Taylor Morrison Home Corporation (NYSE:TMHC) Given Consensus Recommendation of “Hold” by Analysts

Taylor Morrison Home Corporation (NYSE:TMHC) has been given an average rating of “Hold” by the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $76.8571.

A number of research firms recently commented on TMHC. Citigroup downgraded Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a report on Monday, June 1st. Barclays lifted 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. Zacks Research upgraded shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 22nd. Wolfe Research downgraded shares of Taylor Morrison Home from an “outperform” rating to a “peer perform” rating in a report on Wednesday, June 10th. Finally, Seaport Research Partners reaffirmed a “sell” rating and issued a $49.00 price objective (down from $85.00) on shares of Taylor Morrison Home in a research note on Tuesday, April 7th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC lifted its holdings in Taylor Morrison Home by 67.6% in the 4th quarter. AQR Capital Management LLC now owns 3,710,885 shares of the construction company’s stock worth $218,274,000 after purchasing an additional 1,497,329 shares during the last quarter. Norges Bank bought a new position in shares of Taylor Morrison Home in the fourth quarter valued at approximately $84,994,000. Assenagon Asset Management S.A. raised its position in shares of Taylor Morrison Home by 96.1% in the first quarter. Assenagon Asset Management S.A. now owns 2,554,498 shares of the construction company’s stock valued at $148,774,000 after purchasing an additional 1,251,558 shares during the period. M&T Bank Corp lifted its stake in shares of Taylor Morrison Home by 28,246.3% in the fourth quarter. M&T Bank Corp now owns 1,058,169 shares of the construction company’s stock worth $62,294,000 after buying an additional 1,054,436 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of Taylor Morrison Home by 360.1% in the third quarter. Alliancebernstein L.P. now owns 1,284,221 shares of the construction company’s stock worth $84,771,000 after buying an additional 1,005,116 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Price Performance

TMHC opened at $71.58 on Friday. The stock has a fifty day moving average price of $62.89 and a 200 day moving average price of $62.27. The company has a current ratio of 7.66, a quick ratio of 1.45 and a debt-to-equity ratio of 0.37. Taylor Morrison Home has a 1 year low of $54.15 and a 1 year high of $72.50. The stock has a market cap of $6.69 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 1.65 and a beta of 1.47.

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