Taylor Morrison Home Corporation (NYSE:TMHC) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Consensus rating: Ten analysts give Taylor Morrison a consensus of "Moderate Buy" (seven buys, three holds) with an average 12-month target of $77.43.
• Quarterly results: Q1 EPS beat expectations at $1.12 vs. $0.82 and revenue beat at $1.39B vs. $1.33B, but revenue was down 26.8% year-over-year and EPS declined from $2.07 a year earlier.
• Valuation and analyst divergence: Shares trade near $63.33 with a P/E of 9.45 and $6.1B market cap, while analyst views range widely (e.g., Seaport's $49 sell target vs. Citizens Jmp's $95 target), reflecting mixed sentiment despite high institutional ownership.

Shares of Taylor Morrison Home Corporation (NYSE:TMHC - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the ten analysts that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $77.4286.

A number of equities research analysts recently weighed in on the stock. Citizens Jmp assumed coverage on shares of Taylor Morrison Home in a research note on Wednesday, January 7th. They issued a "market outperform" rating and a $95.00 target price on the stock. Weiss Ratings downgraded shares of Taylor Morrison Home from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, February 20th. Wolfe Research reaffirmed an "outperform" rating and issued a $76.00 target price on shares of Taylor Morrison Home in a research note on Thursday. Citigroup initiated coverage on shares of Taylor Morrison Home in a research note on Wednesday, January 7th. They issued an "outperform" rating on the stock. Finally, Seaport Research Partners reissued a "sell" rating and set a $49.00 price target (down from $85.00) on shares of Taylor Morrison Home in a research note on Tuesday, April 7th.

Taylor Morrison Home Trading Down 1.6%

Shares of TMHC opened at $63.33 on Friday. The firm's 50 day simple moving average is $61.36 and its 200 day simple moving average is $61.46. The company has a market capitalization of $6.10 billion, a P/E ratio of 9.45, a P/E/G ratio of 1.60 and a beta of 1.58. The company has a debt-to-equity ratio of 0.37, a current ratio of 7.66 and a quick ratio of 1.55. Taylor Morrison Home has a 1-year low of $54.58 and a 1-year high of $72.50.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its earnings results on Wednesday, April 22nd. The construction company reported $1.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.30. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.33 billion. Taylor Morrison Home had a net margin of 8.77% and a return on equity of 11.48%. Taylor Morrison Home's quarterly revenue was down 26.8% on a year-over-year basis. During the same period last year, the firm posted $2.07 earnings per share. Sell-side analysts forecast that Taylor Morrison Home will post 4.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Root Financial Partners LLC raised its stake in shares of Taylor Morrison Home by 65.7% during the first quarter. Root Financial Partners LLC now owns 638 shares of the construction company's stock worth $37,000 after acquiring an additional 253 shares in the last quarter. Inspire Investing LLC raised its stake in shares of Taylor Morrison Home by 12.0% during the first quarter. Inspire Investing LLC now owns 10,745 shares of the construction company's stock worth $626,000 after acquiring an additional 1,151 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Taylor Morrison Home by 9.8% during the first quarter. Janney Montgomery Scott LLC now owns 24,035 shares of the construction company's stock worth $1,400,000 after acquiring an additional 2,151 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in shares of Taylor Morrison Home by 5.4% during the first quarter. Pictet Asset Management Holding SA now owns 15,194 shares of the construction company's stock worth $885,000 after acquiring an additional 772 shares in the last quarter. Finally, Foster & Motley Inc. raised its stake in shares of Taylor Morrison Home by 6.5% during the first quarter. Foster & Motley Inc. now owns 54,786 shares of the construction company's stock worth $3,191,000 after acquiring an additional 3,355 shares in the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

About Taylor Morrison Home

Taylor Morrison Home Corporation NYSE: TMHC is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company's portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company's heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.

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