Taylor Morrison Home (NYSE:TMHC) Given New $74.00 Price Target at Royal Bank of Canada

Taylor Morrison Home (NYSE:TMHC) had its target price upped by Royal Bank of Canada from $72.00 to $74.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the construction company’s stock.

A number of other research analysts also recently issued reports on TMHC. StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Wolfe Research raised shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a research report on Wednesday, January 8th. BTIG Research increased their target price on Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Wedbush raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $65.00 to $85.00 in a report on Friday, October 25th. Finally, Barclays raised shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $75.00 to $90.00 in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $83.57.

Taylor Morrison Home Stock Performance

NYSE TMHC opened at $63.98 on Thursday. The company has a market cap of $6.62 billion, a P/E ratio of 8.46 and a beta of 2.03. Taylor Morrison Home has a 1-year low of $53.17 and a 1-year high of $75.49. 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 has a 50-day moving average of $63.63 and a two-hundred day moving average of $66.38.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. As a group, analysts anticipate that Taylor Morrison Home will post 8.44 EPS for the current year.

Insider Buying and Selling

In other Taylor Morrison Home news, Director William H. Lyon sold 24,284 shares of Taylor Morrison Home stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $74.46, for a total value of $1,808,186.64. Following the transaction, the director now directly owns 2,045,316 shares in the company, valued at approximately $152,294,229.36. This trade represents a 1.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Taylor Morrison Home

Hedge funds and other institutional investors have recently bought and sold shares of the company. 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. acquired a new stake in Taylor Morrison Home in the third quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in 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 in the last quarter. SRS Capital Advisors Inc. acquired a new position in Taylor Morrison Home during the 4th quarter worth approximately $51,000. Finally, Smartleaf Asset Management LLC increased its position in Taylor Morrison Home by 41.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 830 shares of the construction company’s stock worth $51,000 after purchasing an additional 243 shares during the period. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

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.