Taylor Morrison Home (NYSE:TMHC) Price Target Increased to $86.00 by Analysts at BTIG Research

Taylor Morrison Home (NYSE:TMHC) had its price target upped by BTIG Research from $78.00 to $86.00 in a research report report published on Thursday, Benzinga reports. BTIG Research currently has a buy rating on the construction company’s stock.

Several other analysts have also commented on the stock. Raymond James began coverage on shares of Taylor Morrison Home in a report on Wednesday, July 24th. They issued an “outperform” rating and a $75.00 price objective for the company. Zelman & Associates upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. StockNews.com lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Royal Bank of Canada raised their price objective on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Wedbush restated a “neutral” rating and issued a $65.00 price objective on shares of Taylor Morrison Home in a report on Wednesday. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $75.83.

Taylor Morrison Home Trading Up 1.3 %

Shares of NYSE TMHC traded up $0.89 during trading hours on Thursday, hitting $69.25. The company’s stock had a trading volume of 118,313 shares, compared to its average volume of 788,675. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.67 and a current ratio of 6.01. The stock has a market cap of $7.32 billion, a price-to-earnings ratio of 9.78 and a beta of 1.96. Taylor Morrison Home has a 12 month low of $37.23 and a 12 month high of $71.95. The business has a 50-day simple moving average of $67.44 and a 200-day simple moving average of $61.57.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.06 by $0.31. The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Taylor Morrison Home had a return on equity of 14.99% and a net margin of 9.92%. Taylor Morrison Home’s quarterly revenue was up 26.6% on a year-over-year basis. During the same period last year, the firm earned $1.62 earnings per share. On average, analysts anticipate that Taylor Morrison Home will post 8.15 earnings per share for the current fiscal year.

Insider Activity

In other news, Director William H. Lyon sold 1,741 shares of Taylor Morrison Home stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $68.03, for a total transaction of $118,440.23. Following the completion of the transaction, the director now directly owns 2,195,316 shares in the company, valued at approximately $149,347,347.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Taylor Morrison Home

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC bought a new position in Taylor Morrison Home in the 3rd quarter valued at approximately $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Taylor Morrison Home in the 2nd quarter valued at approximately $31,000. UMB Bank n.a. lifted its position in Taylor Morrison Home by 263.9% in the 3rd quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock valued at $38,000 after acquiring an additional 388 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in Taylor Morrison Home in the 1st quarter valued at approximately $82,000. Finally, Meeder Asset Management Inc. bought a new position in Taylor Morrison Home in the 1st quarter valued at approximately $91,000. 95.16% of the stock is owned by institutional investors.

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.