Taylor Morrison Home Corporation (NYSE:TMHC) Given Consensus Rating of "Buy" by Brokerages

Key Points

• Taylor Morrison Home Corporation (NYSE:TMHC) has received a consensus rating of "Buy" from ten research firms, with an average 1-year price objective of $77.50.
• Recent insider activity includes significant stock sales by Director Anne L. Mariucci and CFO Curtis Vanhyfte, resulting in a decrease of their ownership stakes in the company.
• The company reported strong earnings with $2.02 EPS for the last quarter, exceeding analysts' estimates, and a revenue increase of 2.0% year-over-year.

Shares of Taylor Morrison Home Corporation (NYSE:TMHC - Get Free Report) have earned a consensus rating of "Buy" from the ten research firms that are covering the firm, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $77.50.

A number of brokerages have commented on TMHC. Bank of America boosted their price objective on Taylor Morrison Home from $72.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday, September 18th. Seaport Res Ptn raised Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Taylor Morrison Home in a report on Saturday, September 27th.

Insider Activity

In other Taylor Morrison Home news, Director Anne L. Mariucci sold 14,002 shares of the company's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $70.00, for a total value of $980,140.00. Following the completion of the transaction, the director directly owned 48,191 shares of the company's stock, valued at $3,373,370. This represents a 22.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Curtis Vanhyfte sold 9,754 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $65.22, for a total value of $636,155.88. Following the sale, the chief financial officer owned 14,163 shares of the company's stock, valued at $923,710.86. This represents a 40.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 67,351 shares of company stock worth $4,700,630. 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 stock. Atlantic Union Bankshares Corp bought a new stake in shares of Taylor Morrison Home in the 2nd quarter worth about $28,000. AlphaCore Capital LLC acquired a new position in Taylor Morrison Home in the second quarter worth about $37,000. GAMMA Investing LLC increased its holdings in Taylor Morrison Home by 193.0% in the first quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock valued at $40,000 after buying an additional 444 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Taylor Morrison Home by 49.5% during the first quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company's stock valued at $48,000 after buying an additional 262 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in Taylor Morrison Home by 50.2% during the 1st quarter. Harbor Capital Advisors Inc. now owns 844 shares of the construction company's stock worth $51,000 after buying an additional 282 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors.

Taylor Morrison Home Trading Down 2.2%

Shares of TMHC stock opened at $66.41 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 6.54 and a debt-to-equity ratio of 0.35. Taylor Morrison Home has a fifty-two week low of $51.90 and a fifty-two week high of $75.49. The firm's 50 day moving average price is $66.88 and its two-hundred day moving average price is $61.96. The stock has a market cap of $6.67 billion, a price-to-earnings ratio of 7.67 and a beta of 1.61.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The construction company reported $2.02 EPS for the quarter, beating analysts' consensus estimates of $1.94 by $0.08. Taylor Morrison Home had a net margin of 10.72% and a return on equity of 16.22%. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter last year, the firm posted $1.86 EPS. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. On average, analysts anticipate that Taylor Morrison Home will post 8.93 EPS for the current year.

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.

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