Taylor Morrison Home (NYSE:TMHC) Cut to “Sell” at Seaport Research Partners

Seaport Research Partners cut shares of Taylor Morrison Home (NYSE:TMHC) from a buy rating to a sell rating in a report issued on Monday morning, MarketBeat reports. The firm currently has $49.00 price objective on the construction company’s stock, down from their previous price objective of $85.00.

TMHC has been the subject of a number of other research reports. Truist Financial began coverage on Taylor Morrison Home in a research report on Tuesday, March 3rd. They issued a “buy” rating and a $85.00 price target for the company. Citigroup began coverage on Taylor Morrison Home in a research report on Wednesday, January 7th. They issued an “outperform” rating for the company. Royal Bank Of Canada upped their price target on Taylor Morrison Home from $62.00 to $68.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Citizens Jmp assumed coverage on Taylor Morrison Home in a research report on Wednesday, January 7th. They set a “market outperform” rating and a $95.00 target price for the company. Finally, Weiss Ratings cut Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $78.00.

Taylor Morrison Home Stock Performance

Shares of TMHC opened at $59.08 on Monday. The company has a quick ratio of 1.55, a current ratio of 7.31 and a debt-to-equity ratio of 0.36. The business has a 50-day simple moving average of $62.22 and a two-hundred day simple moving average of $61.88. The stock has a market cap of $5.69 billion, a price-to-earnings ratio of 7.61, a PEG ratio of 7.97 and a beta of 1.58. Taylor Morrison Home has a 52 week low of $51.90 and a 52 week high of $72.50.

Institutional Trading of Taylor Morrison Home

Institutional investors have recently made changes to their positions in the business. AlphaQuest LLC lifted its stake in shares of Taylor Morrison Home by 97.3% in the 3rd quarter. AlphaQuest LLC now owns 38,734 shares of the construction company’s stock valued at $2,557,000 after purchasing an additional 19,098 shares during the last quarter. Penn Capital Management Company LLC bought a new stake in shares of Taylor Morrison Home during the 3rd quarter worth approximately $13,201,000. Nordea Investment Management AB lifted its stake in shares of Taylor Morrison Home by 10.0% during the 3rd quarter. Nordea Investment Management AB now owns 193,249 shares of the construction company’s stock worth $12,689,000 after acquiring an additional 17,595 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Taylor Morrison Home during the 3rd quarter worth approximately $2,088,000. Finally, Pacer Advisors Inc. bought a new stake in shares of Taylor Morrison Home during the 3rd quarter worth approximately $1,357,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company’s portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company’s heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.