Zacks Investment Research upgraded shares of Taylor Morrison Home Corp (NASDAQ:TMHC) from a hold rating to a buy rating in a research note published on Tuesday morning. They currently have $27.00 price objective on the construction company’s stock.
According to Zacks, “Taylor Morrison Home Corporation is a homebuilder and land developer engaged in building single-family detached and attached homes for first-time buyers, move-up families to luxury and active adult customers. The company operates under the Taylor Morrison brand, Monarch brand and Darling Homes brand. It operates in Arizona, California, Colorado, Florida and Texas. Taylor Morrison Home Corporation is headquartered in Scottsdale, Arizona. “
Other equities research analysts have also issued reports about the company. Barclays PLC restated an equal weight rating and set a $22.00 price target (up from $21.00) on shares of Taylor Morrison Home Corp in a research report on Tuesday, March 7th. FBR & Co increased their price target on Taylor Morrison Home Corp from $21.00 to $23.00 and gave the stock a mkt perform rating in a research report on Friday, April 28th. Finally, ValuEngine upgraded Taylor Morrison Home Corp from a buy rating to a strong-buy rating in a research report on Friday, June 2nd. Nine research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Taylor Morrison Home Corp currently has an average rating of Hold and a consensus price target of $21.38.
Taylor Morrison Home Corp (TMHC) opened at 24.40 on Tuesday. The firm has a market cap of $1.27 billion and a price-to-earnings ratio of 13.95. The company’s 50-day moving average price is $23.65 and its 200-day moving average price is $21.41. Taylor Morrison Home Corp has a 52-week low of $15.67 and a 52-week high of $24.77.
Taylor Morrison Home Corp (NASDAQ:TMHC) last released its quarterly earnings data on Thursday, April 27th. The construction company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.02. Taylor Morrison Home Corp had a return on equity of 6.12% and a net margin of 4.63%. The company had revenue of $769.09 million for the quarter, compared to analyst estimates of $742.08 million. During the same period in the prior year, the company posted $0.21 EPS. The company’s revenue was up 19.2% compared to the same quarter last year. Analysts predict that Taylor Morrison Home Corp will post $1.91 EPS for the current year.
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Several hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its stake in Taylor Morrison Home Corp by 34.2% in the first quarter. Victory Capital Management Inc. now owns 6,315 shares of the construction company’s stock valued at $135,000 after buying an additional 1,608 shares in the last quarter. UBS Group AG increased its stake in Taylor Morrison Home Corp by 4.7% in the first quarter. UBS Group AG now owns 6,909 shares of the construction company’s stock valued at $147,000 after buying an additional 307 shares in the last quarter. Legal & General Group Plc increased its stake in Taylor Morrison Home Corp by 25.6% in the first quarter. Legal & General Group Plc now owns 9,338 shares of the construction company’s stock valued at $199,000 after buying an additional 1,906 shares in the last quarter. Hancock Holding Co. purchased a new stake in Taylor Morrison Home Corp during the first quarter valued at about $204,000. Finally, Fox Run Management L.L.C. purchased a new stake in Taylor Morrison Home Corp during the first quarter valued at about $207,000.
Taylor Morrison Home Corp Company Profile
Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).
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