Taylor Morrison Home (NYSE:TMHC) Reaches New 1-Year High – Should You Buy?

Taylor Morrison Home Co. (NYSE:TMHC) shares hit a new 52-week high on Monday . The company traded as high as $75.00 and last traded at $74.90, with a volume of 232984 shares. The stock had previously closed at $71.08.

Wall Street Analysts Forecast Growth

TMHC has been the subject of several analyst reports. Barclays upped their price target on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. 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. StockNews.com upgraded shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. Zelman & Associates upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. Finally, Royal Bank of Canada upped their price objective on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Taylor Morrison Home currently has an average rating of “Moderate Buy” and an average price target of $77.33.

Taylor Morrison Home Stock Performance

The company has a 50-day simple moving average of $69.45 and a two-hundred day simple moving average of $63.66. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24. The firm has a market capitalization of $7.74 billion, a P/E ratio of 9.99 and a beta of 1.96.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.06 by $0.31. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.96 billion. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%. The firm’s revenue was up 26.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.62 earnings per share. As a group, equities analysts forecast that Taylor Morrison Home Co. will post 8.44 EPS for the current year.

Insider Buying and Selling

In related news, Director William H. Lyon sold 9,075 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $72.08, for a total value of $654,126.00. Following the transaction, the director now owns 2,136,241 shares in the company, valued at $153,980,251.28. The trade was a 0.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Darrell Sherman sold 26,757 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $70.00, for a total transaction of $1,872,990.00. Following the sale, the executive vice president now owns 109,217 shares of the company’s stock, valued at approximately $7,645,190. This represents a 19.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,337 shares of company stock worth $7,356,683 in the last three months. 3.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Taylor Morrison Home

A number of institutional investors have recently made changes to their positions in TMHC. V Square Quantitative Management LLC bought a new position in shares of Taylor Morrison Home during the 3rd quarter valued at $29,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Taylor Morrison Home in the 2nd quarter worth $31,000. Harbor Capital Advisors Inc. bought a new position in shares of Taylor Morrison Home in the third quarter worth about $34,000. UMB Bank n.a. raised its stake in Taylor Morrison Home by 263.9% during the 3rd quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock worth $38,000 after acquiring an additional 388 shares during the period. Finally, Peterson Financial Group Inc. purchased a new position in Taylor Morrison Home during the third quarter valued at approximately $62,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

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.