Taylor Morrison Home (NYSE:TMHC) had its price objective boosted by investment analysts at B. Riley from $28.00 to $29.00 in a research note issued to investors on Thursday. The brokerage currently has a “neutral” rating on the construction company’s stock. B. Riley’s price target indicates a potential upside of 21.24% from the company’s previous close. B. Riley also issued estimates for Taylor Morrison Home’s Q1 2018 earnings at $0.39 EPS, Q2 2018 earnings at $0.60 EPS, Q4 2018 earnings at $0.94 EPS, FY2018 earnings at $2.63 EPS and FY2019 earnings at $2.88 EPS.

A number of other brokerages have also recently weighed in on TMHC. Wedbush restated a “neutral” rating and issued a $27.00 price objective on shares of Taylor Morrison Home in a report on Friday, January 12th. Barclays set a $27.00 price objective on shares of Taylor Morrison Home and gave the company a “hold” rating in a report on Monday, January 8th. Susquehanna Bancshares upgraded shares of Taylor Morrison Home from a “neutral” rating to a “positive” rating in a report on Thursday, January 4th. UBS Group upgraded shares of Taylor Morrison Home from a “neutral” rating to a “positive” rating in a report on Thursday, January 4th. Finally, Zacks Investment Research downgraded shares of Taylor Morrison Home from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $28.22.

Shares of Taylor Morrison Home (NYSE TMHC) opened at $23.92 on Thursday. Taylor Morrison Home has a 12-month low of $18.41 and a 12-month high of $28.42. The firm has a market cap of $2,770.00, a PE ratio of 31.89, a price-to-earnings-growth ratio of 0.82 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 (NYSE:TMHC) last announced its quarterly earnings results on Wednesday, February 7th. The construction company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. The business had revenue of $1.30 billion during 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 for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the business earned $0.63 earnings per share. equities research analysts anticipate that Taylor Morrison Home will post 2.54 EPS for the current year.

Taylor Morrison Home declared that its Board of Directors has initiated a share repurchase program on Wednesday, January 3rd that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the construction company to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

In related news, insider Group Holdings (Sbs) Advis Tpg sold 1,499,732 shares of Taylor Morrison Home stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $27.14, for a total value of $40,702,726.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.40% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted 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 buying an additional 2,962,990 shares during the last quarter. BlackRock Inc. lifted 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 buying an additional 2,239,679 shares during the last quarter. Dimensional Fund Advisors LP lifted 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 buying an additional 1,089,798 shares during the last quarter. Greenhaven Associates Inc. lifted its position in shares of Taylor Morrison Home by 6.7% during the 4th quarter. Greenhaven Associates Inc. now owns 2,695,488 shares of the construction company’s stock worth $65,959,000 after buying an additional 169,244 shares during the last quarter. Finally, NWQ Investment Management Company LLC lifted its position in shares of Taylor Morrison Home by 2.4% during the 3rd quarter. NWQ Investment Management Company LLC now owns 2,229,932 shares of the construction company’s stock worth $49,170,000 after buying an additional 52,934 shares during the last quarter. Institutional investors and hedge funds 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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