Allspring Global Investments Holdings LLC Reduces Position in Taylor Morrison Home Co. (NYSE:TMHC)

Allspring Global Investments Holdings LLC cut its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 7.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,037 shares of the construction company’s stock after selling 1,265 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Taylor Morrison Home were worth $782,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. bought a new position in Taylor Morrison Home in the first quarter valued at about $466,000. HighTower Advisors LLC lifted its holdings in Taylor Morrison Home by 7.9% in the first quarter. HighTower Advisors LLC now owns 9,902 shares of the construction company’s stock valued at $269,000 after acquiring an additional 729 shares during the period. Natixis Advisors L.P. bought a new position in Taylor Morrison Home in the first quarter valued at about $309,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Taylor Morrison Home by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 45,038 shares of the construction company’s stock valued at $1,226,000 after acquiring an additional 4,294 shares during the period. Finally, Great West Life Assurance Co. Can lifted its holdings in Taylor Morrison Home by 9.4% in the first quarter. Great West Life Assurance Co. Can now owns 68,917 shares of the construction company’s stock valued at $1,930,000 after acquiring an additional 5,933 shares during the period. 95.32% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Sheryl Palmer sold 112,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $46.01, for a total transaction of $5,176,125.00. Following the completion of the sale, the chief executive officer now directly owns 399,942 shares in the company, valued at $18,401,331.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.50% of the stock is owned by company insiders.

Taylor Morrison Home Stock Down 1.3 %

Taylor Morrison Home stock opened at $42.14 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.78 and a quick ratio of 0.97. Taylor Morrison Home Co. has a 12 month low of $26.41 and a 12 month high of $52.09. The stock has a market capitalization of $4.53 billion, a PE ratio of 5.33 and a beta of 1.79. The business has a 50 day simple moving average of $42.49 and a 200-day simple moving average of $44.90.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TMHC shares. Barclays decreased their price objective on Taylor Morrison Home from $55.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 12th. Royal Bank of Canada decreased their price objective on Taylor Morrison Home from $49.00 to $43.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 26th. StockNews.com downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Credit Suisse Group lifted their target price on Taylor Morrison Home from $47.00 to $56.00 in a research note on Thursday, July 27th. Finally, Seaport Res Ptn upgraded Taylor Morrison Home from a “neutral” rating to a “buy” rating in a report on Friday, November 3rd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $49.42.

Taylor Morrison Home Company 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 also develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name; and offers title insurance and closing settlement services, as well as financial services.