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

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

Other research analysts have also recently issued reports about the company. BTIG Research raised Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 target price on the stock in a research report on Monday, August 19th. Royal Bank of Canada raised their price objective on shares of Taylor Morrison Home from $63.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Zelman & Associates raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. StockNews.com cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, Wedbush restated a “neutral” rating and issued a $65.00 price objective on shares of Taylor Morrison Home in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $75.83.

Taylor Morrison Home Stock Performance

Shares of TMHC stock traded up $1.20 during trading hours on Thursday, reaching $69.56. The company had a trading volume of 105,092 shares, compared to its average volume of 788,472. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.67 and a current ratio of 6.01. The business has a fifty day moving average price of $67.44 and a 200-day moving average price of $61.57. Taylor Morrison Home has a one year low of $37.23 and a one year high of $71.95. The firm has a market cap of $7.36 billion, a PE ratio of 9.78 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. Taylor Morrison Home had a return on equity of 14.99% and a net margin of 9.92%. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the prior year, the firm earned $1.62 EPS. The company’s revenue was up 26.6% compared to the same quarter last year. Sell-side analysts predict that Taylor Morrison Home will post 8.15 earnings per share for the current fiscal year.

Insider Transactions at Taylor Morrison Home

In related news, Director William H. Lyon sold 1,741 shares of Taylor Morrison Home stock in a transaction on Monday, July 29th. The shares were 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Taylor Morrison Home

A number of institutional investors and hedge funds have recently bought and sold shares of TMHC. AlphaMark Advisors LLC bought a new stake in Taylor Morrison Home during the 1st quarter valued at approximately $355,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Taylor Morrison Home by 4,586.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 663,385 shares of the construction company’s stock worth $41,243,000 after buying an additional 649,230 shares in the last quarter. State of Michigan Retirement System boosted its position in shares of Taylor Morrison Home by 2.3% during the first quarter. State of Michigan Retirement System now owns 26,395 shares of the construction company’s stock worth $1,641,000 after acquiring an additional 600 shares during the last quarter. Measured Wealth Private Client Group LLC grew its stake in Taylor Morrison Home by 4.1% during the first quarter. Measured Wealth Private Client Group LLC now owns 9,744 shares of the construction company’s stock valued at $606,000 after acquiring an additional 386 shares in the last quarter. Finally, Check Capital Management Inc. CA purchased a new position in Taylor Morrison Home during the first quarter valued at $211,000. 95.16% of the stock is owned by institutional investors.

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.