Seaport Research Partners Reiterates “Sell” Rating for Taylor Morrison Home (NYSE:TMHC)

Taylor Morrison Home (NYSE:TMHC)‘s stock had its “sell” rating reissued by analysts at Seaport Research Partners in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $49.00 price objective on the construction company’s stock, down from their previous price objective of $85.00. Seaport Research Partners’ target price suggests a potential downside of 16.33% from the company’s previous close.

Several other equities analysts have also issued reports on TMHC. Truist Financial began coverage on shares of Taylor Morrison Home in a report on Tuesday, March 3rd. They issued a “buy” rating and a $85.00 price target on the stock. Citizens Jmp assumed coverage on shares of Taylor Morrison Home in a report on Wednesday, January 7th. They set a “market outperform” rating and a $95.00 price objective on the stock. Weiss Ratings lowered shares of Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 20th. Zacks Research lowered shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Finally, Citigroup assumed coverage on shares of Taylor Morrison Home in a report on Wednesday, January 7th. They set an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $78.29.

Taylor Morrison Home Price Performance

NYSE TMHC opened at $58.56 on Tuesday. The firm’s fifty day simple moving average is $62.37 and its two-hundred day simple moving average is $61.98. The company has a current ratio of 7.31, a quick ratio of 1.55 and a debt-to-equity ratio of 0.36. Taylor Morrison Home has a 12-month low of $51.90 and a 12-month high of $72.50. The firm has a market capitalization of $5.64 billion, a P/E ratio of 7.55, a P/E/G ratio of 7.97 and a beta of 1.58.

Institutional Investors Weigh In On Taylor Morrison Home

A number of large investors have recently made changes to their positions in the stock. Hsbc Holdings PLC grew its holdings in shares of Taylor Morrison Home by 108.9% during the fourth quarter. Hsbc Holdings PLC now owns 386,723 shares of the construction company’s stock valued at $22,793,000 after buying an additional 201,569 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in Taylor Morrison Home by 68.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,507 shares of the construction company’s stock valued at $148,000 after purchasing an additional 1,023 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in Taylor Morrison Home by 5,510.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,310 shares of the construction company’s stock valued at $195,000 after purchasing an additional 3,251 shares during the period. Pacer Advisors Inc. lifted its position in Taylor Morrison Home by 1,772.2% during the fourth quarter. Pacer Advisors Inc. now owns 384,952 shares of the construction company’s stock valued at $22,662,000 after purchasing an additional 364,391 shares during the period. Finally, T. Rowe Price Investment Management Inc. lifted its position in Taylor Morrison Home by 2.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,398,394 shares of the construction company’s stock valued at $141,194,000 after purchasing an additional 60,236 shares during the period. 95.16% of the stock is owned by hedge funds and other institutional investors.

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.