Wells Fargo & Co upgraded shares of Taylor Morrison Home (NYSE:TMHC) from a market perform rating to an outperform rating in a research report report published on Friday, January 5th, MarketBeat Ratings reports. The firm currently has $32.00 target price on the construction company’s stock.

A number of other equities analysts have also recently weighed in on the company. Citigroup raised Taylor Morrison Home from a neutral rating to a buy rating and set a $30.00 price target for the company in a report on Tuesday, January 2nd. ValuEngine cut Taylor Morrison Home from a strong-buy rating to a buy rating in a report on Thursday, November 2nd. BidaskClub raised Taylor Morrison Home from a hold rating to a buy rating in a report on Wednesday, October 4th. B. Riley reaffirmed a neutral rating on shares of Taylor Morrison Home in a report on Thursday, November 2nd. Finally, Susquehanna Bancshares raised Taylor Morrison Home from a neutral rating to a positive rating in a report on Thursday, January 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $27.57.

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Shares of Taylor Morrison Home (TMHC) opened at $26.14 on Friday. Taylor Morrison Home has a one year low of $18.26 and a one year high of $28.42. The company has a quick ratio of 0.81, a current ratio of 6.85 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $3,030.00, a PE ratio of 42.16, a PEG ratio of 0.89 and a beta of 1.47.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, November 1st. The construction company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. Taylor Morrison Home had a return on equity of 4.18% and a net margin of 2.41%. The firm had revenue of $908.00 million for the quarter, compared to the consensus estimate of $914.19 million. During the same quarter in the prior year, the business earned $0.49 earnings per share. The company’s revenue was up 6.4% compared to the same quarter last year. research analysts expect that Taylor Morrison Home will post 1.86 EPS for the current fiscal year.

Taylor Morrison Home declared that its Board of Directors has approved a share repurchase plan on Wednesday, January 3rd that permits the company to buyback $200.00 million in shares. This buyback authorization permits the construction company to buy shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

In other news, insider C. David Cone sold 35,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $23.79, for a total value of $832,650.00. Following the completion of the sale, the insider now directly owns 42,511 shares in the company, valued at $1,011,336.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Group Holdings (Sbs) Advis Tpg sold 1,499,732 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $27.14, for a total value of $40,702,726.48. The disclosure for this sale can be found here. 2.40% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp grew its position in shares of Taylor Morrison Home by 13.0% in the third quarter. Bank of New York Mellon Corp now owns 356,953 shares of the construction company’s stock valued at $7,871,000 after purchasing an additional 40,989 shares in the last quarter. BlackRock Inc. grew its position in shares of Taylor Morrison Home by 51.5% in the second quarter. BlackRock Inc. now owns 6,585,230 shares of the construction company’s stock valued at $158,111,000 after purchasing an additional 2,239,679 shares in the last quarter. Capital Growth Management LP purchased a new position in Taylor Morrison Home in the second quarter worth approximately $1,801,000. Wells Fargo & Company MN grew its position in Taylor Morrison Home by 17.1% in the third quarter. Wells Fargo & Company MN now owns 536,937 shares of the construction company’s stock worth $11,839,000 after acquiring an additional 78,602 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Taylor Morrison Home by 104.3% in the second quarter. JPMorgan Chase & Co. now owns 2,086,935 shares of the construction company’s stock worth $50,107,000 after acquiring an additional 1,065,455 shares during the period. Institutional investors and hedge funds own 57.68% of the company’s stock.

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Taylor Morrison Home 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).

Analyst Recommendations for Taylor Morrison Home (NYSE:TMHC)

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