Taylor Morrison Home Co. (NYSE:TMHC) Receives Average Recommendation of “Moderate Buy” from Analysts

Taylor Morrison Home Co. (NYSE:TMHC) has received an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $84.00.

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, December 13th. Barclays upgraded Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $75.00 to $90.00 in a report on Wednesday, December 11th. Seaport Res Ptn cut Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a report on Monday. Wedbush raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $65.00 to $85.00 in a research report on Friday, October 25th. Finally, BTIG Research lifted their price objective on Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, October 24th.

Taylor Morrison Home Trading Down 3.2 %

Shares of TMHC stock opened at $64.36 on Thursday. The company has a market cap of $6.66 billion, a PE ratio of 8.51 and a beta of 2.01. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69. The stock’s 50 day simple moving average is $65.53 and its two-hundred day simple moving average is $66.48. Taylor Morrison Home has a 1 year low of $51.18 and a 1 year high of $75.49.

Insider Activity

In related news, Director William H. Lyon sold 24,284 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the completion of the sale, the director now owns 2,045,316 shares of the company’s stock, valued at $152,294,229.36. This represents a 1.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Taylor Morrison Home

A number of large investors have recently made changes to their positions in TMHC. V Square Quantitative Management LLC acquired a new stake in shares of Taylor Morrison Home in the 3rd quarter worth $29,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Taylor Morrison Home during the third quarter worth about $34,000. UMB Bank n.a. increased its holdings in shares of Taylor Morrison Home by 263.9% during the third quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock valued at $38,000 after acquiring an additional 388 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Taylor Morrison Home by 43.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock valued at $49,000 after purchasing an additional 243 shares during the last quarter. Finally, Peterson Financial Group Inc. acquired a new stake in Taylor Morrison Home in the 3rd quarter worth approximately $62,000. 95.16% of the stock is owned by institutional investors and hedge funds.

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.