Taylor Morrison Home Co. (NYSE:TMHC) Receives Average Rating of "Moderate Buy" from Analysts

Taylor Morrison Home Co. (NYSE:TMHC - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the ten research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $76.88.

Several research firms have weighed in on TMHC. Wedbush reissued an "outperform" rating and issued a $85.00 price objective on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. Seaport Res Ptn upgraded shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. BTIG Research set a $75.00 target price on shares of Taylor Morrison Home and gave the stock a "buy" rating in a report on Wednesday, April 16th. Bank of America assumed coverage on Taylor Morrison Home in a research note on Monday, May 5th. They issued a "buy" rating and a $70.00 price target on the stock. Finally, JPMorgan Chase & Co. dropped their target price on shares of Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th.

Taylor Morrison Home Price Performance

NYSE:TMHC traded down $0.87 during trading hours on Wednesday, hitting $57.23. The company's stock had a trading volume of 743,098 shares, compared to its average volume of 931,256. The stock has a fifty day simple moving average of $57.48 and a 200-day simple moving average of $61.58. The company has a market capitalization of $5.74 billion, a P/E ratio of 6.91 and a beta of 1.57. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94. Taylor Morrison Home has a twelve month low of $51.90 and a twelve month high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, beating analysts' consensus estimates of $1.85 by $0.33. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.81 billion. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. The company's quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.75 EPS. On average, analysts anticipate that Taylor Morrison Home will post 8.93 EPS for the current fiscal year.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total value of $93,372.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Taylor Morrison Home

Institutional investors have recently modified their holdings of the business. Inspire Investing LLC grew its position in Taylor Morrison Home by 2.9% during the first quarter. Inspire Investing LLC now owns 20,981 shares of the construction company's stock worth $1,260,000 after buying an additional 598 shares during the period. Strs Ohio bought a new stake in shares of Taylor Morrison Home in the 1st quarter worth about $660,000. BOS Asset Management LLC lifted its stake in Taylor Morrison Home by 7.7% during the first quarter. BOS Asset Management LLC now owns 13,919 shares of the construction company's stock worth $836,000 after purchasing an additional 997 shares during the last quarter. Intech Investment Management LLC grew its position in shares of Taylor Morrison Home by 8.9% during the 1st quarter. Intech Investment Management LLC now owns 49,907 shares of the construction company's stock valued at $2,996,000 after buying an additional 4,063 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in Taylor Morrison Home by 16.8% in the first quarter. Jane Street Group LLC now owns 188,056 shares of the construction company's stock valued at $11,291,000 after buying an additional 27,072 shares during the last quarter. 95.16% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Company Profile

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.