Other equities research analysts have also recently issued reports about the company. Royal Bank of Canada raised Taylor Morrison Home from a sector perform rating to an outperform rating and raised their price target for the company from $23.00 to $25.00 in a report on Thursday, May 16th. Barclays raised their price target on Taylor Morrison Home from $20.00 to $23.00 and gave the company an equal weight rating in a report on Friday, July 19th. Zacks Investment Research cut Taylor Morrison Home from a buy rating to a hold rating in a report on Saturday, July 20th. Citigroup lifted their target price on Taylor Morrison Home from $22.00 to $25.00 and gave the company a buy rating in a research note on Thursday, May 2nd. Finally, B. Riley raised Taylor Morrison Home from a neutral rating to a buy rating and lifted their target price for the company from $22.00 to $26.00 in a research note on Thursday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $23.22.
TMHC stock traded down $0.08 during midday trading on Thursday, reaching $22.81. 1,233,780 shares of the company’s stock traded hands, compared to its average volume of 720,558. The business has a 50-day moving average of $21.21. Taylor Morrison Home has a 1-year low of $14.73 and a 1-year high of $22.99. The stock has a market cap of $2.42 billion, a P/E ratio of 8.61, a price-to-earnings-growth ratio of 1.90 and a beta of 0.99. The company has a current ratio of 7.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.91.
In other news, insider Joseph Terracciano sold 1,964 shares of Taylor Morrison Home stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $20.71, for a total value of $40,674.44. Following the completion of the sale, the insider now directly owns 2,015 shares of the company’s stock, valued at approximately $41,730.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Strs Ohio bought a new position in shares of Taylor Morrison Home in the 2nd quarter worth $50,000. Penserra Capital Management LLC bought a new position in shares of Taylor Morrison Home in the 1st quarter worth $59,000. Factorial Partners LLC bought a new position in shares of Taylor Morrison Home in the 1st quarter worth $71,000. Public Employees Retirement System of Ohio boosted its position in shares of Taylor Morrison Home by 26.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 7,463 shares of the construction company’s stock worth $119,000 after purchasing an additional 1,577 shares during the last quarter. Finally, First Mercantile Trust Co. boosted its position in shares of Taylor Morrison Home by 10.6% in the 1st quarter. First Mercantile Trust Co. now owns 10,494 shares of the construction company’s stock worth $186,000 after purchasing an additional 1,004 shares during the last quarter.
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.
Further Reading: Arbitrage
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