Taylor Morrison Home (NYSE:TMHC)‘s stock had its “neutral” rating reaffirmed by equities researchers at Wedbush in a research report issued on Friday, January 12th. They currently have a $27.00 price objective on the construction company’s stock. Wedbush’s price target indicates a potential downside of 2.67% from the company’s previous close.
Several other equities analysts have also recently issued reports on TMHC. BidaskClub upgraded Taylor Morrison Home from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. ValuEngine cut Taylor Morrison Home from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd. B. Riley restated a “neutral” rating on shares of Taylor Morrison Home in a report on Thursday, November 2nd. Citigroup upgraded Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Tuesday, January 2nd. Finally, UBS Group upgraded Taylor Morrison Home from a “neutral” rating to a “positive” rating in a report on Thursday, January 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $27.57.
Taylor Morrison Home (TMHC) traded up $0.40 on Friday, reaching $27.74. The company had a trading volume of 1,724,600 shares, compared to its average volume of 3,379,377. Taylor Morrison Home has a 12-month low of $18.26 and a 12-month high of $28.42. The company has a current ratio of 6.85, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. The firm has a market cap of $3,200.00, a PE ratio of 44.74, a P/E/G ratio of 0.92 and a beta of 1.47.
Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, November 1st. The construction company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.41 by $0.04. Taylor Morrison Home had a return on equity of 4.18% and a net margin of 2.41%. The firm had revenue of $908.00 million for the quarter, compared to analysts’ expectations of $914.19 million. During the same period last year, the firm earned $0.49 EPS. The firm’s revenue was up 6.4% compared to the same quarter last year. equities analysts predict that Taylor Morrison Home will post 1.86 EPS for the current fiscal year.
Taylor Morrison Home announced that its board has initiated a share repurchase plan on Wednesday, January 3rd that permits the company to buyback $200.00 million in shares. This buyback authorization permits the construction company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.
In other Taylor Morrison Home news, insider C. David Cone sold 35,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $23.79, for a total value of $832,650.00. Following the completion of the sale, the insider now owns 42,511 shares of the company’s stock, valued at $1,011,336.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Group Holdings (Sbs) Advis Tpg sold 1,499,732 shares of the business’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $27.14, for a total value of $40,702,726.48. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Taylor Morrison Home by 72.8% in the second quarter. Vanguard Group Inc. now owns 7,031,797 shares of the construction company’s stock worth $168,834,000 after purchasing an additional 2,962,990 shares during the period. BlackRock Inc. increased its stake in Taylor Morrison Home by 51.5% during the second quarter. BlackRock Inc. now owns 6,585,230 shares of the construction company’s stock valued at $158,111,000 after acquiring an additional 2,239,679 shares during the period. FMR LLC increased its stake in Taylor Morrison Home by 12.8% during the second quarter. FMR LLC now owns 6,566,150 shares of the construction company’s stock valued at $157,654,000 after acquiring an additional 744,914 shares during the period. Dimensional Fund Advisors LP increased its stake in Taylor Morrison Home by 31.1% during the third quarter. Dimensional Fund Advisors LP now owns 4,591,375 shares of the construction company’s stock valued at $101,239,000 after acquiring an additional 1,089,798 shares during the period. Finally, Greenhaven Associates Inc. increased its stake in Taylor Morrison Home by 6.7% during the fourth quarter. Greenhaven Associates Inc. now owns 2,695,488 shares of the construction company’s stock valued at $65,959,000 after acquiring an additional 169,244 shares during the period. 58.04% 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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