Taylor Morrison Home Corporation (NYSE:TMHC) Given Average Rating of “Hold” by Brokerages

Shares of Taylor Morrison Home Corporation (NYSE:TMHC) have been given an average rating of “Hold” by the eleven brokerages that are covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $76.8571.

Several analysts recently issued reports on the company. Citizens Jmp downgraded Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a research note on Monday, June 1st. Raymond James Financial cut Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research report on Friday, June 26th. Weiss Ratings cut shares of Taylor Morrison Home from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Zacks Research raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 22nd. Finally, Bank of America decreased their target price on shares of Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th.

Taylor Morrison Home Stock Up 0.2%

Taylor Morrison Home stock opened at $71.91 on Thursday. The company’s 50-day moving average price is $65.91 and its two-hundred day moving average price is $63.21. The company has a quick ratio of 1.45, a current ratio of 7.66 and a debt-to-equity ratio of 0.37. The stock has a market cap of $6.72 billion, a P/E ratio of 10.73, a P/E/G ratio of 1.68 and a beta of 1.44. Taylor Morrison Home has a twelve month low of $54.15 and a twelve month high of $72.50.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, April 22nd. The construction company reported $1.12 EPS for the quarter, beating the consensus estimate of $0.82 by $0.30. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.33 billion. Taylor Morrison Home had a return on equity of 11.48% and a net margin of 8.77%.The firm’s revenue for the quarter was down 26.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.07 earnings per share. As a group, analysts expect that Taylor Morrison Home will post 5.26 EPS for the current year.

Hedge Funds Weigh In On Taylor Morrison Home

A number of hedge funds have recently added to or reduced their stakes in TMHC. AQR Capital Management LLC lifted its position in shares of Taylor Morrison Home by 67.6% during the 4th quarter. AQR Capital Management LLC now owns 3,710,885 shares of the construction company’s stock valued at $218,274,000 after acquiring an additional 1,497,329 shares during the period. Norges Bank bought a new position in shares of Taylor Morrison Home in the fourth quarter worth $84,994,000. Assenagon Asset Management S.A. raised its stake in 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 in the last quarter. M&T Bank Corp raised its stake in 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 valued at $62,294,000 after purchasing an additional 1,054,436 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in Taylor Morrison Home by 360.1% during the third quarter. Alliancebernstein L.P. now owns 1,284,221 shares of the construction company’s stock worth $84,771,000 after purchasing an additional 1,005,116 shares during the period. Institutional investors own 95.16% of the company’s stock.

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.