Taylor Morrison Home (NYSE:TMHC) Upgraded by Barclays to “Overweight” Rating

Taylor Morrison Home (NYSE:TMHC) was upgraded by investment analysts at Barclays from an “equal weight” rating to an “overweight” rating in a report issued on Wednesday,Benzinga reports. The brokerage presently has a $90.00 price objective on the construction company’s stock, up from their prior price objective of $75.00. Barclays‘s price target would suggest a potential upside of 31.87% from the stock’s current price.

Several other research firms also recently commented on TMHC. StockNews.com upgraded shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. Wedbush raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $65.00 to $85.00 in a report on Friday, October 25th. Raymond James restated an “outperform” rating and issued a $84.00 price target (up previously from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. BTIG Research increased their price objective on Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Royal Bank of Canada boosted their target price on Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $84.40.

Taylor Morrison Home Stock Down 1.7 %

Shares of NYSE:TMHC opened at $68.25 on Wednesday. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. The firm has a 50 day simple moving average of $69.96 and a 200-day simple moving average of $64.73. The company has a market capitalization of $7.06 billion, a PE ratio of 9.03 and a beta of 1.97. Taylor Morrison Home has a twelve month low of $46.73 and a twelve month high of $75.49.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, October 23rd. The construction company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.31. The business 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 15.91% and a net margin of 10.39%. The business’s revenue was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.62 earnings per share. On average, equities analysts predict that Taylor Morrison Home will post 8.44 EPS for the current fiscal year.

Insider Transactions at Taylor Morrison Home

In other Taylor Morrison Home news, Director William H. Lyon sold 24,284 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $74.46, for a total value of $1,808,186.64. Following the completion of the transaction, the director now directly owns 2,045,316 shares of the company’s stock, valued at approximately $152,294,229.36. This trade represents a 1.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Darrell Sherman sold 26,757 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $70.00, for a total value of $1,872,990.00. Following the sale, the executive vice president now directly owns 109,217 shares in the company, valued at $7,645,190. This trade represents a 19.68 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 128,621 shares of company stock valued at $9,164,869. Corporate insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Taylor Morrison Home

Several hedge funds have recently bought and sold shares of the company. Cetera Advisors LLC purchased a new position in shares of Taylor Morrison Home in the first quarter valued at $475,000. CWM LLC raised its position in Taylor Morrison Home by 15.7% during the second quarter. CWM LLC now owns 2,334 shares of the construction company’s stock worth $129,000 after acquiring an additional 316 shares during the last quarter. Blue Trust Inc. raised its position in Taylor Morrison Home by 23.0% during the second quarter. Blue Trust Inc. now owns 4,307 shares of the construction company’s stock worth $239,000 after acquiring an additional 805 shares during the last quarter. TCW Group Inc. lifted its holdings in shares of Taylor Morrison Home by 0.4% in the second quarter. TCW Group Inc. now owns 52,193 shares of the construction company’s stock valued at $2,894,000 after purchasing an additional 213 shares in the last quarter. Finally, Raymond James & Associates grew its position in shares of Taylor Morrison Home by 10.1% in the second quarter. Raymond James & Associates now owns 57,491 shares of the construction company’s stock valued at $3,187,000 after purchasing an additional 5,296 shares during the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

Taylor Morrison Home Company Profile

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.