Taylor Morrison Home (NYSE:TMHC) Receives "Outperform" Rating from Wedbush

Key Points

• Wedbush has reiterated its "Outperform" rating for Taylor Morrison Home (NYSE:TMHC) and set a price target of $85.00, indicating a 39.10% potential upside from the current price.
• The company reported earnings of $2.11 per share in its latest quarter, exceeding estimates, although revenue declined by 1.2% year-over-year to $2.10 billion.
• Insider trading activity showed significant selling, with Director Anne L. Mariucci and CEO Sheryl Palmer offloading thousands of shares in recent transactions.

Taylor Morrison Home (NYSE:TMHC - Get Free Report)'s stock had its "outperform" rating reiterated by stock analysts at Wedbush in a research report issued on Thursday,RTT News reports. They presently have a $85.00 price target on the construction company's stock. Wedbush's price target points to a potential upside of 39.10% from the company's current price.

Several other analysts also recently weighed in on TMHC. Seaport Res Ptn raised shares of Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. Bank of America reduced their price objective on shares of Taylor Morrison Home from $75.00 to $72.00 and set a "buy" rating for the company in a research note on Friday, October 10th. Weiss Ratings reissued a "buy (b)" rating on shares of Taylor Morrison Home in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada reduced their price objective on shares of Taylor Morrison Home from $75.00 to $68.00 and set an "outperform" rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $76.38.

Taylor Morrison Home Trading Up 0.9%

Shares of Taylor Morrison Home stock traded up $0.54 on Thursday, hitting $61.11. 1,495,321 shares of the company traded hands, compared to its average volume of 1,166,835. The stock's 50 day moving average price is $66.36 and its 200-day moving average price is $62.11. The company has a current ratio of 7.02, a quick ratio of 0.74 and a debt-to-equity ratio of 0.35. Taylor Morrison Home has a 52 week low of $51.90 and a 52 week high of $75.49. The company has a market cap of $6.13 billion, a PE ratio of 7.36 and a beta of 1.61.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last posted its quarterly earnings results on Wednesday, October 22nd. The construction company reported $2.11 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.18. Taylor Morrison Home had a net margin of 10.16% and a return on equity of 15.23%. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the firm posted $2.40 earnings per share. The company's revenue was down 1.2% on a year-over-year basis. Equities research analysts predict that Taylor Morrison Home will post 8.93 EPS for the current year.

Insider Buying and Selling at Taylor Morrison Home

In other Taylor Morrison Home news, Director Anne L. Mariucci sold 14,002 shares of the company's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $70.00, for a total value of $980,140.00. Following the sale, the director directly owned 48,191 shares of the company's stock, valued at approximately $3,373,370. This represents a 22.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sheryl Palmer sold 13,513 shares of the stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $72.06, for a total transaction of $973,746.78. Following the sale, the chief executive officer directly owned 370,475 shares in the company, valued at approximately $26,696,428.50. The trade was a 3.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,351 shares of company stock valued at $4,700,630. 1.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Taylor Morrison Home

Hedge funds have recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of Taylor Morrison Home by 193.0% during the 1st quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock worth $40,000 after purchasing an additional 444 shares during the last quarter. KBC Group NV raised its position in shares of Taylor Morrison Home by 16.7% during the 1st quarter. KBC Group NV now owns 4,987 shares of the construction company's stock worth $299,000 after purchasing an additional 714 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in shares of Taylor Morrison Home during the 1st quarter worth about $243,000. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Taylor Morrison Home by 10.8% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,200 shares of the construction company's stock worth $552,000 after purchasing an additional 900 shares during the last quarter. Finally, Cerity Partners LLC raised its position in shares of Taylor Morrison Home by 15.6% during the 1st quarter. Cerity Partners LLC now owns 24,507 shares of the construction company's stock worth $1,471,000 after purchasing an additional 3,311 shares during the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

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.

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