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

Key Points

• Analysts give Taylor Morrison an overall "Moderate Buy" consensus (10 brokers: 1 sell, 2 hold, 6 buy, 1 strong buy) with a mean 1‑year price target of $78.29, well above the recent ~$57 share price.
• Large institutional buying has accelerated—Norges Bank, AQR, M&T Bank, AllianceBernstein and Long Pond all materially increased positions—and 95.16% of the stock is held by hedge funds and other institutions.
• The company trades at a low reported P/E of 7.37 with a market cap of about $5.51 billion, and a 1‑year trading range of $51.90–$72.50.

Taylor Morrison Home Corporation (NYSE:TMHC - Get Free Report) has been given an average rating of "Moderate Buy" by the ten brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $78.2857.

A number of brokerages have weighed in on TMHC. Barclays decreased their price objective on Taylor Morrison Home from $71.00 to $70.00 and set an "overweight" rating on the stock in a report on Thursday, February 12th. Citizens Jmp began coverage on shares of Taylor Morrison Home in a report on Wednesday, January 7th. They set a "market outperform" rating and a $95.00 target price for the company. 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. Royal Bank Of Canada boosted their price target on shares of Taylor Morrison Home from $62.00 to $68.00 and gave the stock an "outperform" rating in a research report on Thursday, February 12th. Finally, Bank of America reaffirmed a "neutral" rating on shares of Taylor Morrison Home in a research note on Tuesday, March 3rd.

Taylor Morrison Home Stock Performance

Shares of NYSE:TMHC opened at $57.21 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 7.31 and a quick ratio of 1.55. The business's 50 day moving average price is $62.83 and its 200-day moving average price is $62.35. The firm has a market capitalization of $5.51 billion, a PE ratio of 7.37, a P/E/G ratio of 7.87 and a beta of 1.57. Taylor Morrison Home has a 1 year low of $51.90 and a 1 year high of $72.50.

Institutional Investors Weigh In On Taylor Morrison Home

A number of large investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Taylor Morrison Home during the 2nd quarter worth $93,627,000. AQR Capital Management LLC raised its holdings in Taylor Morrison Home by 67.6% in the 4th quarter. AQR Capital Management LLC now owns 3,710,885 shares of the construction company's stock valued at $218,274,000 after buying an additional 1,497,329 shares during the period. M&T Bank Corp raised its holdings in Taylor Morrison Home by 28,246.3% in the 4th quarter. M&T Bank Corp now owns 1,058,169 shares of the construction company's stock valued at $62,294,000 after buying an additional 1,054,436 shares during the period. Alliancebernstein L.P. boosted its stake in Taylor Morrison Home by 360.1% during the third quarter. Alliancebernstein L.P. now owns 1,284,221 shares of the construction company's stock worth $84,771,000 after buying an additional 1,005,116 shares during the period. Finally, Long Pond Capital LP boosted its stake in Taylor Morrison Home by 132.4% during the second quarter. Long Pond Capital LP now owns 1,561,586 shares of the construction company's stock worth $95,913,000 after buying an additional 889,616 shares during the period. 95.16% of the stock is currently 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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