Allspring Global Investments Holdings LLC Trims Holdings in Taylor Morrison Home Corporation $TMHC

Allspring Global Investments Holdings LLC lowered its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC) by 1.7% in the fourth quarter, Holdings Channel reports. The firm owned 629,756 shares of the construction company’s stock after selling 10,650 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Taylor Morrison Home were worth $37,049,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. AlphaQuest LLC raised its stake in Taylor Morrison Home by 97.3% during the 3rd quarter. AlphaQuest LLC now owns 38,734 shares of the construction company’s stock valued at $2,557,000 after acquiring an additional 19,098 shares during the last quarter. Penn Capital Management Company LLC purchased a new position in Taylor Morrison Home during the third quarter worth about $13,201,000. Nordea Investment Management AB lifted its position in Taylor Morrison Home by 10.0% in the third quarter. Nordea Investment Management AB now owns 193,249 shares of the construction company’s stock valued at $12,689,000 after purchasing an additional 17,595 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in Taylor Morrison Home in the third quarter valued at about $2,088,000. Finally, Pacer Advisors Inc. purchased a new stake in Taylor Morrison Home in the 3rd quarter valued at approximately $1,357,000. 95.16% of the stock is owned by hedge funds and other institutional investors.

Taylor Morrison Home Stock Performance

NYSE:TMHC opened at $58.06 on Friday. The company has a current ratio of 7.31, a quick ratio of 1.55 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $5.59 billion, a P/E ratio of 7.48, a price-to-earnings-growth ratio of 8.01 and a beta of 1.58. The firm has a 50-day moving average price of $62.52 and a two-hundred day moving average price of $62.22. Taylor Morrison Home Corporation has a twelve month low of $51.90 and a twelve month high of $72.50.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Bank of America reiterated a “neutral” rating on shares of Taylor Morrison Home in a research report on Tuesday, March 3rd. Zacks Research cut Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Truist Financial assumed coverage on Taylor Morrison Home in a research note on Tuesday, March 3rd. They issued a “buy” rating and a $85.00 price target on the stock. Weiss Ratings cut shares of Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 20th. Finally, Barclays lowered 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 report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.29.

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.