Taylor Morrison Home (NYSE:TMHC) Lowered to Strong Sell Rating by 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 report published on Monday,Zacks.com reports.

A number of other research analysts have also commented on TMHC. Wedbush upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $65.00 to $85.00 in a research note on Friday, October 25th. JPMorgan Chase & Co. reduced their price objective on Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, December 13th. Barclays upgraded Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $75.00 to $90.00 in a research note on Wednesday, December 11th. StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, BTIG Research boosted their price objective on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $84.00.

Taylor Morrison Home Stock Performance

Shares of TMHC opened at $66.40 on Monday. The company’s 50 day simple moving average is $65.53 and its 200-day simple moving average 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 cap of $6.87 billion, a PE 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 related news, Director William H. Lyon sold 9,075 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $72.08, for a total value of $654,126.00. Following the sale, the director now directly owns 2,136,241 shares of the company’s stock, valued at approximately $153,980,251.28. This represents a 0.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Creative Planning lifted its stake in shares of Taylor Morrison Home by 21.1% during the second quarter. Creative Planning now owns 20,315 shares of the construction company’s stock valued at $1,126,000 after buying an additional 3,533 shares during the period. Cetera Investment Advisers boosted its stake in Taylor Morrison Home by 38.6% in the 2nd quarter. Cetera Investment Advisers now owns 25,446 shares of the construction company’s stock worth $1,411,000 after buying an additional 7,086 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in Taylor Morrison Home in the 2nd quarter valued at about $766,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Taylor Morrison Home during the 2nd quarter valued at about $168,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Taylor Morrison Home by 121.6% during the 3rd quarter. SG Americas Securities LLC now owns 5,327 shares of the construction company’s stock worth $374,000 after acquiring an additional 2,923 shares during the period. 95.16% of the stock is 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.