Taylor Morrison Home Corporation $TMHC Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 4.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 640,406 shares of the construction company’s stock after selling 27,684 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Taylor Morrison Home were worth $42,997,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Hantz Financial Services Inc. raised its position in shares of Taylor Morrison Home by 1.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 12,341 shares of the construction company’s stock worth $758,000 after purchasing an additional 165 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in Taylor Morrison Home by 13.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,654 shares of the construction company’s stock worth $102,000 after buying an additional 190 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Taylor Morrison Home by 2.2% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,400 shares of the construction company’s stock valued at $577,000 after acquiring an additional 200 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Taylor Morrison Home by 29.9% in the second quarter. Parallel Advisors LLC now owns 882 shares of the construction company’s stock valued at $54,000 after acquiring an additional 203 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Taylor Morrison Home by 30.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 899 shares of the construction company’s stock valued at $55,000 after acquiring an additional 211 shares in the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

NYSE:TMHC opened at $58.86 on Friday. The company’s 50-day moving average is $60.38 and its two-hundred day moving average is $63.14. Taylor Morrison Home Corporation has a 1-year low of $51.90 and a 1-year high of $72.50. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.02 and a quick ratio of 1.02. The firm has a market capitalization of $5.75 billion, a price-to-earnings ratio of 7.09 and a beta of 1.59.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings data on Wednesday, October 22nd. The construction company reported $2.11 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.18. Taylor Morrison Home had a return on equity of 15.23% and a net margin of 10.16%.The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the business posted $2.40 earnings per share. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. Analysts forecast that Taylor Morrison Home Corporation will post 8.93 EPS for the current year.

Analyst Ratings Changes

Several analysts recently commented on TMHC shares. Royal Bank Of Canada dropped their price target on Taylor Morrison Home from $75.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday, October 23rd. Wedbush reaffirmed an “outperform” rating and set a $85.00 target price on shares of Taylor Morrison Home in a report on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Taylor Morrison Home in a research report on Monday. Barclays restated an “overweight” rating and set a $71.00 price target on shares of Taylor Morrison Home in a research report on Monday, December 8th. Finally, Zacks Research upgraded shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $75.57.

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.