the United States. The company designs, builds and sells single-family, multi-family and townhomes and develops lifestyle and master-planned communities. It develops and builds multi-use properties consisting of commercial space, retail stores and multifamily housing under the Urban Form brand name.
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