Taylor Morrison Home (NYSE:TMHC) Receives Sell Rating from Seaport Research Partners

Seaport Research Partners reiterated their sell rating on shares of Taylor Morrison Home (NYSE:TMHC) in a research report report published on Tuesday, MarketBeat.com reports. The firm currently has a $49.00 price target on the construction company’s stock, down from their previous price target of $85.00.

TMHC has been the topic of several other research reports. Weiss Ratings lowered Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 20th. Royal Bank Of Canada upped their target price on Taylor Morrison Home from $62.00 to $68.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Citizens Jmp began coverage on shares of Taylor Morrison Home in a research note on Wednesday, January 7th. They set a “market outperform” rating and a $95.00 target price on the stock. Citigroup began coverage on shares of Taylor Morrison Home in a research note on Wednesday, January 7th. They set an “outperform” rating on the stock. Finally, Barclays cut their target price on shares of Taylor Morrison Home from $71.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Taylor Morrison Home presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.29.

Taylor Morrison Home Stock Down 4.6%

Shares of Taylor Morrison Home stock opened at $55.90 on Tuesday. Taylor Morrison Home has a one year low of $51.90 and a one year high of $72.50. The company has a debt-to-equity ratio of 0.36, a current ratio of 7.31 and a quick ratio of 1.55. The stock’s 50-day moving average is $62.26 and its 200 day moving average is $61.90. The firm has a market cap of $5.38 billion, a price-to-earnings ratio of 7.20, a PEG ratio of 7.97 and a beta of 1.58.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. ORG Partners LLC bought a new position in Taylor Morrison Home in the third quarter worth approximately $26,000. Root Financial Partners LLC bought a new position in shares of Taylor Morrison Home in the third quarter valued at $27,000. Miller Capital Partners Inc. bought a new position in shares of Taylor Morrison Home in the fourth quarter valued at $27,000. Pinnacle Holdings LLC bought a new position in shares of Taylor Morrison Home in the third quarter valued at $32,000. Finally, Brown Brothers Harriman & Co. bought a new position in shares of Taylor Morrison Home in the fourth quarter valued at $33,000. Institutional investors own 95.16% of the company’s stock.

About Taylor Morrison Home

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.