Brokerages Set Taylor Morrison Home Corporation (TMHC) PT at $28.38

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 (NYSE:TMHC) last released its earnings results on Wednesday, February 7th. The construction company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. Taylor Morrison Home had a return on equity of 5.82% and a net margin of 2.36%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.63 EPS. analysts expect that Taylor Morrison Home will post 2.6 EPS for the current fiscal year.

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).

Analyst Recommendations for Taylor Morrison Home (NYSE:TMHC)

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