Taylor Morrison Home (NYSE:TMHC) Rating Lowered 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 report released on Monday,Zacks.com reports.

Several other equities research analysts also recently issued reports on TMHC. StockNews.com downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Wedbush upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $65.00 to $85.00 in a research note on Friday, October 25th. Wolfe Research raised Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a report on Wednesday, January 8th. BTIG Research lifted their target price on Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $84.00.

Taylor Morrison Home Trading Down 0.9 %

NYSE TMHC opened at $66.40 on Monday. Taylor Morrison Home has a 52 week low of $51.18 and a 52 week high of $75.49. The stock has a market cap of $6.87 billion, a P/E 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. The company’s fifty day simple moving average is $65.53 and its 200-day simple moving average is $66.48.

Insider Buying and Selling at Taylor Morrison Home

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 sale, the director now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.50% of the stock is owned by corporate insiders.

Institutional Trading of Taylor Morrison Home

A number of hedge funds have recently made changes to their positions in the stock. Creative Planning lifted its holdings in shares of Taylor Morrison Home by 21.1% during the 2nd 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 last quarter. Cetera Investment Advisers increased its stake in shares of Taylor Morrison Home by 38.6% during the 2nd quarter. Cetera Investment Advisers now owns 25,446 shares of the construction company’s stock worth $1,411,000 after purchasing an additional 7,086 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Taylor Morrison Home during the 2nd quarter valued at $766,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Taylor Morrison Home in the 2nd quarter valued at $168,000. Finally, SG Americas Securities LLC boosted its stake 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 in the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

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.