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

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

TMHC has been the subject of a number of other reports. StockNews.com lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Raymond James restated 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. Wolfe Research raised shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 target price for the company in a report on Wednesday, January 8th. Barclays upgraded Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $75.00 to $90.00 in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. decreased 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 note on Friday, December 13th. One equities 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $84.00.

Taylor Morrison Home Stock Down 0.9 %

Shares of NYSE:TMHC opened at $66.40 on Monday. 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 stock’s 50-day moving average price is $65.53 and its 200-day moving average price is $66.48. The stock has a market capitalization 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.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, Director William H. Lyon sold 24,284 shares of Taylor Morrison Home stock in a transaction on Monday, November 25th. The shares were sold at an average price of $74.46, for a total value of $1,808,186.64. Following the sale, the director now directly 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 legal filing with the SEC, which is accessible through this link. 3.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Taylor Morrison Home

Hedge funds have recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in Taylor Morrison Home in the third quarter worth $29,000. Harbor Capital Advisors Inc. purchased a new position in shares of Taylor Morrison Home during the third quarter valued at approximately $34,000. UMB Bank n.a. grew its position in Taylor Morrison Home by 263.9% in the 3rd quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock valued at $38,000 after acquiring an additional 388 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased 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 worth $49,000 after buying an additional 243 shares during the period. Finally, Peterson Financial Group Inc. purchased a new stake in shares of Taylor Morrison Home in the third quarter valued at approximately $62,000. 95.16% of the stock is currently 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.