Taylor Morrison Home Corp (TMHC) Receives Consensus Recommendation of “Hold” from Brokerages

Taylor Morrison Home Corp (NYSE:TMHC) has received a consensus recommendation of “Hold” from the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $20.64.

A number of equities research analysts have recently weighed in on TMHC shares. Zacks Investment Research upgraded shares of Taylor Morrison Home from a “sell” rating to a “hold” rating in a research report on Wednesday. Barclays set a $17.00 price target on shares of Taylor Morrison Home and gave the company a “sell” rating in a research report on Thursday, March 28th. B. Riley lifted their price target on shares of Taylor Morrison Home from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, February 14th. JPMorgan Chase & Co. upgraded shares of Taylor Morrison Home from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $18.50 to $20.00 in a research report on Thursday, March 7th. Finally, ValuEngine downgraded shares of Taylor Morrison Home from a “sell” rating to a “strong sell” rating in a research report on Friday, February 15th.

In other Taylor Morrison Home news, insider Joseph Terracciano sold 2,323 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $16.84, for a total transaction of $39,119.32. Following the completion of the transaction, the insider now directly owns 2,050 shares in the company, valued at $34,522. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.50% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. grew its stake in shares of Taylor Morrison Home by 4.1% during the fourth quarter. Victory Capital Management Inc. now owns 23,357 shares of the construction company’s stock worth $371,000 after buying an additional 910 shares during the last quarter. BerganKDV Wealth Management LLC grew its stake in shares of Taylor Morrison Home by 237.6% during the fourth quarter. BerganKDV Wealth Management LLC now owns 1,688 shares of the construction company’s stock worth $27,000 after buying an additional 1,188 shares during the last quarter. First Mercantile Trust Co. grew its stake in shares of Taylor Morrison Home by 16.6% during the fourth quarter. First Mercantile Trust Co. now owns 9,490 shares of the construction company’s stock worth $151,000 after buying an additional 1,350 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Taylor Morrison Home by 26.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 7,463 shares of the construction company’s stock worth $119,000 after buying an additional 1,577 shares during the last quarter. Finally, Strs Ohio bought a new stake in shares of Taylor Morrison Home during the fourth quarter worth $28,000.

Shares of TMHC stock opened at $19.39 on Thursday. The company has a debt-to-equity ratio of 0.92, a current ratio of 7.70 and a quick ratio of 0.89. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 7.32, a P/E/G ratio of 0.81 and a beta of 1.16. Taylor Morrison Home has a 12-month low of $14.73 and a 12-month high of $24.39.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, February 13th. The construction company reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.40. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.49 billion. Taylor Morrison Home had a net margin of 4.88% and a return on equity of 12.90%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the business posted $0.77 earnings per share. On average, sell-side analysts anticipate that Taylor Morrison Home will post 2.43 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 and multi-family attached and detached 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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Analyst Recommendations for Taylor Morrison Home (NYSE:TMHC)

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