Wedbush Reaffirms Neutral Rating for Taylor Morrison Home (NYSE:TMHC)

Wedbush reaffirmed their neutral rating on shares of Taylor Morrison Home (NYSE:TMHC) in a research report released on Wednesday, Benzinga reports. They currently have a $65.00 target price on the construction company’s stock.

A number of other equities analysts have also recently issued reports on TMHC. Raymond James assumed coverage on shares of Taylor Morrison Home in a research note on Wednesday, July 24th. They issued an “outperform” rating and a $75.00 price objective on the stock. StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Barclays upped their price objective on Taylor Morrison Home from $62.00 to $72.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. BTIG Research upgraded Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 target price on the stock in a report on Monday, August 19th. Finally, Royal Bank of Canada increased their price target on shares of Taylor Morrison Home from $63.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $75.83.

Taylor Morrison Home Stock Up 0.3 %

NYSE TMHC opened at $68.54 on Wednesday. The stock has a market capitalization of $7.25 billion, a P/E ratio of 9.81 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 company has a debt-to-equity ratio of 0.39, a quick ratio of 0.67 and a current ratio of 6.01. The stock has a fifty day moving average of $67.58 and a 200-day moving average of $61.64.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.31. The firm had revenue of $2.12 billion during 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 company’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.62 EPS. On average, equities research analysts forecast that Taylor Morrison Home will post 8.15 EPS for the current year.

Insider Buying and Selling

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 of the company’s stock, valued at approximately $149,347,347.48. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.50% of the stock is owned by company insiders.

Institutional Trading of Taylor Morrison Home

A number of institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp raised its position in Taylor Morrison Home by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,066,470 shares of the construction company’s stock valued at $59,125,000 after buying an additional 4,638 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings 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 purchasing an additional 654,541 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Taylor Morrison Home by 7.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 846,270 shares of the construction company’s stock worth $59,459,000 after purchasing an additional 60,021 shares in the last quarter. Wedge Capital Management L L P NC boosted its holdings in Taylor Morrison Home by 1.5% during the third quarter. Wedge Capital Management L L P NC now owns 738,830 shares of the construction company’s stock worth $51,910,000 after purchasing an additional 10,911 shares during the last quarter. Finally, Hodges Capital Management Inc. grew its position in Taylor Morrison Home by 26.4% in the second quarter. Hodges Capital Management Inc. now owns 447,918 shares of the construction company’s stock valued at $24,833,000 after purchasing an additional 93,567 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors.

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.