Taylor Morrison Home Corporation (NYSE:TMHC) Receives Average Recommendation of "Buy" from Brokerages

Shares of Taylor Morrison Home Corporation (NYSE:TMHC - Get Free Report) have received an average rating of "Buy" from the ten analysts that are presently covering the firm, MarketBeat Ratings reports. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $76.88.

A number of brokerages have weighed in on TMHC. Wall Street Zen cut shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. Wedbush reaffirmed an "outperform" rating and issued a $85.00 price objective on shares of Taylor Morrison Home in a report on Wednesday, April 23rd. Barclays set a $69.00 price objective on shares of Taylor Morrison Home and gave the stock an "overweight" rating in a report on Thursday, April 24th. Bank of America started coverage on shares of Taylor Morrison Home in a report on Monday, May 5th. They issued a "buy" rating and a $70.00 price objective on the stock. Finally, Seaport Res Ptn raised shares of Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a report on Wednesday.

Taylor Morrison Home Price Performance

TMHC stock traded down $3.60 during trading on Thursday, reaching $60.71. 2,059,730 shares of the company were exchanged, compared to its average volume of 1,234,317. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.86 and a current ratio of 6.54. The company has a market cap of $6.09 billion, a P/E ratio of 7.01 and a beta of 1.57. The stock's 50 day moving average price is $60.23 and its 200 day moving average price is $60.51. Taylor Morrison Home has a 52-week low of $51.90 and a 52-week high of $75.49.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The construction company reported $2.02 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $1.93 billion. During the same quarter in the previous year, the business posted $1.86 earnings per share. The firm's quarterly revenue was up 2.0% compared to the same quarter last year. As a group, analysts predict that Taylor Morrison Home will post 8.93 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Taylor Morrison Home

Large investors have recently made changes to their positions in the business. Morse Asset Management Inc acquired a new position in shares of Taylor Morrison Home in the fourth quarter worth about $29,000. GAMMA Investing LLC boosted its holdings in shares of Taylor Morrison Home by 193.0% in the first quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock worth $40,000 after buying an additional 444 shares during the period. Quarry LP lifted its position in shares of Taylor Morrison Home by 202.1% in the fourth quarter. Quarry LP now owns 704 shares of the construction company's stock worth $43,000 after purchasing an additional 471 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Taylor Morrison Home by 49.5% in the first quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company's stock worth $48,000 after purchasing an additional 262 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in shares of Taylor Morrison Home by 50.2% in the first quarter. Harbor Capital Advisors Inc. now owns 844 shares of the construction company's stock worth $51,000 after purchasing an additional 282 shares in the last quarter. Institutional investors own 95.16% of the company's stock.

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.