Shares of Taylor Morrison Home Co. (NYSE:TMHC – Get Rating) have been assigned a consensus recommendation of "Hold" from the eight analysts that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $31.14.
TMHC has been the topic of several research reports. B. Riley lowered shares of Taylor Morrison Home from a "buy" rating to a "neutral" rating and decreased their price target for the company from $36.00 to $28.00 in a report on Thursday, June 16th. Credit Suisse Group raised shares of Taylor Morrison Home from a "neutral" rating to an "outperform" rating and set a $33.00 price target on the stock in a report on Monday, July 11th. Royal Bank of Canada lowered shares of Taylor Morrison Home from an "outperform" rating to a "sector perform" rating and lifted their price target for the company from $28.00 to $29.00 in a report on Thursday, July 28th. They noted that the move was a valuation call. JPMorgan Chase & Co. decreased their price target on shares of Taylor Morrison Home from $35.00 to $30.00 and set an "overweight" rating on the stock in a report on Tuesday, July 12th. Finally, Wells Fargo & Company lifted their price target on shares of Taylor Morrison Home from $25.00 to $30.00 and gave the company an "equal weight" rating in a report on Thursday, July 28th.
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Insiders Place Their Bets
In other news, CFO Louis Steffens acquired 11,000 shares of Taylor Morrison Home stock in a transaction dated Wednesday, September 14th. The shares were bought at an average cost of $23.07 per share, with a total value of $253,770.00. Following the purchase, the chief financial officer now owns 44,667 shares in the company, valued at approximately $1,030,467.69. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 5.20% of the company's stock.
Institutional Investors Weigh In On Taylor Morrison Home
Institutional investors have recently modified their holdings of the company. Federated Hermes Inc. lifted its position in shares of Taylor Morrison Home by 38.8% during the 2nd quarter. Federated Hermes Inc. now owns 28,214 shares of the construction company's stock valued at $659,000 after acquiring an additional 7,883 shares during the period. Hussman Strategic Advisors Inc. acquired a new position in shares of Taylor Morrison Home during the 2nd quarter valued at $724,000. Verition Fund Management LLC acquired a new position in shares of Taylor Morrison Home during the 2nd quarter valued at $445,000. Captrust Financial Advisors lifted its position in shares of Taylor Morrison Home by 65.8% during the 2nd quarter. Captrust Financial Advisors now owns 6,462 shares of the construction company's stock valued at $151,000 after acquiring an additional 2,565 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of Taylor Morrison Home by 0.8% during the 2nd quarter. Legal & General Group Plc now owns 195,853 shares of the construction company's stock valued at $4,575,000 after acquiring an additional 1,464 shares during the period. 95.05% of the stock is owned by institutional investors.
Taylor Morrison Home Price Performance
Shares of NYSE:TMHC opened at $24.13 on Monday. The firm has a 50 day moving average of $26.48 and a 200-day moving average of $26.97. The stock has a market capitalization of $2.74 billion, a PE ratio of 3.25 and a beta of 1.76. The company has a current ratio of 5.18, a quick ratio of 0.54 and a debt-to-equity ratio of 0.70. Taylor Morrison Home has a 12 month low of $20.05 and a 12 month high of $35.51.
Taylor Morrison Home (NYSE:TMHC – Get Rating) last issued its earnings results on Wednesday, July 27th. The construction company reported $2.27 EPS for the quarter, beating the consensus estimate of $1.82 by $0.45. The company had revenue of $2 billion during the quarter, compared to analysts' expectations of $2.01 billion. Taylor Morrison Home had a net margin of 11.27% and a return on equity of 22.19%. The business's revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.95 EPS. On average, equities research analysts predict that Taylor Morrison Home will post 9.73 EPS for the current fiscal year.
About Taylor Morrison Home
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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 also develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name; and offers title insurance and closing settlement services, as well as financial services.
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