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

Allspring Global Investments Holdings LLC lowered its position in Taylor Morrison Home Corporation (NYSE:TMHC) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 owned about 0.64% of Taylor Morrison Home worth $37,049,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ORG Partners LLC acquired a new position in shares of Taylor Morrison Home in the 3rd quarter worth approximately $26,000. Root Financial Partners LLC purchased a new position in shares of Taylor Morrison Home during the third quarter worth $27,000. Pinnacle Holdings LLC purchased a new position in Taylor Morrison Home during the 3rd quarter valued at about $32,000. Huntington National Bank boosted its holdings in Taylor Morrison Home by 2,074.1% during the 3rd quarter. Huntington National Bank now owns 587 shares of the construction company’s stock valued at $39,000 after acquiring an additional 560 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Taylor Morrison Home in the 3rd quarter valued at about $49,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Stock Performance

Shares of TMHC opened at $58.06 on Friday. The company has a market capitalization of $5.59 billion, a price-to-earnings ratio of 7.48, a price-to-earnings-growth ratio of 8.01 and a beta of 1.58. Taylor Morrison Home Corporation has a 52-week low of $51.90 and a 52-week high of $72.50. The company has a quick ratio of 1.55, a current ratio of 7.31 and a debt-to-equity ratio of 0.36. The stock has a 50 day moving average price of $62.52 and a 200 day moving average price of $62.22.

Wall Street Analysts Forecast Growth

TMHC has been the subject of a number of research reports. Zacks Research cut shares of 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 objective on the stock. Royal Bank Of Canada lifted their target price on Taylor Morrison Home from $62.00 to $68.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Barclays lowered their target price on Taylor Morrison Home from $71.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. Finally, Weiss Ratings downgraded shares of Taylor Morrison Home from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $78.29.

Taylor Morrison Home 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.