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Is Taylor Morrison Home (TMHC) Outperforming Other Construction Stocks This Year?

Zacks Equity Research

Investors focused on the Construction space have likely heard of Taylor Morrison Home (TMHC), but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Construction peers, we might be able to answer that question.

Taylor Morrison Home is a member of our Construction group, which includes 101 different companies and currently sits at #1 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. TMHC is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for TMHC's full-year earnings has moved 4.85% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

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Based on the latest available data, TMHC has gained about 72.39% so far this year. Meanwhile, stocks in the Construction group have gained about 38.70% on average. As we can see, Taylor Morrison Home is performing better than its sector in the calendar year.

Looking more specifically, TMHC belongs to the Building Products - Home Builders industry, which includes 19 individual stocks and currently sits at #8 in the Zacks Industry Rank. Stocks in this group have gained about 55.65% so far this year, so TMHC is performing better this group in terms of year-to-date returns.

Going forward, investors interested in Construction stocks should continue to pay close attention to TMHC as it looks to continue its solid performance.


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Zacks Investment Research