Shares of Taylor Morrison Home Corp (NYSE:TMHC) have been assigned an average rating of “Buy” from the thirteen research firms that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $28.50.
TMHC has been the subject of several recent analyst reports. Deutsche Bank raised their price objective on shares of Taylor Morrison Home from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Citigroup raised shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Tuesday, January 2nd. Barclays set a $28.00 price objective on shares of Taylor Morrison Home and gave the stock an “equal weight” rating in a report on Thursday, February 8th. Zacks Investment Research lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Finally, B. Riley lifted their price target on shares of Taylor Morrison Home from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, February 8th.
Shares of Taylor Morrison Home (NYSE:TMHC) traded up $0.56 during mid-day trading on Wednesday, reaching $24.11. 2,753,265 shares of the company’s stock traded hands, compared to its average volume of 1,164,796. The firm has a market cap of $2,640.31, a price-to-earnings ratio of 16.40, a P/E/G ratio of 0.75 and a beta of 1.49. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.55 and a current ratio of 7.73. Taylor Morrison Home has a 52 week low of $19.68 and a 52 week high of $28.42.
Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, February 7th. The construction company reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.07. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. Taylor Morrison Home had a net margin of 2.36% and a return on equity of 5.76%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the business earned $0.63 EPS. equities research analysts predict that Taylor Morrison Home will post 2.61 earnings per share for the current fiscal year.
Taylor Morrison Home declared that its board has approved a stock buyback plan on Wednesday, January 3rd that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the construction company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.
In other news, insider Joseph Terracciano sold 5,788 shares of Taylor Morrison Home stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $23.97, for a total value of $138,738.36. Following the completion of the transaction, the insider now directly owns 4,168 shares of the company’s stock, valued at approximately $99,906.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Group Holdings (Sbs) Advis Tpg sold 1,499,732 shares of Taylor Morrison Home stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $27.14, for a total transaction of $40,702,726.48. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dean Capital Investments Management LLC bought a new stake in Taylor Morrison Home in the 4th quarter valued at about $218,000. Victory Capital Management Inc. lifted its position in 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. Optimum Investment Advisors bought a new stake in Taylor Morrison Home in the 3rd quarter valued at about $225,000. Xact Kapitalforvaltning AB bought a new stake in Taylor Morrison Home in the 4th quarter valued at about $251,000. Finally, Kendall Capital Management bought a new stake in Taylor Morrison Home in the 4th quarter valued at about $255,000. 73.12% of the stock is owned by institutional investors and hedge funds.
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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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