Taylor Morrison Home (NYSE:TMHC) Cut to “Strong Sell” at Seaport Res Ptn

Seaport Res Ptn downgraded shares of Taylor Morrison Home (NYSE:TMHC) from a hold rating to a strong sell rating in a research note issued to investors on Monday morning,Zacks.com reports.

Several other equities research analysts have also recently weighed in on the company. Royal Bank of Canada boosted their target price on Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. BTIG Research boosted their price objective on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Wedbush raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $65.00 to $85.00 in a research report on Friday, October 25th. 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 report 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.00.

Taylor Morrison Home Stock Down 3.2 %

Taylor Morrison Home stock opened at $64.36 on Monday. The stock’s fifty day moving average is $65.53 and its two-hundred day moving average is $66.48. The stock has a market cap of $6.66 billion, a PE ratio of 8.51 and a beta of 2.01. Taylor Morrison Home has a 1-year low of $51.18 and a 1-year high of $75.49. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69.

Insider Buying and Selling

In other news, Director William H. Lyon sold 24,284 shares of Taylor Morrison Home stock in a transaction on Monday, November 25th. The stock was sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the completion of the transaction, the director now owns 2,045,316 shares of the company’s stock, valued at $152,294,229.36. The trade was a 1.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 3.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Taylor Morrison Home

Several hedge funds have recently added to or reduced their stakes in TMHC. MQS Management LLC purchased a new stake in shares of Taylor Morrison Home in the third quarter valued at $768,000. Lord Abbett & CO. LLC lifted its holdings in Taylor Morrison Home by 2.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 463,287 shares of the construction company’s stock valued at $32,550,000 after purchasing an additional 11,302 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Taylor Morrison Home by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock valued at $144,144,000 after purchasing an additional 69,222 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Taylor Morrison Home during the 3rd quarter worth about $1,899,000. Finally, Sheets Smith Wealth Management purchased a new stake in shares of Taylor Morrison Home during the fourth quarter worth about $550,000. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Taylor Morrison Home Company Profile

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.