Barclays Raises Taylor Morrison Home (NYSE:TMHC) Price Target to $75.00

Taylor Morrison Home (NYSE:TMHC) had its target price hoisted by Barclays from $72.00 to $75.00 in a research note issued to investors on Thursday, Benzinga reports. Barclays currently has an equal weight rating on the construction company’s stock.

Several other analysts have also commented on TMHC. StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Wedbush reissued a “neutral” rating and issued a $65.00 price objective on shares of Taylor Morrison Home in a report on Wednesday. BTIG Research raised Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 price objective on the stock in a report on Monday, August 19th. Royal Bank of Canada raised their price objective on Taylor Morrison Home from $63.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, Raymond James assumed coverage on Taylor Morrison Home in a report on Wednesday, July 24th. They issued an “outperform” rating and a $75.00 price objective on the stock. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.83.

Taylor Morrison Home Stock Up 0.2 %

Taylor Morrison Home stock opened at $68.52 on Thursday. The firm has a market cap of $7.25 billion, a price-to-earnings ratio of 9.80 and a beta of 1.96. Taylor Morrison Home has a 52 week low of $37.23 and a 52 week high of $71.95. The business’s 50-day moving average price is $67.58 and its 200 day moving average price is $61.66. The company has a quick ratio of 0.67, a current ratio of 6.01 and a debt-to-equity ratio of 0.39.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.06 by $0.31. The firm 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 14.99% and a net margin of 9.92%. Taylor Morrison Home’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same period last year, the company earned $1.62 earnings per share. As a group, sell-side analysts anticipate that Taylor Morrison Home will post 8.15 earnings per share for the current year.

Insider Buying and Selling

In related news, Director William H. Lyon sold 1,741 shares of Taylor Morrison Home stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $68.03, for a total transaction 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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Taylor Morrison Home

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue raised its position in Taylor Morrison Home by 4.4% in the third quarter. State of Alaska Department of Revenue now owns 12,108 shares of the construction company’s stock valued at $850,000 after purchasing an additional 505 shares during the period. Highland Capital Management LLC raised its position in Taylor Morrison Home by 11.3% in the third quarter. Highland Capital Management LLC now owns 4,250 shares of the construction company’s stock valued at $299,000 after purchasing an additional 431 shares during the period. Ballentine Partners LLC purchased a new stake in Taylor Morrison Home in the third quarter valued at $202,000. Tectonic Advisors LLC grew its stake in shares of Taylor Morrison Home by 3.3% in the third quarter. Tectonic Advisors LLC now owns 23,575 shares of the construction company’s stock valued at $1,656,000 after buying an additional 746 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Taylor Morrison Home by 271.0% in the third quarter. Assenagon Asset Management S.A. now owns 896,032 shares of the construction company’s stock valued at $62,955,000 after buying an additional 654,541 shares in the last quarter. 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.