Taylor Morrison Home (NYSE:TMHC) Given New $75.00 Price Target at Barclays

Taylor Morrison Home (NYSE:TMHC) had its price target increased by Barclays from $72.00 to $75.00 in a research note published on Thursday, Benzinga reports. The brokerage currently has an equal weight rating on the construction company’s stock.

TMHC has been the topic of a number of other research reports. BTIG Research raised shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 price target on the stock in a report on Monday, August 19th. StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Wedbush reissued a “neutral” rating and set a $65.00 target price on shares of Taylor Morrison Home in a research note on Wednesday. Raymond James assumed coverage on Taylor Morrison Home in a research note on Wednesday, July 24th. They issued an “outperform” rating and a $75.00 price target for the company. 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 research report on Thursday, July 25th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Taylor Morrison Home has a consensus rating of “Moderate Buy” and an average price target of $75.83.

Taylor Morrison Home Trading Up 1.8 %

NYSE:TMHC traded up $1.20 during trading hours on Thursday, reaching $69.56. The company’s stock had a trading volume of 105,092 shares, compared to its average volume of 788,472. The firm has a 50-day simple moving average of $67.44 and a 200-day simple moving average of $61.57. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.67 and a current ratio of 6.01. Taylor Morrison Home has a 1 year low of $37.23 and a 1 year high of $71.95. The firm has a market capitalization of $7.36 billion, a price-to-earnings ratio of 9.78 and a beta of 1.96.

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

Insider Buying and Selling

In other Taylor Morrison Home news, Director William H. Lyon sold 1,741 shares of the firm’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 transaction of $118,440.23. Following the completion of the transaction, the director now owns 2,195,316 shares of the company’s stock, valued at approximately $149,347,347.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Taylor Morrison Home

A number of hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue increased its stake in Taylor Morrison Home by 4.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 12,108 shares of the construction company’s stock valued at $850,000 after purchasing an additional 505 shares in the last quarter. Highland Capital Management LLC grew its holdings in shares of Taylor Morrison Home by 11.3% during the third quarter. Highland Capital Management LLC now owns 4,250 shares of the construction company’s stock valued at $299,000 after buying an additional 431 shares during the last quarter. Ballentine Partners LLC bought a new stake in shares of Taylor Morrison Home during the third quarter valued at approximately $202,000. Tectonic Advisors LLC raised its holdings in Taylor Morrison Home by 3.3% in the 3rd quarter. Tectonic Advisors LLC now owns 23,575 shares of the construction company’s stock worth $1,656,000 after acquiring an additional 746 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Taylor Morrison Home by 271.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 896,032 shares of the construction company’s stock worth $62,955,000 after acquiring an additional 654,541 shares during the last quarter. Institutional investors own 95.16% of the company’s stock.

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.