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

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

Several other equities analysts have also recently commented on TMHC. Royal Bank of Canada boosted their price objective on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Barclays raised shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $75.00 to $90.00 in a research note on Wednesday, December 11th. Wolfe Research raised shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price target for the company in a research note on Wednesday, January 8th. Raymond James reissued an “outperform” rating and issued a $84.00 price target (up previously from $81.00) on shares of Taylor Morrison Home in a research note on Tuesday, October 29th. Finally, StockNews.com cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $84.00.

Taylor Morrison Home Price Performance

Shares of NYSE:TMHC opened at $66.40 on Monday. The company has a 50 day moving average of $65.53 and a 200 day moving average of $66.48. The stock has a market cap of $6.87 billion, a P/E ratio of 8.78 and a beta of 2.01. Taylor Morrison Home has a 12 month low of $51.18 and a 12 month high of $75.49. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37.

Insider Buying and Selling

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

Institutional Trading of Taylor Morrison Home

A number of hedge funds have recently added to or reduced their stakes in the business. Entropy Technologies LP purchased a new stake in shares of Taylor Morrison Home during the fourth quarter valued at about $422,000. Empowered Funds LLC increased its holdings in Taylor Morrison Home by 0.9% in the 4th quarter. Empowered Funds LLC now owns 48,496 shares of the construction company’s stock worth $2,968,000 after buying an additional 449 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Taylor Morrison Home by 19.4% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 36,900 shares of the construction company’s stock worth $2,259,000 after buying an additional 6,000 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in Taylor Morrison Home by 9.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,300 shares of the construction company’s stock worth $508,000 after buying an additional 700 shares during the period. Finally, Meritage Portfolio Management increased its holdings in Taylor Morrison Home by 12.3% in the 4th quarter. Meritage Portfolio Management now owns 12,615 shares of the construction company’s stock worth $772,000 after buying an additional 1,380 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.