The stock of Taylor Morrison Home Corp (NYSE:TMHC) hit a new 52-week high and has $25.34 target or 40.00% above today’s $18.10 share price. The 5 months bullish chart indicates low risk for the $2.16 billion company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $25.34 price target is reached, the company will be worth $864.00M 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 124,892 shares traded hands. Taylor Morrison Home Corp (NYSE:TMHC) has risen 26.12% since April 5, 2016 and is uptrending. It has outperformed by 24.17% 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. Deutsche Bank maintained it with “Buy” rating and $20 target price in Tuesday, February 9 report. The rating was maintained by Deutsche Bank with “Hold” on Monday, August 24. On Monday, September 21 the stock rating was upgraded by Deutsche Bank to “Buy”. Wedbush initiated Taylor Morrison Home Corp (NYSE:TMHC) on Tuesday, September 20 with “Neutral” rating. The stock of Taylor Morrison Home Corp (NYSE:TMHC) has “Outperform” rating given on Tuesday, March 8 by Credit Suisse. The stock of Taylor Morrison Home Corp (NYSE:TMHC) earned “Market Perform” rating by Wells Fargo on Thursday, September 29. On Friday, September 11 the stock rating was downgraded by JP Morgan to “Neutral”. The stock of Taylor Morrison Home Corp (NYSE:TMHC) has “Buy” rating given on Tuesday, August 9 by Deutsche Bank. As per Thursday, November 5, the company rating was maintained by FBR Capital. Citigroup maintained the stock with “Neutral” rating in Thursday, August 4 report.
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 decreased to 0.71 in 2016 Q2. Its down 0.51, from 1.22 in 2016Q1. The ratio turned negative, 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.
Lmm Limited Liability Co last reported 2.23 million shares in the company. Vanguard Group Inc Incorporated holds 0% or 2.20M shares in its portfolio. The New York-based Amer Intl Gp has invested 0% in Taylor Morrison Home Corp (NYSE:TMHC). The Manitoba – Canada-based Great West Life Assurance Can has invested 0% in Taylor Morrison Home Corp (NYSE:TMHC). Teacher Retirement Systems Of Texas accumulated 4,640 shares or 0% of the stock. Moreover, Nwq Inv Llc has 0.94% invested in Taylor Morrison Home Corp (NYSE:TMHC) for 3.67M shares. Moreover, Renaissance Ltd has 0% invested in Taylor Morrison Home Corp (NYSE:TMHC) for 12,100 shares. Stonehill Cap Mgmt Ltd Liability Corporation reported 202,889 shares or 1.25% of all its holdings. The Ontario – Canada-based Royal Bancorp Of Canada has invested 0% in Taylor Morrison Home Corp (NYSE:TMHC). State Street, a Massachusetts-based fund reported 798,790 shares. Goldman Sachs Gp accumulated 0% or 40,965 shares. Teachers Advsrs, a New York-based fund reported 49,351 shares. The New York-based Qs Limited Liability Company has invested 0% in Taylor Morrison Home Corp (NYSE:TMHC). Blackrock Inc holds 0% of its portfolio in Taylor Morrison Home Corp (NYSE:TMHC) for 2,128 shares. The United Kingdom-based Barclays Public Ltd Liability Com has invested 0% in Taylor Morrison Home Corp (NYSE:TMHC).
More notable 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 with their article: “Taylor Morrison Buys Three Markets From Orleans Homes” published on July 21, 2015, Quotes.Wsj.com published: “News Taylor Morrison Home Corp.TMHC” on April 08, 2013. More interesting news about Taylor Morrison Home Corp (NYSE:TMHC) were released by: Azcentral.com and their article: “Taylor Morrison pays $85 million for Atlanta homebuilder” published on January 11, 2016 as well as Prnewswire.com‘s news article titled: “America’s Most Trusted Homebuilder, Taylor Morrison, is Celebrating America’s …” with publication date: September 01, 2016.
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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