BTIG Research Increases Taylor Morrison Home (NYSE:TMHC) Price Target to $86.00

Taylor Morrison Home (NYSE:TMHC) had its target price hoisted by equities research analysts at BTIG Research from $78.00 to $86.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. BTIG Research’s price objective would suggest a potential upside of 26.58% from the company’s current price.

Several other analysts have also recently weighed in on the stock. Barclays boosted their price objective on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday. Raymond James assumed coverage on shares of Taylor Morrison Home in a research report on Wednesday, July 24th. They set an “outperform” rating and a $75.00 price target 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. Royal Bank of Canada upped their price target on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Wedbush reiterated a “neutral” rating and set a $65.00 price objective on shares of Taylor Morrison Home in a report on Wednesday. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.50.

Taylor Morrison Home Trading Up 1.1 %

Shares of NYSE:TMHC traded up $0.74 during midday trading on Thursday, hitting $67.94. The company had a trading volume of 710,131 shares, compared to its average volume of 788,823. Taylor Morrison Home has a 12 month low of $37.23 and a 12 month high of $71.95. The company has a current ratio of 6.01, a quick ratio of 0.67 and a debt-to-equity ratio of 0.39. The stock has a market cap of $7.08 billion, a price-to-earnings ratio of 10.09 and a beta of 1.96. The firm has a fifty day simple moving average of $67.31 and a 200 day simple moving average of $61.53.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.31. Taylor Morrison Home had a return on equity of 14.99% and a net margin of 9.92%. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the business posted $1.62 EPS. The company’s revenue for the quarter was up 26.6% on a year-over-year basis. On average, analysts predict that Taylor Morrison Home will post 8.15 EPS for the current year.

Insider Buying and Selling at Taylor Morrison Home

In other news, Director William H. Lyon sold 28,259 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $68.25, for a total transaction of $1,928,676.75. Following the sale, the director now owns 2,197,057 shares in the company, valued at approximately $149,949,140.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director William H. Lyon sold 1,741 shares of Taylor Morrison Home stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $68.03, for a total transaction of $118,440.23. Following the sale, the director now owns 2,195,316 shares of the company’s stock, valued at approximately $149,347,347.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William H. Lyon sold 28,259 shares of Taylor Morrison Home stock in a transaction dated 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 transaction, the director now directly owns 2,197,057 shares of the company’s stock, valued at $149,949,140.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,072 shares of company stock valued at $2,052,157 in the last three months. Company insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC lifted its position in shares of 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 in the last quarter. Janus Henderson Group PLC raised its position in Taylor Morrison Home by 22.3% during the first quarter. Janus Henderson Group PLC now owns 76,608 shares of the construction company’s stock valued at $4,761,000 after purchasing an additional 13,987 shares during the period. Sei Investments Co. raised its position in Taylor Morrison Home by 36.7% during the first quarter. Sei Investments Co. now owns 366,987 shares of the construction company’s stock valued at $22,816,000 after purchasing an additional 98,539 shares during the period. BNP Paribas Financial Markets raised its position in Taylor Morrison Home by 127.6% during the first quarter. BNP Paribas Financial Markets now owns 203,435 shares of the construction company’s stock valued at $12,648,000 after purchasing an additional 114,034 shares during the period. Finally, SG Americas Securities LLC raised its position in Taylor Morrison Home by 173.0% during the first quarter. SG Americas Securities LLC now owns 18,828 shares of the construction company’s stock valued at $1,171,000 after purchasing an additional 11,931 shares during the period. 95.16% of the stock is owned by hedge funds and other institutional investors.

Taylor Morrison Home Company Profile

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.