Taylor Morrison Home Corporation (NYSE:TMHC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Taylor Morrison Home Corporation (NYSE:TMHC) have earned an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $77.4286.

A number of equities analysts have recently issued reports on the stock. Zacks Research upgraded shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 22nd. Truist Financial lowered their target price on shares of Taylor Morrison Home from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, April 16th. Barclays raised their target price on shares of Taylor Morrison Home from $68.00 to $69.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Seaport Research Partners restated a “sell” rating and set a $49.00 target price (down from $85.00) on shares of Taylor Morrison Home in a research report on Tuesday, April 7th. Finally, Royal Bank Of Canada raised their target price on shares of Taylor Morrison Home from $68.00 to $69.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd.

Hedge Funds Weigh In On Taylor Morrison Home

A number of hedge funds and other institutional investors have recently bought and sold shares of TMHC. AQR Capital Management LLC grew its position in Taylor Morrison Home by 67.6% in the 4th quarter. AQR Capital Management LLC now owns 3,710,885 shares of the construction company’s stock valued at $218,274,000 after buying an additional 1,497,329 shares during the last quarter. Norges Bank purchased a new position in Taylor Morrison Home in the 4th quarter valued at $84,994,000. Assenagon Asset Management S.A. grew its position in Taylor Morrison Home by 96.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 2,554,498 shares of the construction company’s stock valued at $148,774,000 after buying an additional 1,251,558 shares during the last quarter. M&T Bank Corp grew its position in Taylor Morrison Home by 28,246.3% in the 4th quarter. M&T Bank Corp now owns 1,058,169 shares of the construction company’s stock valued at $62,294,000 after buying an additional 1,054,436 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in Taylor Morrison Home by 360.1% in the 3rd quarter. Alliancebernstein L.P. now owns 1,284,221 shares of the construction company’s stock valued at $84,771,000 after buying an additional 1,005,116 shares during the last quarter. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Taylor Morrison Home Stock Performance

Shares of TMHC opened at $55.26 on Wednesday. The company has a current ratio of 7.66, a quick ratio of 1.45 and a debt-to-equity ratio of 0.37. The firm has a market cap of $5.16 billion, a PE ratio of 8.25, a price-to-earnings-growth ratio of 1.29 and a beta of 1.51. The company’s 50 day simple moving average is $59.33 and its 200-day simple moving average is $61.19. Taylor Morrison Home has a 12-month low of $54.15 and a 12-month high of $72.50.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, April 22nd. The construction company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.30. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.33 billion. Taylor Morrison Home had a net margin of 8.77% and a return on equity of 11.48%. The company’s revenue for the quarter was down 26.8% compared to the same quarter last year. During the same period last year, the firm posted $2.07 earnings per share. As a group, equities analysts predict that Taylor Morrison Home will post 5.36 EPS for the current year.

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.