Allspring Global Investments Holdings LLC Has $755,000 Stock Holdings in Taylor Morrison Home Co. (NYSE:TMHC)

Allspring Global Investments Holdings LLC decreased its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 12.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,155 shares of the construction company’s stock after selling 2,035 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Taylor Morrison Home were worth $755,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Nordea Investment Management AB increased its position in Taylor Morrison Home by 30.4% during the 4th quarter. Nordea Investment Management AB now owns 108,431 shares of the construction company’s stock worth $5,823,000 after buying an additional 25,250 shares during the period. Teachers Retirement System of The State of Kentucky increased its position in Taylor Morrison Home by 89.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 38,103 shares of the construction company’s stock worth $1,623,000 after buying an additional 17,986 shares during the period. TFB Advisors LLC bought a new position in Taylor Morrison Home during the 4th quarter worth $207,000. Rhumbline Advisers increased its position in Taylor Morrison Home by 0.3% during the 3rd quarter. Rhumbline Advisers now owns 388,101 shares of the construction company’s stock worth $16,537,000 after buying an additional 1,053 shares during the period. Finally, Raymond James & Associates increased its position in Taylor Morrison Home by 91.9% during the 3rd quarter. Raymond James & Associates now owns 51,591 shares of the construction company’s stock worth $2,198,000 after buying an additional 24,701 shares during the period. Institutional investors and hedge funds own 95.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Zelman & Associates upgraded Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research report on Friday, April 12th. Royal Bank of Canada raised their price target on Taylor Morrison Home from $57.00 to $61.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Barclays raised their price target on Taylor Morrison Home from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. Finally, Seaport Res Ptn cut Taylor Morrison Home from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Taylor Morrison Home currently has a consensus rating of “Hold” and a consensus target price of $57.20.

Taylor Morrison Home Stock Performance

Shares of TMHC stock opened at $56.32 on Thursday. The business’s 50-day moving average price is $57.45 and its 200-day moving average price is $51.17. The company has a current ratio of 6.00, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $5.99 billion, a price-to-earnings ratio of 8.07 and a beta of 1.87. Taylor Morrison Home Co. has a 12 month low of $37.23 and a 12 month high of $62.64.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, February 14th. The construction company reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.23. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.85 billion. Taylor Morrison Home had a return on equity of 16.21% and a net margin of 10.37%. The firm’s quarterly revenue was down 19.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.93 earnings per share. Equities research analysts forecast that Taylor Morrison Home Co. will post 7.29 EPS for the current year.

Insider Buying and Selling

In related news, Director William H. Lyon sold 20,896 shares of Taylor Morrison Home stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $56.01, for a total value of $1,170,384.96. Following the transaction, the director now directly owns 2,837,020 shares of the company’s stock, valued at $158,901,490.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Taylor Morrison Home news, Director William H. Lyon sold 153,000 shares of Taylor Morrison Home stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $62.32, for a total value of $9,534,960.00. Following the completion of the sale, the director now directly owns 40,570 shares in the company, valued at $2,528,322.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William H. Lyon sold 20,896 shares of Taylor Morrison Home stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $56.01, for a total value of $1,170,384.96. Following the completion of the sale, the director now owns 2,837,020 shares of the company’s stock, valued at $158,901,490.20. The disclosure for this sale can be found here. Insiders have sold a total of 613,537 shares of company stock valued at $36,409,767 over the last ninety days. 5.20% of the stock is owned by company insiders.

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 develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.