Taylor Morrison Home (NYSE:TMHC) Downgraded to “Strong Sell” Rating by Seaport Res Ptn

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 note issued to investors on Monday,Zacks.com reports.

A number of other research analysts have also commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, December 13th. Barclays upgraded shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $75.00 to $90.00 in a research report on Wednesday, December 11th. Raymond James reaffirmed an “outperform” rating and issued a $84.00 price objective (up from $81.00) on shares of Taylor Morrison Home in a research note on Tuesday, October 29th. Wedbush upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $65.00 to $85.00 in a report on Friday, October 25th. Finally, Royal Bank of Canada raised their price objective on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $84.00.

Taylor Morrison Home Trading Down 0.9 %

Taylor Morrison Home stock opened at $66.40 on Monday. Taylor Morrison Home has a one year low of $51.18 and a one year high of $75.49. The company has a market cap of $6.87 billion, a price-to-earnings ratio of 8.78 and a beta of 2.01. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69. The firm has a 50-day moving average of $65.53 and a 200-day moving average of $66.48.

Insider Activity

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 completion of the sale, the director now owns 2,045,316 shares in the company, valued at approximately $152,294,229.36. The trade was a 1.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Taylor Morrison Home

Large investors have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC purchased a new stake in shares of Taylor Morrison Home in the third quarter valued at about $29,000. Harbor Capital Advisors Inc. bought a new stake in shares of Taylor Morrison Home in the third quarter valued at $34,000. UMB Bank n.a. boosted its position in Taylor Morrison Home by 263.9% during the third quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock worth $38,000 after purchasing an additional 388 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its stake in Taylor Morrison Home by 43.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 806 shares of the construction company’s stock valued at $49,000 after buying an additional 243 shares in the last quarter. Finally, R Squared Ltd purchased a new position in shares of Taylor Morrison Home in the fourth quarter valued at $61,000. Institutional investors own 95.16% of the company’s stock.

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.