Taylor Morrison Home (NYSE:TMHC) has been assigned a $28.00 price target by Barclays in a research report issued to clients and investors on Thursday, MarketBeat reports. The firm presently has an “equal weight” rating on the construction company’s stock. Barclays’ target price would indicate a potential upside of 13.13% from the company’s previous close.

A number of other brokerages also recently issued reports on TMHC. BidaskClub downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. ValuEngine downgraded shares of Taylor Morrison Home from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd. Wells Fargo & Co upgraded shares of Taylor Morrison Home from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a report on Friday, January 5th. JMP Securities upgraded shares of Taylor Morrison Home from a “market perform” rating to an “outperform” rating and set a $31.00 price target for the company in a report on Thursday. Finally, UBS Group upgraded shares of Taylor Morrison Home from a “neutral” rating to a “positive” rating in a report on Thursday, January 4th. One 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 stock currently has a consensus rating of “Buy” and an average price target of $28.22.

Taylor Morrison Home (NYSE TMHC) traded down $0.35 during mid-day trading on Thursday, reaching $24.75. 1,203,047 shares of the company’s stock were exchanged, compared to its average volume of 2,648,283. The firm has a market cap of $2,917.19, a P/E ratio of 13.39, a price-to-earnings-growth ratio of 0.80 and a beta of 1.44. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 6.85. Taylor Morrison Home has a 12 month low of $18.41 and a 12 month 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 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.07. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. Taylor Morrison Home had a net margin of 2.41% and a return on equity of 4.18%. Taylor Morrison Home’s quarterly 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. analysts anticipate that Taylor Morrison Home will post 1.86 earnings per share for the current year.

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

In related news, insider Group Holdings (Sbs) Advis Tpg sold 1,499,732 shares of the stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $27.14, for a total transaction of $40,702,726.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.40% of the company’s stock.

Several large investors have recently bought and sold shares of TMHC. Vanguard Group Inc. boosted its position in shares of Taylor Morrison Home by 72.8% during the 2nd quarter. Vanguard Group Inc. now owns 7,031,797 shares of the construction company’s stock worth $168,834,000 after purchasing an additional 2,962,990 shares during the period. BlackRock Inc. boosted its position in shares of Taylor Morrison Home by 51.5% during the 2nd quarter. BlackRock Inc. now owns 6,585,230 shares of the construction company’s stock worth $158,111,000 after purchasing an additional 2,239,679 shares during the period. Greenhaven Associates Inc. boosted its position in shares of Taylor Morrison Home by 94.9% during the 3rd quarter. Greenhaven Associates Inc. now owns 2,526,244 shares of the construction company’s stock worth $55,704,000 after purchasing an additional 1,229,844 shares during the period. Koch Industries Inc. boosted its position in shares of Taylor Morrison Home by 12,426.6% during the 2nd quarter. Koch Industries Inc. now owns 1,216,461 shares of the construction company’s stock worth $1,168,000 after purchasing an additional 1,206,750 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Taylor Morrison Home by 31.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,591,375 shares of the construction company’s stock worth $101,239,000 after purchasing an additional 1,089,798 shares during the period. 57.67% of the stock is owned by hedge funds and other institutional investors.

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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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