Taylor Morrison Home Corporation (NYSE:TMHC) Given Consensus 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 currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $78.2857.

Several analysts recently commented on the company. Truist Financial assumed coverage on Taylor Morrison Home in a report on Tuesday, March 3rd. They set a “buy” rating and a $85.00 target price on the stock. Citigroup began coverage on Taylor Morrison Home in a research report on Wednesday, January 7th. They issued an “outperform” rating on the stock. Royal Bank Of Canada raised their price objective on shares of Taylor Morrison Home from $62.00 to $68.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Weiss Ratings lowered shares of Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 20th. Finally, Barclays decreased their target price on shares of Taylor Morrison Home from $71.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th.

Taylor Morrison Home Trading Down 1.2%

NYSE TMHC opened at $58.88 on Friday. Taylor Morrison Home has a 1 year low of $51.90 and a 1 year high of $72.50. The company has a debt-to-equity ratio of 0.36, a current ratio of 7.31 and a quick ratio of 1.55. The company has a market capitalization of $5.67 billion, a PE ratio of 7.59, a P/E/G ratio of 8.18 and a beta of 1.58. The company has a fifty day moving average of $63.65 and a 200 day moving average of $63.28.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. AlphaQuest LLC increased its position in shares of Taylor Morrison Home by 97.3% in the third quarter. AlphaQuest LLC now owns 38,734 shares of the construction company’s stock valued at $2,557,000 after buying an additional 19,098 shares in the last quarter. Arkadios Wealth Advisors purchased a new position in shares of Taylor Morrison Home during the 2nd quarter valued at approximately $359,000. Nordea Investment Management AB lifted its position in shares of Taylor Morrison Home by 10.0% during the 3rd quarter. Nordea Investment Management AB now owns 193,249 shares of the construction company’s stock valued at $12,689,000 after buying an additional 17,595 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Taylor Morrison Home in the 3rd quarter valued at $2,088,000. Finally, Pacer Advisors Inc. acquired a new stake in Taylor Morrison Home in the 3rd quarter valued at $1,357,000. Institutional investors and hedge funds own 95.16% of the company’s stock.

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.