Taylor Morrison Home Corporation (NYSE:TMHC) Given Average Recommendation of “Moderate Buy” by Brokerages

Taylor Morrison Home Corporation (NYSE:TMHC) has been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $77.4286.

Several equities research analysts have commented on TMHC shares. Weiss Ratings lowered shares of Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Seaport Research Partners restated a “sell” rating and set a $49.00 target price (down from $85.00) on shares of Taylor Morrison Home in a research report on Tuesday, April 7th. Wolfe Research restated an “outperform” rating and set a $76.00 target price on shares of Taylor Morrison Home in a research report on Thursday, April 23rd. Barclays boosted their target price on shares of Taylor Morrison Home from $68.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Finally, Bank of America decreased their target price on shares of Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th.

Taylor Morrison Home Stock Performance

NYSE:TMHC opened at $55.26 on Wednesday. The firm’s fifty day moving average price is $59.33 and its 200 day moving average price is $61.19. Taylor Morrison Home has a 1-year low of $54.15 and a 1-year high of $72.50. The company has a debt-to-equity ratio of 0.37, a current ratio of 7.66 and a quick ratio of 1.45. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of 8.25, a price-to-earnings-growth ratio of 1.29 and a beta of 1.51.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, April 22nd. The construction company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.82 by $0.30. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.33 billion. Taylor Morrison Home had a net margin of 8.77% and a return on equity of 11.48%. The business’s revenue was down 26.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.07 EPS. On average, sell-side analysts expect that Taylor Morrison Home will post 5.36 EPS for the current year.

Institutional Investors Weigh In On Taylor Morrison Home

Institutional investors have recently made changes to their positions in the stock. Strategic Investment Advisors MI acquired a new position in shares of Taylor Morrison Home during the 1st quarter worth $295,000. Amundi raised its stake in shares of Taylor Morrison Home by 214.4% during the 1st quarter. Amundi now owns 21,511 shares of the construction company’s stock worth $1,253,000 after buying an additional 14,668 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Taylor Morrison Home by 24.1% during the 1st quarter. California State Teachers Retirement System now owns 115,163 shares of the construction company’s stock worth $6,707,000 after buying an additional 22,348 shares during the last quarter. Readystate Asset Management LP acquired a new position in shares of Taylor Morrison Home during the 1st quarter worth $2,094,000. Finally, Empowered Funds LLC raised its stake in shares of Taylor Morrison Home by 38.9% during the 1st quarter. Empowered Funds LLC now owns 283,380 shares of the construction company’s stock worth $16,504,000 after buying an additional 79,407 shares during the last quarter. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company’s portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company’s heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.