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 research note published on Monday morning,Zacks.com reports.

Other analysts have also recently issued reports about the stock. 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. Raymond James restated an “outperform” rating and set a $84.00 price target (up from $81.00) on shares of Taylor Morrison Home in a research note on Tuesday, October 29th. BTIG Research lifted their price objective 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. JPMorgan Chase & Co. dropped their target price on shares of Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, December 13th. Finally, Wedbush upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and raised their price target for the company from $65.00 to $85.00 in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $84.00.

Taylor Morrison Home Price Performance

Taylor Morrison Home stock opened at $64.36 on Monday. 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 quick ratio of 0.69 and a current ratio of 6.24. The firm has a 50 day moving average price of $65.53 and a 200 day moving average price of $66.48. The company has a market cap of $6.66 billion, a price-to-earnings ratio of 8.51 and a beta of 2.01.

Insider Buying and Selling

In other news, Director William H. Lyon sold 24,284 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 2,045,316 shares in the company, valued at $152,294,229.36. This trade represents a 1.17 % decrease in their ownership of the stock. 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 corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TMHC. Savant Capital LLC boosted its stake in Taylor Morrison Home by 5.3% during the 4th quarter. Savant Capital LLC now owns 5,012 shares of the construction company’s stock valued at $307,000 after acquiring an additional 251 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of Taylor Morrison Home in the 4th quarter valued at about $422,000. Empowered Funds LLC lifted its position in shares of Taylor Morrison Home by 0.9% during the fourth quarter. Empowered Funds LLC now owns 48,496 shares of the construction company’s stock worth $2,968,000 after purchasing an additional 449 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its stake 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 purchasing an additional 6,000 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake 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 purchasing an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

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.