Taylor Morrison Home Co. (NYSE:TMHC) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 8.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 777,201 shares of the construction company’s stock after selling 69,069 shares during the period. Allspring Global Investments Holdings LLC owned about 0.75% of Taylor Morrison Home worth $47,068,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. State Street Corp raised its position in Taylor Morrison Home by 2.8% during the third quarter. State Street Corp now owns 4,987,968 shares of the construction company’s stock worth $350,455,000 after acquiring an additional 136,432 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Taylor Morrison Home by 3.5% during the third quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company’s stock worth $144,144,000 after buying an additional 69,222 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Taylor Morrison Home by 26.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company’s stock worth $95,696,000 after buying an additional 282,227 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Taylor Morrison Home by 2.5% during the third quarter. Fisher Asset Management LLC now owns 1,151,977 shares of the construction company’s stock worth $80,938,000 after buying an additional 28,166 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Taylor Morrison Home by 271.0% during the third quarter. Assenagon Asset Management S.A. now owns 896,032 shares of the construction company’s stock worth $62,955,000 after buying an additional 654,541 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TMHC has been the subject of a number of research reports. Wedbush raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $65.00 to $85.00 in a report on Friday, October 25th. Raymond James reaffirmed an “outperform” rating and set a $84.00 target price (up previously from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. JPMorgan Chase & Co. dropped 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 report on Friday, December 13th. 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. Finally, Barclays raised shares of Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $75.00 to $90.00 in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Taylor Morrison Home has a consensus rating of “Moderate Buy” and an average price target of $83.57.

Insiders Place Their Bets

In other Taylor Morrison Home news, Director William H. Lyon sold 24,284 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the completion of the transaction, the director now owns 2,045,316 shares of the company’s stock, valued at $152,294,229.36. This trade represents a 1.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.50% of the stock is currently owned by insiders.

Taylor Morrison Home Trading Down 0.7 %

Shares of TMHC opened at $63.98 on Friday. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. Taylor Morrison Home Co. has a 12-month low of $53.17 and a 12-month high of $75.49. The firm has a 50-day moving average price of $63.63 and a 200 day moving average price of $66.38. The firm has a market capitalization of $6.62 billion, a P/E ratio of 8.46 and a beta of 2.03.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. Sell-side analysts forecast that Taylor Morrison Home Co. will post 8.44 EPS for the current year.

Taylor Morrison Home Profile

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.