Taylor Morrison Home Corp (NYSE:TMHC) has been given an average recommendation of “Buy” by the eleven analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $24.57.
A number of research firms have recently issued reports on TMHC. ValuEngine cut Taylor Morrison Home from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 6th. G.Research reaffirmed a “hold” rating on shares of Taylor Morrison Home in a research note on Thursday, November 7th. Wedbush reiterated an “outperform” rating on shares of Taylor Morrison Home in a research report on Thursday, September 19th. Finally, B. Riley set a $29.00 price objective on shares of Taylor Morrison Home and gave the stock a “buy” rating in a report on Tuesday, October 15th.
In other Taylor Morrison Home news, EVP Darrell Sherman sold 131,002 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $25.00, for a total transaction of $3,275,050.00. Following the completion of the sale, the executive vice president now owns 97,725 shares of the company’s stock, valued at approximately $2,443,125. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Joseph Terracciano sold 12,635 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $24.27, for a total transaction of $306,651.45. Following the completion of the sale, the chief accounting officer now directly owns 11,035 shares in the company, valued at approximately $267,819.45. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.
Several large investors have recently modified their holdings of the company. First Trust Advisors LP boosted its holdings in Taylor Morrison Home by 7.6% in the first quarter. First Trust Advisors LP now owns 128,314 shares of the construction company’s stock valued at $2,278,000 after acquiring an additional 9,112 shares in the last quarter. SG Capital Management LLC bought a new stake in shares of Taylor Morrison Home during the 2nd quarter valued at about $3,785,000. First Quadrant L P CA boosted its stake in shares of Taylor Morrison Home by 8.2% during the 2nd quarter. First Quadrant L P CA now owns 39,557 shares of the construction company’s stock valued at $829,000 after purchasing an additional 2,992 shares in the last quarter. Strs Ohio purchased a new position in shares of Taylor Morrison Home during the second quarter valued at about $50,000. Finally, Bailard Inc. purchased a new position in shares of Taylor Morrison Home during the second quarter valued at about $394,000. 99.04% of the stock is owned by hedge funds and other institutional investors.
NYSE TMHC traded up $0.16 during trading on Friday, reaching $23.08. The company’s stock had a trading volume of 50,049 shares, compared to its average volume of 2,023,884. The firm has a fifty day moving average of $24.46 and a 200 day moving average of $22.98. Taylor Morrison Home has a one year low of $15.03 and a one year high of $28.00. The stock has a market capitalization of $2.45 billion, a PE ratio of 8.71, a P/E/G ratio of 1.53 and a beta of 0.80. The company has a debt-to-equity ratio of 0.87, a current ratio of 7.32 and a quick ratio of 0.61.
Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, October 30th. The construction company reported $0.65 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.65. Taylor Morrison Home had a return on equity of 12.50% and a net margin of 4.40%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the previous year, the firm earned $0.83 earnings per share. Taylor Morrison Home’s revenue was up 6.6% on a year-over-year basis. Research analysts expect that Taylor Morrison Home will post 2.82 earnings per share for the current fiscal year.
Taylor Morrison Home Company Profile
Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family and multi-family attached and detached homes; and develops lifestyle and master-planned communities. It operates under the Taylor Morrison and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.
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