Taylor Morrison (TMHC) Receives Consensus Rating of “Buy” from Brokerages

Taylor Morrison (NYSE:TMHC) has received an average rating of “Buy” from the thirteen brokerages that are covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $28.13.

TMHC has been the topic of several research reports. Deutsche Bank lifted their price objective on Taylor Morrison from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Citigroup raised Taylor Morrison from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Tuesday, January 2nd. Barclays set a $28.00 price objective on Taylor Morrison and gave the company an “equal weight” rating in a research report on Thursday, February 8th. Zacks Investment Research cut Taylor Morrison from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Finally, ValuEngine cut Taylor Morrison from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd.

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In other news, insider Joseph Terracciano sold 5,788 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $23.97, for a total value of $138,738.36. Following the sale, the insider now directly owns 4,168 shares of the company’s stock, valued at approximately $99,906.96. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Group Holdings (Sbs) Advis Tpg sold 1,499,732 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $27.14, for a total transaction of $40,702,726.48. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. New Amsterdam Partners LLC NY raised its holdings in Taylor Morrison by 1.7% in the 4th quarter. New Amsterdam Partners LLC NY now owns 289,704 shares of the construction company’s stock worth $7,089,000 after acquiring an additional 4,786 shares during the last quarter. California Public Employees Retirement System raised its holdings in Taylor Morrison by 6.5% in the 3rd quarter. California Public Employees Retirement System now owns 80,843 shares of the construction company’s stock worth $1,783,000 after acquiring an additional 4,943 shares during the last quarter. Nordea Investment Management AB raised its holdings in Taylor Morrison by 66.3% in the 3rd quarter. Nordea Investment Management AB now owns 13,300 shares of the construction company’s stock worth $293,000 after acquiring an additional 5,300 shares during the last quarter. Rhumbline Advisers raised its holdings in Taylor Morrison by 8.7% in the 3rd quarter. Rhumbline Advisers now owns 71,295 shares of the construction company’s stock worth $1,572,000 after acquiring an additional 5,718 shares during the last quarter. Finally, California State Teachers Retirement System raised its holdings in Taylor Morrison by 5.4% in the 3rd quarter. California State Teachers Retirement System now owns 114,283 shares of the construction company’s stock worth $2,520,000 after acquiring an additional 5,872 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

Taylor Morrison stock opened at $23.34 on Friday. The company has a current ratio of 7.73, a quick ratio of 1.55 and a debt-to-equity ratio of 0.64. The company has a market cap of $2,722.15, a price-to-earnings ratio of 11.79, a PEG ratio of 0.78 and a beta of 1.42. Taylor Morrison has a fifty-two week low of $19.68 and a fifty-two week high of $28.42.

Taylor Morrison (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, February 7th. The construction company reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.07. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Taylor Morrison had a return on equity of 5.76% and a net margin of 2.36%. The business’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.63 EPS. analysts forecast that Taylor Morrison will post 2.61 earnings per share for the current year.

Taylor Morrison announced that its Board of Directors has approved a share repurchase program on Wednesday, January 3rd that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

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Taylor Morrison Company Profile

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family detached and attached homes; and develops lifestyle and master-planned communities. It operates under the Taylor Morrison and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.

Analyst Recommendations for Taylor Morrison (NYSE:TMHC)

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