Taylor Morrison Home (NYSE:TMHC) Upgraded to Outperform by Wedbush

Wedbush upgraded shares of Taylor Morrison Home (NYSE:TMHC) from a neutral rating to an outperform rating in a report published on Friday morning, Marketbeat reports. The brokerage currently has $85.00 target price on the construction company’s stock, up from their prior target price of $65.00. Wedbush also issued estimates for Taylor Morrison Home’s FY2024 earnings at $8.47 EPS, Q1 2025 earnings at $1.85 EPS, Q2 2025 earnings at $2.22 EPS, Q3 2025 earnings at $2.48 EPS, Q4 2025 earnings at $2.95 EPS, FY2025 earnings at $9.47 EPS, Q1 2026 earnings at $1.94 EPS, Q2 2026 earnings at $2.49 EPS and Q3 2026 earnings at $2.83 EPS.

Several other research analysts have also recently weighed in on TMHC. Raymond James initiated coverage on shares of Taylor Morrison Home in a research report on Wednesday, July 24th. They issued an “outperform” rating and a $75.00 price objective on the stock. StockNews.com upgraded shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Thursday. Royal Bank of Canada increased their price target on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday. Barclays increased their price target on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, Zelman & Associates upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $75.83.

Taylor Morrison Home Stock Up 0.3 %

TMHC stock opened at $68.54 on Friday. The company has a current ratio of 6.01, a quick ratio of 0.67 and a debt-to-equity ratio of 0.39. The company’s 50 day moving average is $67.58 and its 200 day moving average is $61.64. The stock has a market cap of $7.25 billion, a price-to-earnings ratio of 9.81 and a beta of 1.96. Taylor Morrison Home has a 1-year low of $37.23 and a 1-year high of $71.95.

Taylor Morrison Home (NYSE:TMHC) last posted 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 company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Taylor Morrison Home had a net margin of 9.92% and a return on equity of 14.99%. Taylor Morrison Home’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.62 earnings per share. Sell-side analysts predict that Taylor Morrison Home will post 8.15 EPS for the current fiscal year.

Insider Transactions at Taylor Morrison Home

In other news, Director William H. Lyon sold 1,741 shares of the firm’s 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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in shares of Taylor Morrison Home in the third quarter worth approximately $29,000. UMB Bank n.a. lifted its stake 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 worth $38,000 after acquiring an additional 388 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Taylor Morrison Home in the second quarter worth $31,000. Fidelis Capital Partners LLC purchased a new stake in Taylor Morrison Home in the first quarter worth $82,000. Finally, Meeder Asset Management Inc. purchased a new stake in Taylor Morrison Home in the first quarter worth $91,000. 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.