Analysts Set Taylor Morrison Home Co. (NYSE:TMHC) Target Price at $76.88

Shares of Taylor Morrison Home Co. (NYSE:TMHC - Get Free Report) have been assigned an average rating of "Moderate Buy" from the ten ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $76.88.

A number of analysts have recently commented on TMHC shares. Bank of America started coverage on Taylor Morrison Home in a research note on Monday, May 5th. They set a "buy" rating and a $70.00 price target on the stock. Wedbush reaffirmed an "outperform" rating and issued a $85.00 price objective on shares of Taylor Morrison Home in a research note on Wednesday, April 23rd. Barclays set a $69.00 price target on Taylor Morrison Home and gave the company an "overweight" rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. dropped their price target on 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. Finally, BTIG Research set a $75.00 price objective on Taylor Morrison Home and gave the company a "buy" rating in a report on Wednesday, April 16th.

Taylor Morrison Home Stock Performance

Taylor Morrison Home stock traded up $0.49 during mid-day trading on Friday, hitting $61.26. 959,387 shares of the company's stock traded hands, compared to its average volume of 908,206. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94. The stock has a market cap of $6.15 billion, a price-to-earnings ratio of 7.40 and a beta of 1.68. The firm has a 50 day simple moving average of $58.44 and a two-hundred day simple moving average of $63.13. Taylor Morrison Home has a fifty-two week low of $51.90 and a fifty-two week high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The construction company reported $2.18 EPS for the quarter, topping analysts' consensus estimates of $1.85 by $0.33. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. The company had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter last year, the business earned $1.75 earnings per share. Taylor Morrison Home's revenue was up 11.5% on a year-over-year basis. On average, research analysts expect that Taylor Morrison Home will post 8.93 EPS for the current fiscal year.

Insider Activity

In related news, CAO Joseph Terracciano sold 1,537 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total transaction of $93,372.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David C. Merritt sold 2,402 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total value of $153,679.96. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Barclays PLC raised its holdings in shares of Taylor Morrison Home by 66.4% during the 3rd quarter. Barclays PLC now owns 420,419 shares of the construction company's stock worth $29,539,000 after acquiring an additional 167,735 shares in the last quarter. Principal Financial Group Inc. grew its position in Taylor Morrison Home by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company's stock valued at $144,144,000 after acquiring an additional 69,222 shares during the last quarter. Nordea Investment Management AB grew its position in Taylor Morrison Home by 2.0% in the 4th quarter. Nordea Investment Management AB now owns 138,871 shares of the construction company's stock valued at $8,529,000 after acquiring an additional 2,760 shares during the last quarter. Park Avenue Securities LLC grew its position in Taylor Morrison Home by 25.1% in the 4th quarter. Park Avenue Securities LLC now owns 7,710 shares of the construction company's stock valued at $472,000 after acquiring an additional 1,547 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Taylor Morrison Home by 43.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company's stock valued at $49,000 after buying an additional 243 shares during the period. 95.16% of the stock is owned by hedge funds and other institutional investors.

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.