Taylor Morrison Home’s (TMHC) “Neutral” Rating Reiterated at Wedbush

Wedbush reiterated their neutral rating on shares of Taylor Morrison Home (NYSE:TMHC) in a report issued on Wednesday morning, Benzinga reports. Wedbush currently has a $65.00 price target on the construction company’s stock.

Several other equities research analysts also recently issued reports on TMHC. StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Royal Bank of Canada upped 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. BTIG Research upgraded shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 target price for the company in a research note on Monday, August 19th. Zelman & Associates upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research note on Monday, August 12th. Finally, Raymond James initiated coverage on Taylor Morrison Home in a report on Wednesday, July 24th. They set an “outperform” rating and a $75.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.83.

Taylor Morrison Home Stock Performance

NYSE:TMHC opened at $68.54 on Wednesday. The firm has a market capitalization of $7.25 billion, a PE ratio of 9.81 and a beta of 1.96. Taylor Morrison Home has a 1 year low of $37.23 and a 1 year 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 firm’s fifty day simple moving average is $67.58 and its 200 day simple moving average is $61.64.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the company posted $1.62 earnings per share. The firm’s revenue for the quarter was up 26.6% on a year-over-year basis. On average, sell-side analysts anticipate that Taylor Morrison Home will post 8.15 EPS for the current year.

Insider Buying and Selling

In other Taylor Morrison Home news, Director William H. Lyon sold 1,741 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $68.03, for a total value of $118,440.23. Following the sale, the director now directly owns 2,195,316 shares in the company, valued at $149,347,347.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Taylor Morrison Home

Several institutional investors and hedge funds have recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in Taylor Morrison Home in the third quarter valued at about $29,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Taylor Morrison Home in the 2nd quarter worth approximately $31,000. UMB Bank n.a. boosted its holdings in shares of Taylor Morrison Home by 263.9% in the 3rd quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock worth $38,000 after acquiring an additional 388 shares in the last quarter. Fidelis Capital Partners LLC bought a new stake in Taylor Morrison Home during the 1st quarter worth approximately $82,000. Finally, Meeder Asset Management Inc. acquired a new stake in Taylor Morrison Home during the 1st quarter valued at $91,000. Institutional investors and hedge funds 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.