Taylor Morrison Home Corp (NYSE:TMHC) has been given an average rating of “Hold” by the thirteen analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $23.29.
A number of equities research analysts recently issued reports on the company. Barclays set a $22.00 price target on Taylor Morrison Home and gave the stock a “hold” rating in a research report on Wednesday, August 1st. ValuEngine raised Taylor Morrison Home from a “strong sell” rating to a “sell” rating in a research report on Friday, September 7th. Zacks Investment Research downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, October 17th. Citigroup reissued a “buy” rating and set a $19.00 price target (down previously from $27.00) on shares of Taylor Morrison Home in a research report on Monday, October 29th. Finally, Deutsche Bank downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating and reduced their price target for the stock from $25.00 to $14.00 in a research report on Monday, October 22nd.
Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Taylor Morrison Home by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 10,537,928 shares of the construction company’s stock valued at $190,104,000 after purchasing an additional 197,582 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Taylor Morrison Home by 8.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 8,683,141 shares of the construction company’s stock valued at $156,645,000 after acquiring an additional 668,689 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Taylor Morrison Home by 13.1% in the 3rd quarter. Alliancebernstein L.P. now owns 4,140,192 shares of the construction company’s stock valued at $74,689,000 after acquiring an additional 480,750 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Taylor Morrison Home by 3.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,253,718 shares of the construction company’s stock valued at $58,697,000 after acquiring an additional 108,074 shares during the last quarter. Finally, Long Pond Capital LP bought a new position in shares of Taylor Morrison Home in the 2nd quarter valued at $62,403,000. 92.94% of the stock is currently owned by hedge funds and other institutional investors.
Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, October 31st. The construction company reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.19. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.05 billion. Taylor Morrison Home had a return on equity of 11.21% and a net margin of 5.34%. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.45 earnings per share. On average, sell-side analysts anticipate that Taylor Morrison Home will post 2.17 EPS for the current fiscal year.
About Taylor Morrison Home
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.
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