Taylor Morrison Home (NYSE:TMHC) Stock Rating Reaffirmed by Wedbush

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

Several other research firms have also weighed in on TMHC. StockNews.com lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Royal Bank of Canada increased their price objective on shares of Taylor Morrison Home from $63.00 to $74.00 and gave the stock an “outperform” rating in a research 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 for the company in a research note on Monday, August 19th. Zelman & Associates raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research note on Monday, August 12th. Finally, Raymond James started coverage on Taylor Morrison Home in a research note on Wednesday, July 24th. They issued an “outperform” rating and a $75.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $75.83.

Taylor Morrison Home Stock Performance

Shares of TMHC opened at $68.52 on Wednesday. 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 firm’s fifty day simple moving average is $67.58 and its two-hundred day simple moving average is $61.66. Taylor Morrison Home has a 12 month low of $37.23 and a 12 month high of $71.95. The stock has a market capitalization of $7.25 billion, a P/E ratio of 9.80 and a beta of 1.96.

Taylor Morrison Home (NYSE:TMHC) last released 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. Taylor Morrison Home had a return on equity of 14.99% and a net margin of 9.92%. The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter last year, the firm posted $1.62 earnings per share. The firm’s revenue was up 26.6% on a year-over-year basis. As a group, analysts predict that Taylor Morrison Home will post 8.15 EPS for the current year.

Insiders Place Their Bets

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 stock was 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 $149,347,347.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.50% of the company’s stock.

Institutional Trading of Taylor Morrison Home

Institutional investors and hedge funds have recently made changes to their positions in the company. Wedge Capital Management L L P NC increased its stake in Taylor Morrison Home by 1,910.4% in the 2nd quarter. Wedge Capital Management L L P NC now owns 727,919 shares of the construction company’s stock valued at $40,356,000 after buying an additional 691,711 shares during the last quarter. Assenagon Asset Management S.A. grew 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 acquiring an additional 654,541 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Taylor Morrison Home by 4,586.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 663,385 shares of the construction company’s stock valued at $41,243,000 after acquiring an additional 649,230 shares during the last quarter. Lord Abbett & CO. LLC lifted its holdings in Taylor Morrison Home by 203.0% during the first quarter. Lord Abbett & CO. LLC now owns 440,717 shares of the construction company’s stock worth $27,400,000 after acquiring an additional 295,256 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in Taylor Morrison Home by 127.6% in the first quarter. BNP Paribas Financial Markets now owns 203,435 shares of the construction company’s stock worth $12,648,000 after purchasing an additional 114,034 shares during 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.