Taylor Morrison Home (NYSE:TMHC) Price Target Increased to $74.00 by Analysts at Royal Bank of Canada

Taylor Morrison Home (NYSE:TMHC) had its target price hoisted by Royal Bank of Canada from $63.00 to $74.00 in a research note published on Thursday, Benzinga reports. They currently have an outperform rating on the construction company’s stock.

A number of other analysts also recently commented on TMHC. StockNews.com downgraded shares of Taylor Morrison Home from a buy rating to a hold rating in a report on Friday, July 19th. Wedbush reaffirmed a neutral rating and issued a $65.00 price target (up previously from $61.00) on shares of Taylor Morrison Home in a report on Wednesday. Barclays reduced their price target on shares of Taylor Morrison Home from $65.00 to $62.00 and set an equal weight rating on the stock in a report on Friday, July 12th. Zelman & Associates raised shares of Taylor Morrison Home from an underperform rating to a neutral rating in a report on Friday, April 12th. Finally, Raymond James began coverage on shares of Taylor Morrison Home in a report on Wednesday. They issued an outperform rating and a $75.00 price target on the stock. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Hold and an average target price of $66.50.

Taylor Morrison Home Stock Down 0.1 %

TMHC stock opened at $65.52 on Thursday. The company has a market cap of $6.93 billion, a P/E ratio of 9.37 and a beta of 1.95. Taylor Morrison Home has a 52 week low of $37.23 and a 52 week high of $67.66. The company’s 50-day moving average price is $57.77 and its 200 day moving average price is $56.75. The company has a current ratio of 6.01, a quick ratio of 0.91 and a debt-to-equity ratio of 0.39.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.18. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.66 billion. Taylor Morrison Home had a net margin of 9.92% and a return on equity of 14.99%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.74 earnings per share. On average, research analysts expect that Taylor Morrison Home will post 7.62 earnings per share for the current fiscal year.

Insider Activity

In other news, Director William H. Lyon sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $64.33, for a total value of $1,929,900.00. Following the completion of the transaction, the director now owns 2,255,316 shares of the company’s stock, valued at $145,084,478.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director William H. Lyon sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $64.33, for a total value of $1,929,900.00. Following the completion of the transaction, the director now owns 2,255,316 shares of the company’s stock, valued at $145,084,478.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Sheryl Palmer sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $61.70, for a total transaction of $6,170,000.00. Following the transaction, the chief executive officer now directly owns 19,211 shares of the company’s stock, valued at approximately $1,185,318.70. The disclosure for this sale can be found here. Insiders sold a total of 160,000 shares of company stock valued at $10,089,200 over the last 90 days. Insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Taylor Morrison Home

Large investors have recently made changes to their positions in the business. Rise Advisors LLC purchased a new position in shares of Taylor Morrison Home in the first quarter valued at $26,000. ICA Group Wealth Management LLC bought a new position in shares of Taylor Morrison Home in the 4th quarter worth about $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Taylor Morrison Home in the 2nd quarter worth about $31,000. Private Wealth Management Group LLC bought a new position in shares of Taylor Morrison Home in the 4th quarter worth about $39,000. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of Taylor Morrison Home in the 4th quarter worth about $48,000. Institutional investors and hedge funds own 95.16% 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 and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.