Shares of Taylor Morrison Home Corporation (NYSE:TMHC) have received a consensus recommendation of “Buy” from the thirteen ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $28.38.
A number of analysts have recently weighed in on the company. Wedbush reiterated a “neutral” rating and set a $27.00 target price on shares of Taylor Morrison Home in a research report on Friday, January 12th. Barclays set a $27.00 target price on Taylor Morrison Home and gave the stock a “hold” rating in a research report on Monday, January 8th. Susquehanna Bancshares raised Taylor Morrison Home from a “neutral” rating to a “positive” rating in a research report on Thursday, January 4th. UBS Group raised Taylor Morrison Home from a “neutral” rating to a “positive” rating in a research report on Thursday, January 4th. Finally, Zacks Investment Research lowered Taylor Morrison Home from a “hold” rating to a “sell” rating in a report on Friday, January 5th.
Taylor Morrison Home (NYSE:TMHC) traded down $0.32 during trading hours on Friday, hitting $23.99. The stock had a trading volume of 261,409 shares, compared to its average volume of 2,514,175. The company has a market cap of $2,906.43, a P/E ratio of 16.26, a price-to-earnings-growth ratio of 0.78 and a beta of 1.44. The company has a current ratio of 6.85, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. Taylor Morrison Home has a 1 year low of $18.99 and a 1 year high of $28.42.
Taylor Morrison Home declared that its board has approved a share buyback program on Wednesday, January 3rd that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the construction company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
In other news, insider Group Holdings (Sbs) Advis Tpg sold 1,499,732 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $27.14, for a total value of $40,702,726.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.40% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. boosted its stake in Taylor Morrison Home by 62.3% during the second quarter. Ameritas Investment Partners Inc. now owns 5,369 shares of the construction company’s stock valued at $129,000 after buying an additional 2,060 shares during the period. Victory Capital Management Inc. increased its position in shares of Taylor Morrison Home by 37.3% in the 3rd quarter. Victory Capital Management Inc. now owns 10,197 shares of the construction company’s stock valued at $225,000 after purchasing an additional 2,768 shares during the last quarter. Smith Asset Management Group LP grew its position in shares of Taylor Morrison Home by 18.1% in the 3rd quarter. Smith Asset Management Group LP now owns 20,286 shares of the construction company’s stock valued at $447,000 after buying an additional 3,103 shares during the last quarter. Fox Run Management L.L.C. grew its position in shares of Taylor Morrison Home by 9.6% in the 3rd quarter. Fox Run Management L.L.C. now owns 37,600 shares of the construction company’s stock valued at $829,000 after buying an additional 3,300 shares during the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in shares of Taylor Morrison Home by 34.7% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 16,300 shares of the construction company’s stock valued at $391,000 after buying an additional 4,200 shares during the last quarter. 64.57% of the stock is owned by institutional investors.
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Taylor Morrison Home Company Profile
Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).
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