Taylor Morrison Home Corporation (NYSE:TMHC) Receives Average Rating of “Hold” from Analysts

Shares of Taylor Morrison Home Corporation (NYSE:TMHC) have received a consensus rating of “Hold” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $76.8571.

TMHC has been the subject of several research analyst reports. Citizens Jmp cut shares of Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a research note on Monday, June 1st. Weiss Ratings cut shares of Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Wolfe Research cut shares of Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a research note on Wednesday. Barclays upped their target price on shares of Taylor Morrison Home from $68.00 to $69.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Finally, Citigroup cut shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research note on Monday, June 1st.

Hedge Funds Weigh In On Taylor Morrison Home

Several large investors have recently bought and sold shares of TMHC. Miller Capital Partners Inc. acquired a new position in Taylor Morrison Home during the 4th quarter valued at $27,000. Pinnacle Holdings LLC acquired a new position in Taylor Morrison Home during the 3rd quarter valued at $32,000. Brown Brothers Harriman & Co. acquired a new position in Taylor Morrison Home during the 4th quarter valued at $33,000. Root Financial Partners LLC raised its stake in Taylor Morrison Home by 65.7% during the 1st quarter. Root Financial Partners LLC now owns 638 shares of the construction company’s stock valued at $37,000 after purchasing an additional 253 shares during the last quarter. Finally, Huntington National Bank raised its stake in shares of Taylor Morrison Home by 2,074.1% in the 3rd quarter. Huntington National Bank now owns 587 shares of the construction company’s stock valued at $39,000 after buying an additional 560 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Taylor Morrison Home Price Performance

NYSE TMHC opened at $71.90 on Friday. The company has a current ratio of 7.66, a quick ratio of 1.45 and a debt-to-equity ratio of 0.37. The company has a fifty day simple moving average of $61.76 and a 200 day simple moving average of $62.00. The company has a market cap of $6.72 billion, a P/E ratio of 10.73, a P/E/G ratio of 1.66 and a beta of 1.47. Taylor Morrison Home has a 1 year low of $54.15 and a 1 year high of $72.50.

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

About Taylor Morrison Home

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.