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Taylor Morrison Home Corp(TMHC-N)
NYSE

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Chart of the Day: Taylor Morrison Homes Out Performs the Market

Barchart - Tue May 9, 2023

The Chart of the Day belongs to the residential home construction company Taylor Morrison Homes (TMHC) ย  . ย I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart ย feature to review the charts for consistent price appreciation.ย  Since the Trend Seeker signaled a buy on 3/3 the stock gained ย 18.70%.

THMC Price vs Daily Moving Averages

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 also develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name; and offers title insurance and closing settlement services, as well as financial services. In addition, the company operates under the Taylor Morrison, Darling Homes Collection by Taylor Morrison, and Esplanade brand names in Arizona, California, Colorado, Florida, Georgia, Nevada, North and South Carolina, Oregon, Texas, and Washington. Taylor Morrison Home Corporation was founded in 1936 and is headquartered in Scottsdale, Arizona.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart Technical Indicators:

  • 100% technical buy signals
  • 74.52+Weighted Alpha
  • 56.17% gain in the last year
  • Trend Seeker buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 19.22% in the last month
  • Relative Strength Index 68.97%
  • Recently traded at $43.29 with 50 day moving average of $37.94

Fundamental Factors:

  • Market Cap $4.60 billion
  • P/E 4.31
  • Revenue expected to grow 3.30% next year
  • Earnings estimated to compound at an annual rate of 3.55% for the next 5 years

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

  • Wall Street analysts issued ย 1 strong buy, 2 buy and 4 hold opinions on this stock
  • Analysts have price targets from $42 to $58 with a consensus of $47
  • The individual investors on Motley Fool voted 37 to 4 for the stock to beat the market with the more experienced investors voting 5 to 1 for the same result
  • Value Line gave the stock its highest of 1 and an 18 month mid-point price target of $45 for a 9% gain
  • CFRAs MarketScope has a hold rating
  • Zacks comments: Another Construction stock, which has outperformed the sector so far this year, is Taylor Morrison Home (TMHC). The stock has returned 39.6% year-to-date. In Taylor Morrison Home's case, the consensus EPS estimate for the current year increased 31.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
  • 5,110 investors monitor the stock on Seeking Alpha

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in ย the next 72 hours.

Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.


On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

Provided Content: Content provided by Barchart. The Globe and Mail was not involved, and material was not reviewed prior to publication.