The stock of Taylor Morrison Home Corp (NYSE:TMHC) hit a new 52-week high and has $32.90 target or 67.00% above today’s $19.70 share price. The 9 months bullish chart indicates low risk for the $2.37 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $32.90 price target is reached, the company will be worth $1.59 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 107,454 shares traded hands. Taylor Morrison Home Corp (NYSE:TMHC) has risen 30.26% since April 19, 2016 and is uptrending. It has outperformed by 26.40% the S&P500.
Taylor Morrison Home Corp (NYSE:TMHC) Ratings Coverage
Out of 9 analysts covering Taylor Morrison Home Corporation (NYSE:TMHC), 5 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 56% are positive. Taylor Morrison Home Corporation has been the topic of 20 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was maintained by Deutsche Bank with “Hold” on Monday, August 24. The firm has “Outperform” rating given on Thursday, November 5 by FBR Capital. The stock of Taylor Morrison Home Corp (NYSE:TMHC) earned “Neutral” rating by Wedbush on Tuesday, September 20. The rating was downgraded by Susquehanna on Thursday, August 4 to “Neutral”. Deutsche Bank maintained it with “Buy” rating and $20 target price in Tuesday, February 9 report. The rating was maintained by Citigroup with “Neutral” on Thursday, August 4. The company was upgraded on Monday, September 21 by Deutsche Bank. Deutsche Bank maintained Taylor Morrison Home Corp (NYSE:TMHC) rating on Tuesday, August 9. Deutsche Bank has “Buy” rating and $21 price target. The firm has “Outperform” rating given on Tuesday, March 8 by Credit Suisse. The firm earned “Neutral” rating on Friday, September 11 by JP Morgan.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment increased to 1.02 in Q2 2016. Its up 0.31, from 0.71 in 2016Q1. The ratio improved, as 14 funds sold all Taylor Morrison Home Corp shares owned while 41 reduced positions. 10 funds bought stakes while 29 increased positions. They now own 28.35 million shares or 2.33% less from 29.03 million shares in 2016Q1.
Nwq Investment Mngmt Ltd Liability Corporation accumulated 0.94% or 3.67M shares. Clarivest Asset Management Lc last reported 0% of its portfolio in the stock. Ftb Advisors Incorporated holds 838 shares or 0% of its portfolio. Miller Investment Management Limited Partnership, a Pennsylvania-based fund reported 12,100 shares. The New Jersey-based Landscape Limited Liability has invested 0.03% in Taylor Morrison Home Corp (NYSE:TMHC). Lmm Limited Co reported 2.23M shares or 1.48% of all its holdings. Bnp Paribas Arbitrage Sa accumulated 0% or 1,184 shares. Invesco Limited accumulated 51,149 shares or 0% of the stock. Walleye Trading Limited Co accumulated 4,219 shares or 0% of the stock. State Street Corp has 798,790 shares for 0% of their US portfolio. Geode Management Limited Liability Co accumulated 197,835 shares or 0% of the stock. Mufg Americas Corporation holds 0% of its portfolio in Taylor Morrison Home Corp (NYSE:TMHC) for 878 shares. State Board Of Administration Of Florida Retirement Systems accumulated 13,664 shares or 0% of the stock. Blackrock Mngmt Lc last reported 117,604 shares in the company. Sei Investments Company has 348,535 shares for 0.03% of their US portfolio.
More recent Taylor Morrison Home Corp (NYSE:TMHC) news were published by: Marketwatch.com which released: “Taylor Morrison Home stock price target raised to $17 from $14 at Credit Suisse” on April 10, 2013. Also Wsj.com published the news titled: “Taylor Morrison Buys Three Markets From Orleans Homes” on July 21, 2015. Azcentral.com‘s news article titled: “Taylor Morrison pays $85 million for Atlanta homebuilder” with publication date: January 11, 2016 was also an interesting one.
TMHC Company Profile
Taylor Morrison Home Corporation, incorporated on November 15, 2012, is a real estate development company, with a portfolio of lifestyle and master-planned communities. The Firm is engaged in the business of residential homebuilding and the development of lifestyle communities with activities geographically focused in Arizona, California, Colorado, Florida, Texas and its acquired divisions in Georgia, Illinois and North Carolina. The Firm operates under the Taylor Morrison and Darling Homes brand names. It also provides financial services to clients through its mortgage subsidiary, Taylor Morrison Home Funding, LLC (TMHF) and title insurance and closing settlement services through its title company, Inspired Title Services, LLC (Inspired Title). The Company’s business is organized into over 15 operating divisions aggregated into three homebuilding divisions, East, Central and West, and its Mortgage Operations segment, which includes the activities of TMHF and Inspired Title. These divisions are engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes, and providing warranty and customer service.
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