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

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

TMHC has been the topic of several research analyst reports. Seaport Res Ptn upgraded Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. Bank of America began coverage on shares of Taylor Morrison Home in a research report on Monday, May 5th. They issued a "buy" rating and a $70.00 price objective for the company. BTIG Research set a $75.00 target price on Taylor Morrison Home and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Wedbush reiterated an "outperform" rating and issued a $85.00 price target on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. Finally, Barclays set a $69.00 price objective on Taylor Morrison Home and gave the stock an "overweight" rating in a report on Thursday, April 24th.

Taylor Morrison Home Trading Down 0.3%

Shares of Taylor Morrison Home stock traded down $0.16 on Friday, reaching $58.78. 391,044 shares of the company were exchanged, compared to its average volume of 907,587. The company has a current ratio of 6.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $5.90 billion, a price-to-earnings ratio of 7.10 and a beta of 1.68. Taylor Morrison Home has a fifty-two week low of $51.90 and a fifty-two week high of $75.49. The stock has a fifty day moving average price of $58.36 and a 200-day moving average price of $63.09.

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

Insider Buying and Selling

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

Hedge Funds Weigh In On Taylor Morrison Home

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Morse Asset Management Inc purchased a new position in shares of Taylor Morrison Home during the 4th quarter worth approximately $29,000. GAMMA Investing LLC grew its stake in Taylor Morrison Home by 193.0% during the 1st quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock valued at $40,000 after purchasing an additional 444 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in shares of Taylor Morrison Home by 68.1% in the 4th quarter. V Square Quantitative Management LLC now owns 684 shares of the construction company's stock valued at $42,000 after acquiring an additional 277 shares during the last quarter. Quarry LP boosted its position in Taylor Morrison Home by 202.1% during the 4th quarter. Quarry LP now owns 704 shares of the construction company's stock valued at $43,000 after purchasing an additional 471 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in Taylor Morrison Home by 49.5% during the 1st quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company's stock worth $48,000 after acquiring an additional 262 shares during the period. Hedge funds and other institutional investors own 95.16% of the company's stock.

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.