Seaport Res Ptn Downgrades Taylor Morrison Home (NYSE:TMHC) to Strong Sell

Taylor Morrison Home (NYSE:TMHC) was downgraded by research analysts at Seaport Res Ptn from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other analysts have also issued reports about the company. JPMorgan Chase & Co. cut their price target on Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, December 13th. StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Wedbush raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $65.00 to $85.00 in a research note on Friday, October 25th. Barclays raised Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $75.00 to $90.00 in a research note on Wednesday, December 11th. Finally, Wolfe Research raised Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective on the stock in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $84.00.

Taylor Morrison Home Stock Performance

Shares of TMHC stock opened at $66.40 on Monday. The business’s 50-day moving average price is $65.53 and its 200-day moving average price is $66.48. Taylor Morrison Home has a 12 month low of $51.18 and a 12 month high of $75.49. The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 8.78 and a beta of 2.01. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37.

Insiders Place Their Bets

In other Taylor Morrison Home news, Director William H. Lyon sold 9,075 shares of Taylor Morrison Home stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $72.08, for a total value of $654,126.00. Following the completion of the sale, the director now directly owns 2,136,241 shares in the company, valued at approximately $153,980,251.28. The trade was a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Taylor Morrison Home

A number of institutional investors have recently modified their holdings of TMHC. Entropy Technologies LP bought a new position in shares of Taylor Morrison Home during the fourth quarter valued at about $422,000. Empowered Funds LLC raised its position in Taylor Morrison Home by 0.9% in the fourth quarter. Empowered Funds LLC now owns 48,496 shares of the construction company’s stock worth $2,968,000 after acquiring an additional 449 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its position in Taylor Morrison Home by 19.4% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 36,900 shares of the construction company’s stock worth $2,259,000 after acquiring an additional 6,000 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in Taylor Morrison Home by 9.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,300 shares of the construction company’s stock worth $508,000 after acquiring an additional 700 shares during the period. Finally, Meritage Portfolio Management raised its position in Taylor Morrison Home by 12.3% in the fourth quarter. Meritage Portfolio Management now owns 12,615 shares of the construction company’s stock worth $772,000 after acquiring an additional 1,380 shares during the period. 95.16% of the stock is owned by institutional investors and hedge funds.

About Taylor Morrison Home

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 develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.