Taylor Morrison Home (NYSE:TMHC) Stock Rating Upgraded by Wolfe Research

Wolfe Research upgraded shares of Taylor Morrison Home (NYSE:TMHC) from a peer perform rating to an outperform rating in a report released on Wednesday, Marketbeat reports. The brokerage currently has $76.00 price target on the construction company’s stock.

A number of other equities analysts have also commented on the company. Wedbush raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $65.00 to $85.00 in a research note on Friday, October 25th. StockNews.com upgraded Taylor Morrison Home from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. Barclays upgraded Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $75.00 to $90.00 in a report on Wednesday, December 11th. Raymond James reissued an “outperform” rating and issued a $84.00 price objective (up previously from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada upped their price target on Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Taylor Morrison Home presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.00.

Taylor Morrison Home Stock Up 1.5 %

TMHC stock opened at $60.91 on Wednesday. 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 market capitalization of $6.30 billion, a price-to-earnings ratio of 8.06 and a beta of 2.01. The business’s fifty day moving average price is $67.18 and its two-hundred day moving average price is $65.50. Taylor Morrison Home has a fifty-two week low of $50.68 and a fifty-two week high of $75.49.

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

Insiders Place Their Bets

In related news, Director William H. Lyon sold 24,284 shares of Taylor Morrison Home stock in a transaction dated 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 completion of the transaction, the director now owns 2,045,316 shares in the company, valued at $152,294,229.36. The trade was a 1.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Darrell Sherman sold 26,757 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $70.00, for a total value of $1,872,990.00. Following the transaction, the executive vice president now owns 109,217 shares in the company, 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 128,549 shares of company stock worth $9,159,829 over the last 90 days. Company insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Taylor Morrison Home

Several large investors have recently bought and sold shares of TMHC. V Square Quantitative Management LLC purchased a new position in Taylor Morrison Home in the third quarter valued at about $29,000. Harbor Capital Advisors Inc. purchased a new position in Taylor Morrison Home in the third quarter valued at about $34,000. UMB Bank n.a. increased its holdings in Taylor Morrison Home by 263.9% in the third quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock valued at $38,000 after buying an additional 388 shares in the last quarter. Peterson Financial Group Inc. purchased a new position in Taylor Morrison Home in the third quarter valued at about $62,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Taylor Morrison Home during the 2nd quarter worth approximately $100,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

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.