Taylor Morrison Home (NYSE:TMHC) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Taylor Morrison Home (NYSE:TMHC) from a hold rating to a buy rating in a report issued on Thursday morning.

Other equities research analysts have also recently issued research reports about the company. Wedbush reaffirmed a “neutral” rating and set a $65.00 price target on shares of Taylor Morrison Home in a report on Wednesday. BTIG Research boosted their target price on Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday. Barclays boosted their target price on Taylor Morrison Home from $72.00 to $75.00 and gave the stock an “equal weight” rating in a report on Thursday. Raymond James initiated coverage on Taylor Morrison Home in a report on Wednesday, July 24th. They set an “outperform” rating and a $75.00 target price on the stock. Finally, Royal Bank of Canada boosted their target price on Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.83.

Taylor Morrison Home Stock Performance

TMHC opened at $68.52 on Thursday. The business’s 50 day moving average is $67.58 and its 200-day moving average is $61.66. The stock has a market cap of $7.25 billion, a PE ratio of 9.80 and a beta of 1.96. The company has a current ratio of 6.01, a quick ratio of 0.67 and a debt-to-equity ratio of 0.39. Taylor Morrison Home has a twelve month low of $37.23 and a twelve month high of $71.95.

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 analysts’ consensus estimates of $2.06 by $0.31. The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Taylor Morrison Home had a return on equity of 14.99% and a net margin of 9.92%. The business’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.62 earnings per share. On average, analysts predict that Taylor Morrison Home will post 8.15 earnings per share for the current year.

Insiders Place Their Bets

In other Taylor Morrison Home news, Director William H. Lyon sold 1,741 shares of Taylor Morrison Home stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $68.03, for a total value of $118,440.23. Following the transaction, the director now owns 2,195,316 shares in the company, valued at approximately $149,347,347.48. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC purchased a new position in Taylor Morrison Home during the 3rd quarter worth approximately $29,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Taylor Morrison Home during the 2nd quarter worth approximately $31,000. UMB Bank n.a. grew its position 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 purchasing an additional 388 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in Taylor Morrison Home during the 1st quarter worth approximately $82,000. Finally, Meeder Asset Management Inc. purchased a new position in Taylor Morrison Home during the 1st quarter worth approximately $91,000. Institutional investors and hedge funds 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.