Research analysts at KeyCorp initiated coverage on shares of Taylor Morrison Home (NYSE:TMHC) in a research report issued to clients and investors on Monday, The Fly reports. The firm set a “sector weight” rating on the construction company’s stock.
A number of other research firms have also weighed in on TMHC. Barclays lifted their price objective on shares of Taylor Morrison Home from $35.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, February 11th. Royal Bank of Canada lowered shares of Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $31.00 to $27.00 in a research report on Friday, January 8th. B. Riley boosted their price target on shares of Taylor Morrison Home from $36.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, February 11th. Susquehanna boosted their price target on shares of Taylor Morrison Home from $37.00 to $43.00 and gave the company a “positive” rating in a research report on Thursday, February 11th. Finally, Zelman & Associates lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Monday, October 26th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $34.20.
Shares of TMHC stock opened at $27.99 on Monday. The company has a 50 day moving average of $27.29 and a 200-day moving average of $25.66. The company has a quick ratio of 0.99, a current ratio of 7.19 and a debt-to-equity ratio of 0.90. Taylor Morrison Home has a 12-month low of $6.39 and a 12-month high of $31.10. The firm has a market cap of $3.64 billion, a P/E ratio of 17.28 and a beta of 1.81.
In other Taylor Morrison Home news, CFO C. David Cone sold 34,153 shares of the company’s stock in a transaction dated Thursday, January 21st. The shares were sold at an average price of $30.00, for a total value of $1,024,590.00. Following the sale, the chief financial officer now owns 110,963 shares in the company, valued at $3,328,890. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Sheryl Palmer sold 50,000 shares of the company’s stock in a transaction dated Wednesday, January 20th. The stock was sold at an average price of $28.64, for a total transaction of $1,432,000.00. Following the completion of the sale, the chief executive officer now owns 187,758 shares in the company, valued at approximately $5,377,389.12. The disclosure for this sale can be found here. Insiders have sold 100,553 shares of company stock worth $2,942,610 in the last quarter. 1.90% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in TMHC. Lee Financial Co purchased a new stake in Taylor Morrison Home in the third quarter worth about $26,000. C M Bidwell & Associates Ltd. bought a new position in shares of Taylor Morrison Home in the third quarter worth approximately $36,000. Harbor Investment Advisory LLC lifted its stake in shares of Taylor Morrison Home by 133.9% in the third quarter. Harbor Investment Advisory LLC now owns 1,843 shares of the construction company’s stock worth $45,000 after buying an additional 1,055 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of Taylor Morrison Home by 347.2% in the third quarter. Steward Partners Investment Advisory LLC now owns 3,220 shares of the construction company’s stock worth $79,000 after buying an additional 2,500 shares in the last quarter. Finally, US Bancorp DE lifted its stake in shares of Taylor Morrison Home by 20.1% in the fourth quarter. US Bancorp DE now owns 4,214 shares of the construction company’s stock worth $108,000 after buying an additional 704 shares in the last quarter. Institutional investors and hedge funds own 92.49% of the company’s stock.
About Taylor Morrison Home
Taylor Morrison Home Corporation, together with its subsidiaries, 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 also offers title insurance and closing settlement services, as well as financial services.
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