Brokerages Set Taylor Morrison Home Corp (TMHC) Price Target at $28.50

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.

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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).

Analyst Recommendations for Taylor Morrison Home (NYSE:TMHC)

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