Taylor Morrison Home (NYSE:TMHC) Given Neutral Rating at Bank of America

Bank of America restated their neutral rating on shares of Taylor Morrison Home (NYSE:TMHC) in a research note released on Friday morning, Marketbeat reports. The brokerage currently has a $70.00 target price on the construction company’s stock, up from their previous target price of $68.00.

Several other equities analysts also recently issued reports on the stock. Citizens Jmp began coverage on shares of Taylor Morrison Home in a report on Wednesday, January 7th. They set a “market outperform” rating and a $95.00 price target for the company. Zacks Research raised shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Taylor Morrison Home in a research note on Monday, December 29th. Barclays restated an “overweight” rating and set a $71.00 price target on shares of Taylor Morrison Home in a research report on Monday, December 8th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $62.00 price target on shares of Taylor Morrison Home in a report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.14.

Taylor Morrison Home Trading Down 1.4%

TMHC stock opened at $63.26 on Friday. Taylor Morrison Home has a 1-year low of $51.90 and a 1-year high of $72.50. The company has a current ratio of 7.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.35. The business’s 50 day moving average is $60.99 and its 200-day moving average is $63.32. The firm has a market cap of $6.18 billion, a P/E ratio of 7.62 and a beta of 1.59.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings results on Wednesday, October 22nd. The construction company reported $2.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.18. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Taylor Morrison Home had a return on equity of 15.23% and a net margin of 10.16%.The business’s revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.40 earnings per share. Equities analysts anticipate that Taylor Morrison Home will post 8.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TMHC. ORG Partners LLC acquired a new stake in shares of Taylor Morrison Home in the 3rd quarter valued at $26,000. Root Financial Partners LLC acquired a new stake in Taylor Morrison Home in the third quarter worth about $27,000. Atlantic Union Bankshares Corp acquired a new stake in Taylor Morrison Home in the second quarter worth about $28,000. Pinnacle Holdings LLC bought a new stake in Taylor Morrison Home during the 3rd quarter worth about $32,000. Finally, Huntington National Bank lifted its position in Taylor Morrison Home by 2,074.1% during the 3rd quarter. Huntington National Bank now owns 587 shares of the construction company’s stock valued at $39,000 after purchasing an additional 560 shares during the period. Institutional investors and hedge funds own 95.16% of the company’s stock.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company’s portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company’s heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.