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

Shares of Taylor Morrison Home Corporation (NYSE:TMHC - Get Free Report) have received an average recommendation of "Buy" from the nine brokerages that are covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $76.8750.

TMHC has been the subject of a number of analyst reports. Bank of America initiated coverage on Taylor Morrison Home in a research note on Monday, May 5th. They issued a "buy" rating and a $70.00 price target for the company. Wedbush restated an "outperform" rating and issued a $85.00 price target on shares of Taylor Morrison Home in a research note on Wednesday, April 23rd. Barclays set a $69.00 price target on Taylor Morrison Home and gave the company an "overweight" rating in a research note on Thursday, April 24th. Wall Street Zen downgraded Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. Finally, Seaport Res Ptn upgraded Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd.

Insider Activity

In other Taylor Morrison Home news, CFO Curtis Vanhyfte sold 9,754 shares of the business's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $65.22, for a total value of $636,155.88. Following the transaction, the chief financial officer owned 14,163 shares of the company's stock, valued at approximately $923,710.86. The trade was a 40.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is currently owned by insiders.

Institutional Trading of Taylor Morrison Home

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Atlantic Union Bankshares Corp purchased a new position in shares of Taylor Morrison Home in the second quarter valued at $28,000. Morse Asset Management Inc acquired a new stake in shares of Taylor Morrison Home during the 4th quarter valued at about $29,000. AlphaCore Capital LLC acquired a new stake in Taylor Morrison Home in the 2nd quarter worth about $37,000. GAMMA Investing LLC raised its stake 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 valued at $40,000 after acquiring an additional 444 shares in the last quarter. Finally, Quarry LP increased its holdings in Taylor Morrison Home by 202.1% in the fourth quarter. Quarry LP now owns 704 shares of the construction company's stock valued at $43,000 after buying an additional 471 shares during the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Taylor Morrison Home Stock Performance

Taylor Morrison Home stock traded down $1.0150 during trading hours on Monday, reaching $65.6750. 908,813 shares of the company were exchanged, compared to its average volume of 1,076,508. Taylor Morrison Home has a 12 month low of $51.90 and a 12 month high of $75.49. The stock has a 50-day moving average of $62.87 and a 200 day moving average of $60.53. The company has a current ratio of 6.54, a quick ratio of 0.74 and a debt-to-equity ratio of 0.35. The firm has a market cap of $6.59 billion, a price-to-earnings ratio of 7.58 and a beta of 1.53.

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

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.