KeyCorp Begins Coverage on Taylor Morrison Home (NYSE:TMHC)

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.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Tuesday, February 9th. The construction company reported $0.72 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.10). Taylor Morrison Home had a return on equity of 13.00% and a net margin of 3.37%. The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the business earned $1.06 EPS. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, equities analysts expect that Taylor Morrison Home will post 3.11 EPS for the current year.

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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Analyst Recommendations for Taylor Morrison Home (NYSE:TMHC)

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