Barclays set a $28.00 price target on Taylor Morrison Home (NYSE:TMHC) in a report released on Thursday morning, MarketBeat Ratings reports. The brokerage currently has an equal weight rating on the construction company’s stock.

A number of other equities analysts have also recently issued reports on the stock. Wedbush reissued a neutral rating and set a $27.00 price objective on shares of Taylor Morrison Home in a research report on Friday, January 12th. ValuEngine cut shares of Taylor Morrison Home from a strong-buy rating to a buy rating in a research report on Thursday, November 2nd. Citigroup raised shares of Taylor Morrison Home from a neutral rating to a buy rating and set a $30.00 price objective on the stock in a research report on Tuesday, January 2nd. BidaskClub lowered shares of Taylor Morrison Home from a buy rating to a hold rating in a report on Saturday, November 4th. Finally, B. Riley restated a neutral rating on shares of Taylor Morrison Home in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $28.22.

Taylor Morrison Home (TMHC) opened at $23.92 on Thursday. The stock has a market cap of $2,859.80, a PE ratio of 16.27, a PEG ratio of 0.78 and a beta of 1.44. The company has a current ratio of 6.85, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. Taylor Morrison Home has a 1 year low of $18.41 and a 1 year high of $28.42.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, February 7th. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.07. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Taylor Morrison Home had a net margin of 2.36% and a return on equity of 5.82%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.63 EPS. research analysts forecast that Taylor Morrison Home will post 2.6 earnings per share for the current fiscal year.

Taylor Morrison Home announced that its board has authorized a share buyback program on Wednesday, January 3rd that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the construction company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

In related news, insider Group Holdings (Sbs) Advis Tpg sold 1,499,732 shares of the company’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $27.14, for a total value of $40,702,726.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.40% of the company’s stock.

Large investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. increased its stake in Taylor Morrison Home by 62.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,369 shares of the construction company’s stock valued at $129,000 after buying an additional 2,060 shares during the last quarter. Nordea Investment Management AB purchased a new stake in Taylor Morrison Home in the 2nd quarter valued at about $192,000. Dean Capital Investments Management LLC purchased a new stake in Taylor Morrison Home in the 4th quarter valued at about $218,000. Victory Capital Management Inc. increased its stake in Taylor Morrison Home by 37.3% in the 3rd quarter. Victory Capital Management Inc. now owns 10,197 shares of the construction company’s stock valued at $225,000 after buying an additional 2,768 shares during the last quarter. Finally, Optimum Investment Advisors purchased a new stake in Taylor Morrison Home in the 3rd quarter valued at about $225,000. Hedge funds and other institutional investors own 57.67% of the company’s stock.

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About Taylor Morrison Home

Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).

Analyst Recommendations for Taylor Morrison Home (NYSE:TMHC)

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