Taylor Morrison Home Corporation (NYSE:TMHC) Given Average Rating of “Moderate Buy” by Analysts

Shares of Taylor Morrison Home Corporation (NYSE:TMHC) have been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $77.4286.

A number of equities analysts have weighed in on the stock. Truist Financial decreased their target price on shares of Taylor Morrison Home from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, April 16th. Royal Bank Of Canada raised their target price on shares of Taylor Morrison Home from $68.00 to $69.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Barclays raised 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 raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 22nd. Finally, Seaport Research Partners reaffirmed a “sell” rating and set a $49.00 target price (down from $85.00) on shares of Taylor Morrison Home in a research note on Tuesday, April 7th.

Taylor Morrison Home Price Performance

Shares of NYSE TMHC opened at $58.62 on Wednesday. Taylor Morrison Home has a fifty-two week low of $54.15 and a fifty-two week high of $72.50. The company has a 50 day simple moving average of $59.14 and a two-hundred day simple moving average of $61.15. The company has a market capitalization of $5.48 billion, a price-to-earnings ratio of 8.75, a P/E/G ratio of 1.34 and a beta of 1.51. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.45 and a current ratio of 7.66.

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

Institutional Investors Weigh In On Taylor Morrison Home

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of Taylor Morrison Home by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,401,801 shares of the construction company’s stock valued at $376,876,000 after acquiring an additional 57,326 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Taylor Morrison Home by 67.6% during the fourth 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 in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Taylor Morrison Home by 96.1% during 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 acquiring an additional 1,251,558 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of Taylor Morrison Home by 2.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,398,394 shares of the construction company’s stock valued at $141,194,000 after acquiring an additional 60,236 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of Taylor Morrison Home by 10.4% during the fourth quarter. Morgan Stanley now owns 1,973,433 shares of the construction company’s stock valued at $116,176,000 after acquiring an additional 185,381 shares in the last quarter. Institutional investors 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.