Taylor Morrison Home (NYSE:TMHC) Earns "Buy (B)" Rating from Weiss Ratings

Key Points

• Taylor Morrison Home's stock received a "buy (B)" rating from Weiss Ratings, reaffirming positive sentiment among analysts.
• Bank of America raised its price target for Taylor Morrison Home shares from $72.00 to $75.00, while a majority of analysts maintain a consensus rating of "Buy" with a target price set at $77.50.
• The company's quarterly earnings report showed an EPS of $2.02, beating estimates, with revenue reaching $2.03 billion—an increase of 2.0% compared to the previous year.

Taylor Morrison Home (NYSE:TMHC - Get Free Report)'s stock had its "buy (b)" rating reiterated by investment analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

A number of other equities analysts have also commented on the stock. Bank of America lifted their price target on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, September 18th. Seaport Res Ptn raised shares of Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. According to data from MarketBeat.com, Taylor Morrison Home currently has a consensus rating of "Buy" and a consensus target price of $77.50.

Taylor Morrison Home Stock Performance

Shares of NYSE:TMHC traded down $0.43 during trading on Wednesday, reaching $62.93. The stock had a trading volume of 1,070,216 shares, compared to its average volume of 1,078,533. Taylor Morrison Home has a 52 week low of $51.90 and a 52 week high of $75.49. The firm has a market capitalization of $6.32 billion, a price-to-earnings ratio of 7.27 and a beta of 1.61. The company has a quick ratio of 0.74, a current ratio of 6.54 and a debt-to-equity ratio of 0.35. The stock has a fifty day simple moving average of $66.98 and a two-hundred day simple moving average of $61.98.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its quarterly 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 company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter last year, the firm posted $1.86 earnings per share. The company's quarterly revenue was up 2.0% compared to the same quarter last year. As a group, analysts anticipate that Taylor Morrison Home will post 8.93 earnings per share for the current fiscal year.

Insider Transactions at Taylor Morrison Home

In other news, CFO Curtis Vanhyfte sold 5,082 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $69.97, for a total value of $355,587.54. Following the sale, the chief financial officer owned 11,742 shares in the company, valued at approximately $821,587.74. This trade represents a 30.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Sheryl Palmer sold 13,513 shares of the firm's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $72.06, for a total transaction of $973,746.78. Following the completion of the sale, the chief executive officer owned 370,475 shares in the company, valued at approximately $26,696,428.50. The trade was a 3.52% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,351 shares of company stock worth $4,700,630. Insiders own 1.40% of the company's stock.

Institutional Investors Weigh In On Taylor Morrison Home

Institutional investors have recently bought and sold shares of the business. Atlantic Union Bankshares Corp acquired a new stake in Taylor Morrison Home during the second quarter worth $28,000. AlphaCore Capital LLC acquired a new stake in Taylor Morrison Home during the second quarter worth $37,000. GAMMA Investing LLC boosted its stake in Taylor Morrison Home by 193.0% during 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 in the last quarter. Farther Finance Advisors LLC boosted 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 worth $48,000 after buying an additional 262 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in Taylor Morrison Home by 50.2% during the first quarter. Harbor Capital Advisors Inc. now owns 844 shares of the construction company's stock worth $51,000 after buying an additional 282 shares in the last quarter. 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.

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