Taylor Morrison Home Corporation (NYSE:TMHC) Receives Consensus Rating of “Hold” from Brokerages

Shares of Taylor Morrison Home Corporation (NYSE:TMHC) have been assigned an average rating of “Hold” from the eleven research firms that are currently covering the company, MarketBeat reports. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $77.4286.

A number of equities analysts have recently commented on the stock. Bank of America decreased their price target on shares of Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Seaport Research Partners reiterated a “sell” rating and issued a $49.00 target price (down from $85.00) on shares of Taylor Morrison Home in a research report on Tuesday, April 7th. Barclays reissued an “equal weight” rating and issued a $73.00 target price (up from $69.00) on shares of Taylor Morrison Home in a research note on Tuesday, July 14th. Truist Financial dropped their price target on Taylor Morrison Home from $80.00 to $72.50 and set a “buy” rating for the company in a research note on Monday, June 1st. Finally, Zacks Research upgraded Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 22nd.

Taylor Morrison Home Stock Performance

Shares of TMHC opened at $72.45 on Monday. Taylor Morrison Home has a 1-year low of $54.15 and a 1-year high of $72.50. The company has a market capitalization of $6.77 billion, a P/E ratio of 10.81, a P/E/G ratio of 1.70 and a beta of 1.44. The company has a debt-to-equity ratio of 0.37, a current ratio of 7.66 and a quick ratio of 1.45. The firm’s 50 day simple moving average is $70.59 and its 200 day simple moving average is $64.69.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TMHC. Tectonic Advisors LLC boosted its position in Taylor Morrison Home by 0.7% during the fourth quarter. Tectonic Advisors LLC now owns 29,765 shares of the construction company’s stock valued at $1,752,000 after buying an additional 207 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Taylor Morrison Home by 30.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 899 shares of the construction company’s stock valued at $55,000 after buying an additional 211 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in shares of Taylor Morrison Home by 3.3% in the fourth quarter. Verdence Capital Advisors LLC now owns 6,795 shares of the construction company’s stock worth $400,000 after buying an additional 220 shares during the period. Paulson Wealth Management Inc. increased its holdings in shares of Taylor Morrison Home by 5.2% in the fourth quarter. Paulson Wealth Management Inc. now owns 4,811 shares of the construction company’s stock worth $283,000 after buying an additional 238 shares during the period. Finally, Root Financial Partners LLC lifted its stake in shares of Taylor Morrison Home by 65.7% in the 1st quarter. Root Financial Partners LLC now owns 638 shares of the construction company’s stock valued at $37,000 after acquiring an additional 253 shares during the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

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.