Taylor Morrison Home (NYSE:TMHC) Downgraded by Seaport Research Partners to "Strong Sell"

Key Points

• Seaport Research Partners has downgraded Taylor Morrison Home (NYSE:TMHC) from a "strong-buy" to a "strong sell" in a research note issued Monday.
• Despite that downgrade, the analyst consensus remains a Moderate Buy with an average price target of $78.29 (1 Strong Buy, 6 Buy, 2 Hold, 1 Sell).
• Shares trade around $55.90 (12‑month range $51.90–$72.50) with a market cap of $5.38B and a PE of 7.2, and roughly 95% of the stock is owned by institutional investors who have recently increased positions.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) was downgraded by investment analysts at Seaport Research Partners from a "strong-buy" rating to a "strong sell" rating in a research note issued to investors on Monday,Zacks.com reports.

Several other brokerages have also recently issued reports on TMHC. Bank of America restated a "neutral" rating on shares of Taylor Morrison Home in a research note on Tuesday, March 3rd. Zacks Research cut Taylor Morrison Home from a "hold" rating to a "strong sell" rating in a research note on Thursday, January 22nd. Truist Financial assumed coverage on Taylor Morrison Home in a research note on Tuesday, March 3rd. They set a "buy" rating and a $85.00 price objective on the stock. Barclays dropped their target price on Taylor Morrison Home from $71.00 to $70.00 and set an "overweight" rating on the stock in a research report on Thursday, February 12th. Finally, Citigroup assumed coverage on Taylor Morrison Home in a research report on Wednesday, January 7th. They issued an "outperform" rating on the stock. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $78.29.

Taylor Morrison Home Stock Performance

Shares of TMHC opened at $55.90 on Monday. The business's fifty day moving average price is $62.26 and its 200 day moving average price is $61.90. Taylor Morrison Home has a 12-month low of $51.90 and a 12-month high of $72.50. The stock has a market capitalization of $5.38 billion, a PE ratio of 7.20, a price-to-earnings-growth ratio of 7.97 and a beta of 1.58. The company has a debt-to-equity ratio of 0.36, a current ratio of 7.31 and a quick ratio of 1.55.

Institutional Investors Weigh In On Taylor Morrison Home

Several large investors have recently added to or reduced their stakes in TMHC. AQR Capital Management LLC increased its position in Taylor Morrison Home by 67.6% in the fourth quarter. AQR Capital Management LLC now owns 3,710,885 shares of the construction company's stock worth $218,274,000 after buying an additional 1,497,329 shares during the period. Norges Bank acquired a new stake in Taylor Morrison Home in the fourth quarter worth $84,994,000. M&T Bank Corp increased its position in Taylor Morrison Home by 28,246.3% in the fourth quarter. M&T Bank Corp now owns 1,058,169 shares of the construction company's stock worth $62,294,000 after buying an additional 1,054,436 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Taylor Morrison Home by 360.1% during the third quarter. Alliancebernstein L.P. now owns 1,284,221 shares of the construction company's stock valued at $84,771,000 after purchasing an additional 1,005,116 shares during the period. Finally, Freestone Grove Partners LP acquired a new position in shares of Taylor Morrison Home during the third quarter valued at $56,894,000. 95.16% of the stock is owned by institutional investors and hedge funds.

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.

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