Analysts Set Taylor Morrison Home Corporation (NYSE:TMHC) Price Target at $77.43

Taylor Morrison Home Corporation (NYSE:TMHC) has earned an average rating of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $77.1429.

Several research firms have recently commented on TMHC. Royal Bank Of Canada reiterated an “outperform” rating and issued a $62.00 price target on shares of Taylor Morrison Home in a research report on Friday, January 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Taylor Morrison Home in a report on Monday, December 29th. Citigroup started coverage on Taylor Morrison Home in a report on Wednesday, January 7th. They issued an “outperform” rating for the company. Barclays reaffirmed an “overweight” rating and set a $71.00 price objective on shares of Taylor Morrison Home in a research note on Monday, December 8th. Finally, Citizens Jmp initiated coverage on shares of Taylor Morrison Home in a research note on Wednesday, January 7th. They issued a “market outperform” rating and a $95.00 target price for the company.

Taylor Morrison Home Trading Down 1.4%

Shares of TMHC stock opened at $63.26 on Thursday. The stock has a market cap of $6.18 billion, a P/E ratio of 7.62 and a beta of 1.59. The company has a quick ratio of 1.02, a current ratio of 7.02 and a debt-to-equity ratio of 0.35. Taylor Morrison Home has a fifty-two week low of $51.90 and a fifty-two week high of $72.50. The business has a fifty day simple moving average of $60.99 and a 200-day simple moving average of $63.32.

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

Institutional Trading of Taylor Morrison Home

A number of hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC grew its stake in Taylor Morrison Home by 73.8% in the 3rd quarter. AQR Capital Management LLC now owns 2,213,556 shares of the construction company’s stock worth $146,117,000 after acquiring an additional 940,138 shares during the period. Long Pond Capital LP grew its position in shares of Taylor Morrison Home by 132.4% in the second quarter. Long Pond Capital LP now owns 1,561,586 shares of the construction company’s stock valued at $95,913,000 after purchasing an additional 889,616 shares during the period. Norges Bank acquired a new position in Taylor Morrison Home in the second quarter valued at $93,627,000. Charles Schwab Investment Management Inc. lifted its position in Taylor Morrison Home by 1.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,374,540 shares of the construction company’s stock worth $84,424,000 after buying an additional 20,902 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in Taylor Morrison Home by 96.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,302,940 shares of the construction company’s stock worth $76,704,000 after buying an additional 638,321 shares during the period. Institutional investors and hedge funds own 95.16% of the company’s stock.

About Taylor Morrison Home

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.