Analysts Set Taylor Morrison Home Corporation (NYSE:TMHC) Price Target at $77.14

Shares of Taylor Morrison Home Corporation (NYSE:TMHC) have received an average rating of “Moderate Buy” from the ten ratings firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $77.8571.

Several equities analysts have recently issued reports on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Taylor Morrison Home in a research note on Monday, December 29th. Citizens Jmp began coverage on shares of Taylor Morrison Home in a report on Wednesday, January 7th. They issued a “market outperform” rating and a $95.00 price objective for the company. Barclays dropped their target price on shares of Taylor Morrison Home from $71.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday. Bank of America reiterated a “neutral” rating and set a $70.00 price target (up previously from $68.00) on shares of Taylor Morrison Home in a research report on Friday, January 16th. Finally, Zacks Research lowered shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd.

Taylor Morrison Home Stock Performance

Taylor Morrison Home stock opened at $69.03 on Monday. The company has a current ratio of 7.31, a quick ratio of 1.55 and a debt-to-equity ratio of 0.36. The firm has a market cap of $6.75 billion, a P/E ratio of 8.90, a P/E/G ratio of 8.55 and a beta of 1.59. Taylor Morrison Home has a 1-year low of $51.90 and a 1-year high of $72.50. The firm has a 50-day moving average of $62.09 and a 200-day moving average of $63.41.

Hedge Funds Weigh In On Taylor Morrison Home

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in shares of Taylor Morrison Home by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,401,801 shares of the construction company’s stock worth $376,876,000 after acquiring an additional 57,326 shares in the last quarter. AQR Capital Management LLC grew its holdings in Taylor Morrison Home by 73.8% in the third quarter. AQR Capital Management LLC now owns 2,213,556 shares of the construction company’s stock worth $146,117,000 after purchasing an additional 940,138 shares during the period. Morgan Stanley increased its stake in shares of Taylor Morrison Home by 10.4% during the fourth quarter. Morgan Stanley now owns 1,973,433 shares of the construction company’s stock valued at $116,176,000 after purchasing an additional 185,381 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Taylor Morrison Home by 61.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,833,814 shares of the construction company’s stock valued at $107,957,000 after purchasing an additional 695,471 shares during the last quarter. Finally, Long Pond Capital LP boosted its position in shares of Taylor Morrison Home by 132.4% in the 2nd quarter. Long Pond Capital LP now owns 1,561,586 shares of the construction company’s stock worth $95,913,000 after purchasing an additional 889,616 shares in the last quarter. Hedge funds and other institutional investors 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.