Taylor Morrison Home’s (TMHC) Neutral Rating Reaffirmed at Wedbush

Wedbush reaffirmed their neutral rating on shares of Taylor Morrison Home (NYSE:TMHC) in a research report sent to investors on Tuesday, Marketbeat reports. They currently have a $55.00 price target on the construction company’s stock. Wedbush also issued estimates for Taylor Morrison Home’s Q2 2024 earnings at $1.83 EPS, Q3 2024 earnings at $1.94 EPS, Q4 2024 earnings at $2.34 EPS, Q1 2025 earnings at $1.72 EPS, Q2 2025 earnings at $2.02 EPS, Q3 2025 earnings at $2.33 EPS, Q4 2025 earnings at $2.52 EPS and FY2025 earnings at $8.60 EPS.

Other analysts also recently issued reports about the company. StockNews.com downgraded Taylor Morrison Home from a buy rating to a hold rating in a research report on Thursday, March 21st. Seaport Res Ptn lowered shares of Taylor Morrison Home from a buy rating to a neutral rating in a report on Monday, January 22nd. Barclays lifted their price target on shares of Taylor Morrison Home from $55.00 to $60.00 and gave the stock an equal weight rating in a research note on Thursday, February 15th. Zelman & Associates raised shares of Taylor Morrison Home from an underperform rating to a neutral rating in a research report on Friday, April 12th. Finally, Royal Bank of Canada boosted their target price on Taylor Morrison Home from $57.00 to $61.00 and gave the company an outperform rating in a research report on Thursday, February 15th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $58.20.

Taylor Morrison Home Trading Up 1.7 %

TMHC stock opened at $57.20 on Tuesday. The firm has a fifty day moving average price of $57.61 and a 200 day moving average price of $51.83. Taylor Morrison Home has a fifty-two week low of $37.23 and a fifty-two week high of $62.64. The firm has a market cap of $6.09 billion, a PE ratio of 8.18 and a beta of 1.88. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.13 and a current ratio of 6.16.

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, beating the consensus estimate of $1.57 by $0.18. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.66 billion. Taylor Morrison Home had a net margin of 10.30% and a return on equity of 15.75%. Taylor Morrison Home’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.74 earnings per share. Sell-side analysts anticipate that Taylor Morrison Home will post 7.29 earnings per share for the current fiscal year.

Insider Activity

In other Taylor Morrison Home news, Director William H. Lyon sold 33,400 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $56.04, for a total transaction of $1,871,736.00. Following the transaction, the director now owns 71,570 shares of the company’s stock, valued at approximately $4,010,782.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director William H. Lyon sold 33,400 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $56.04, for a total value of $1,871,736.00. Following the completion of the transaction, the director now directly owns 71,570 shares of the company’s stock, valued at approximately $4,010,782.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director William H. Lyon sold 20,896 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $56.01, for a total value of $1,170,384.96. Following the sale, the director now directly owns 2,837,020 shares in the company, valued at approximately $158,901,490.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 613,537 shares of company stock worth $36,409,767. Company insiders own 3.50% of the company’s stock.

Institutional Trading of Taylor Morrison Home

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fuller & Thaler Asset Management Inc. raised its position in shares of Taylor Morrison Home by 117.0% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 3,180,341 shares of the construction company’s stock valued at $135,514,000 after purchasing an additional 1,714,897 shares during the last quarter. Norges Bank acquired a new position in Taylor Morrison Home during the 4th quarter valued at approximately $63,137,000. Allspring Global Investments Holdings LLC increased its stake in Taylor Morrison Home by 4,586.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 663,385 shares of the construction company’s stock valued at $41,243,000 after purchasing an additional 649,230 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Taylor Morrison Home by 3,268.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 452,087 shares of the construction company’s stock worth $24,119,000 after buying an additional 438,664 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in shares of Taylor Morrison Home by 99.3% during the fourth quarter. Assetmark Inc. now owns 786,812 shares of the construction company’s stock worth $41,976,000 after buying an additional 391,964 shares during the period. Hedge funds and other institutional investors 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.