Brokerages Set Taylor Morrison Home Corporation (NYSE:TMHC) PT at $77.14

Shares of Taylor Morrison Home Corporation (NYSE:TMHCGet Free Report) have earned a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $77.1429.

Several analysts have commented on the stock. Wedbush reissued an “outperform” rating and set a $85.00 price target on shares of Taylor Morrison Home in a research report on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Taylor Morrison Home in a research note on Monday, December 29th. Royal Bank Of Canada restated an “outperform” rating and issued a $62.00 target price on shares of Taylor Morrison Home in a research note on Friday, January 9th. Citizens Jmp began coverage on shares of Taylor Morrison Home in a report on Wednesday, January 7th. They issued a “market outperform” rating and a $95.00 price target on the stock. Finally, Barclays restated an “overweight” rating and set a $71.00 price target on shares of Taylor Morrison Home in a research note on Monday, December 8th.

Check Out Our Latest Research Report on TMHC

Taylor Morrison Home Stock Down 1.0%

Shares of Taylor Morrison Home stock opened at $65.78 on Monday. The stock has a market cap of $6.43 billion, a price-to-earnings ratio of 7.93 and a beta of 1.59. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.02 and a quick ratio of 1.02. Taylor Morrison Home has a 1 year low of $51.90 and a 1 year high of $72.50. The firm’s 50-day moving average is $61.90 and its two-hundred day moving average is $63.30.

Taylor Morrison Home (NYSE:TMHCGet Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The construction company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.18. Taylor Morrison Home had a return on equity of 15.23% and a net margin of 10.16%.The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the prior year, the business posted $2.64 EPS. The firm’s quarterly revenue was down 10.9% on a year-over-year basis. As a group, research analysts expect that Taylor Morrison Home will post 8.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Taylor Morrison Home by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 299,888 shares of the construction company’s stock valued at $18,005,000 after buying an additional 16,379 shares during the last quarter. Vontobel Holding Ltd. acquired a new stake in Taylor Morrison Home during the second quarter valued at $410,000. IFP Advisors Inc purchased a new position in Taylor Morrison Home in the second quarter valued at $65,000. Blue Trust Inc. raised its position in shares of Taylor Morrison Home by 9.3% in the second quarter. Blue Trust Inc. now owns 3,555 shares of the construction company’s stock worth $218,000 after acquiring an additional 302 shares during the period. Finally, Inspire Investing LLC boosted its stake in shares of Taylor Morrison Home by 1.7% during the 2nd quarter. Inspire Investing LLC now owns 21,348 shares of the construction company’s stock worth $1,311,000 after acquiring an additional 367 shares in the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Key Stories Impacting Taylor Morrison Home

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About Taylor Morrison Home

(Get Free Report)

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.

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Analyst Recommendations for Taylor Morrison Home (NYSE:TMHC)

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