Taylor Morrison Home (NYSE:TMHC) Stock Rating Upgraded by BTIG Research

BTIG Research upgraded shares of Taylor Morrison Home (NYSE:TMHC) from a neutral rating to a buy rating in a research report sent to investors on Monday morning, Marketbeat Ratings reports. They currently have $78.00 price target on the construction company’s stock.

Several other equities research analysts have also recently commented on the stock. StockNews.com cut shares of Taylor Morrison Home from a buy rating to a hold rating in a research report on Friday, August 2nd. Raymond James began coverage on shares of Taylor Morrison Home in a report on Wednesday, July 24th. They set an outperform rating and a $75.00 price objective for the company. Barclays boosted their price objective on shares of Taylor Morrison Home from $62.00 to $72.00 and gave the company an equal weight rating in a report on Thursday, July 25th. Zelman & Associates upgraded shares of Taylor Morrison Home from a neutral rating to an outperform rating in a report on Monday, August 12th. Finally, Royal Bank of Canada boosted their price objective on shares of Taylor Morrison Home from $63.00 to $74.00 and gave the company an outperform rating in a report on Thursday, July 25th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Taylor Morrison Home currently has an average rating of Moderate Buy and a consensus price target of $70.17.

Taylor Morrison Home Stock Up 0.6 %

Shares of NYSE:TMHC opened at $65.27 on Monday. Taylor Morrison Home has a one year low of $37.23 and a one year high of $69.62. The company has a 50 day moving average of $60.13 and a 200-day moving average of $58.24. The company has a debt-to-equity ratio of 0.39, a current ratio of 6.01 and a quick ratio of 0.67. The stock has a market cap of $6.80 billion, a price-to-earnings ratio of 9.34 and a beta of 1.95.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, July 24th. The construction company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.91 by $0.06. Taylor Morrison Home had a net margin of 9.92% and a return on equity of 14.99%. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.87 billion. On average, sell-side analysts forecast that Taylor Morrison Home will post 7.9 earnings per share for the current year.

Insider Activity

In other news, Director William H. Lyon sold 1,741 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $68.03, for a total value of $118,440.23. Following the completion of the transaction, the director now owns 2,195,316 shares in the company, valued at $149,347,347.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director William H. Lyon sold 1,741 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $68.03, for a total value of $118,440.23. Following the completion of the transaction, the director now owns 2,195,316 shares in the company, valued at $149,347,347.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William H. Lyon sold 28,259 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $68.25, for a total transaction of $1,928,676.75. Following the completion of the sale, the director now directly owns 2,197,057 shares in the company, valued at approximately $149,949,140.25. The disclosure for this sale can be found here. Insiders sold 90,000 shares of company stock worth $5,966,317 over the last quarter. 3.50% of the stock is currently owned by company insiders.

Institutional Trading of Taylor Morrison Home

A number of institutional investors have recently made changes to their positions in TMHC. Norges Bank bought a new stake in shares of Taylor Morrison Home in the fourth quarter worth $63,137,000. Wedge Capital Management L L P NC raised its position in Taylor Morrison Home by 1,910.4% during the second quarter. Wedge Capital Management L L P NC now owns 727,919 shares of the construction company’s stock worth $40,356,000 after acquiring an additional 691,711 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Taylor Morrison Home by 4,586.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 663,385 shares of the construction company’s stock valued at $41,243,000 after acquiring an additional 649,230 shares during the last quarter. Assetmark Inc. lifted its stake in Taylor Morrison Home by 99.3% in the fourth quarter. Assetmark Inc. now owns 786,812 shares of the construction company’s stock valued at $41,976,000 after acquiring an additional 391,964 shares during the last quarter. Finally, Lord Abbett & CO. LLC lifted its stake in Taylor Morrison Home by 203.0% in the first quarter. Lord Abbett & CO. LLC now owns 440,717 shares of the construction company’s stock valued at $27,400,000 after acquiring an additional 295,256 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

About Taylor Morrison Home

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.