Shares of Taylor Morrison Home Co. (NYSE:TMHC – Get Rating) have received an average recommendation of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $31.14.
TMHC has been the topic of several analyst reports. BTIG Research cut their price objective on shares of Taylor Morrison Home from $40.00 to $35.00 in a report on Thursday, April 28th. B. Riley lowered shares of Taylor Morrison Home from a “buy” rating to a “neutral” rating and cut their price objective for the company from $36.00 to $28.00 in a report on Thursday, June 16th. Royal Bank of Canada lowered shares of Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from $28.00 to $29.00 in a report on Thursday. They noted that the move was a valuation call. Credit Suisse Group upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and set a $33.00 price objective on the stock in a report on Monday, July 11th. Finally, StockNews.com upgraded shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a report on Thursday.
Institutional Investors Weigh In On Taylor Morrison Home
Several hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC raised its holdings in Taylor Morrison Home by 208.5% in the second quarter. SG Americas Securities LLC now owns 42,589 shares of the construction company’s stock worth $995,000 after purchasing an additional 28,786 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Taylor Morrison Home by 15.9% during the second quarter. Russell Investments Group Ltd. now owns 28,718 shares of the construction company’s stock worth $670,000 after acquiring an additional 3,935 shares during the period. Hodges Capital Management Inc. raised its holdings in shares of Taylor Morrison Home by 1.9% during the second quarter. Hodges Capital Management Inc. now owns 482,515 shares of the construction company’s stock worth $11,272,000 after acquiring an additional 9,008 shares during the period. Counterpoint Mutual Funds LLC raised its holdings in shares of Taylor Morrison Home by 85.7% during the second quarter. Counterpoint Mutual Funds LLC now owns 5,483 shares of the construction company’s stock worth $128,000 after acquiring an additional 2,530 shares during the period. Finally, Bailard Inc. acquired a new stake in shares of Taylor Morrison Home during the second quarter worth $354,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.
Taylor Morrison Home Price Performance
TMHC opened at $28.70 on Friday. Taylor Morrison Home has a one year low of $20.05 and a one year high of $35.51. The company has a debt-to-equity ratio of 0.74, a current ratio of 5.62 and a quick ratio of 0.83. The company’s 50 day simple moving average is $25.87 and its 200-day simple moving average is $27.93. The stock has a market capitalization of $3.43 billion, a P/E ratio of 4.85 and a beta of 1.70.
Taylor Morrison Home (NYSE:TMHC – Get Rating) last released its quarterly earnings results on Wednesday, July 27th. The construction company reported $2.27 EPS for the quarter, beating the consensus estimate of $1.85 by $0.42. Taylor Morrison Home had a net margin of 9.53% and a return on equity of 19.17%. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the prior year, the firm earned $0.95 earnings per share. Taylor Morrison Home’s revenue was up 16.0% compared to the same quarter last year. Sell-side analysts anticipate that Taylor Morrison Home will post 9.15 earnings per share for the current fiscal year.
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 also develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name; and offers title insurance and closing settlement services, as well as financial services.
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