Brokerages Set Taylor Morrison Home Corporation (NYSE:TMHC) PT at $76.88

Shares of Taylor Morrison Home Corporation (NYSE:TMHC - Get Free Report) have earned an average rating of "Moderate Buy" from the ten ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $76.88.

Several research firms have recently weighed in on TMHC. BTIG Research set a $75.00 target price on Taylor Morrison Home and gave the company a "buy" rating in a research report on Wednesday, April 16th. Seaport Res Ptn raised shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. Bank of America initiated coverage on Taylor Morrison Home in a research note on Monday, May 5th. They set a "buy" rating and a $70.00 target price for the company. Wall Street Zen cut Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. Finally, Wedbush restated an "outperform" rating and issued a $85.00 price objective on shares of Taylor Morrison Home in a report on Wednesday, April 23rd.

Taylor Morrison Home Price Performance

NYSE TMHC traded down $0.24 on Friday, hitting $61.04. The company had a trading volume of 28,014 shares, compared to its average volume of 925,522. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.45 and a quick ratio of 0.86. The company has a market capitalization of $6.13 billion, a PE ratio of 7.09 and a beta of 1.57. Taylor Morrison Home has a 12-month low of $51.90 and a 12-month high of $75.49. The company's fifty day moving average price is $58.28 and its 200-day moving average price is $60.20.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.33. Taylor Morrison Home had a net margin of 10.84% and a return on equity of 16.72%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the firm earned $1.75 EPS. The company's revenue for the quarter was up 11.5% on a year-over-year basis. As a group, analysts predict that Taylor Morrison Home will post 8.93 earnings per share for the current year.

Hedge Funds Weigh In On Taylor Morrison Home

Several institutional investors have recently modified their holdings of TMHC. Morse Asset Management Inc acquired a new position in Taylor Morrison Home during the 4th quarter worth $29,000. GAMMA Investing LLC raised its holdings in shares of Taylor Morrison Home by 193.0% in the 1st quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock valued at $40,000 after purchasing an additional 444 shares in the last quarter. Quarry LP grew its stake in shares of Taylor Morrison Home by 202.1% during 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 increased its holdings in Taylor Morrison Home by 49.5% in 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 during the last quarter. Finally, SRS Capital Advisors Inc. purchased a new stake in Taylor Morrison Home during the 4th quarter worth about $51,000. Institutional investors and hedge funds own 95.16% of the company's stock.

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.