Allspring Global Investments Holdings LLC Sells 2,489 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Allspring Global Investments Holdings LLC decreased its position in Taylor Morrison Home Co. (NYSE:TMHCGet Rating) by 12.5% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 17,378 shares of the construction company’s stock after selling 2,489 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Taylor Morrison Home were worth $405,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Xponance Inc. increased its position in shares of Taylor Morrison Home by 2.9% during the 2nd quarter. Xponance Inc. now owns 18,333 shares of the construction company’s stock worth $428,000 after purchasing an additional 523 shares during the last quarter. Centaurus Financial Inc. increased its position in shares of Taylor Morrison Home by 1.7% during the 1st quarter. Centaurus Financial Inc. now owns 32,004 shares of the construction company’s stock worth $871,000 after purchasing an additional 542 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Taylor Morrison Home by 0.7% during the 2nd quarter. Victory Capital Management Inc. now owns 83,909 shares of the construction company’s stock worth $1,960,000 after purchasing an additional 573 shares during the last quarter. Assetmark Inc. increased its position in shares of Taylor Morrison Home by 119.6% during the 2nd quarter. Assetmark Inc. now owns 1,221 shares of the construction company’s stock worth $29,000 after purchasing an additional 665 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in shares of Taylor Morrison Home by 7.9% during the 1st quarter. HighTower Advisors LLC now owns 9,902 shares of the construction company’s stock worth $269,000 after purchasing an additional 729 shares during the last quarter. Institutional investors own 96.33% of the company’s stock.

Taylor Morrison Home Stock Performance

Shares of NYSE TMHC opened at $33.40 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 5.24 and a quick ratio of 0.57. The stock’s fifty day moving average price is $30.80 and its two-hundred day moving average price is $27.68. Taylor Morrison Home Co. has a one year low of $20.05 and a one year high of $34.02. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of 3.80 and a beta of 1.67.

Taylor Morrison Home (NYSE:TMHCGet Rating) last issued its quarterly earnings data on Wednesday, October 26th. The construction company reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.50 by $0.22. Taylor Morrison Home had a return on equity of 24.70% and a net margin of 12.75%. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.18 billion. On average, equities analysts forecast that Taylor Morrison Home Co. will post 9.39 EPS for the current year.

Insider Activity

In other news, Director David C. Merritt sold 8,737 shares of the company’s stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $32.00, for a total transaction of $279,584.00. Following the completion of the sale, the director now directly owns 2,402 shares in the company, valued at approximately $76,864. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director David C. Merritt sold 8,737 shares of the company’s stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $32.00, for a total transaction of $279,584.00. Following the completion of the sale, the director now directly owns 2,402 shares in the company, valued at approximately $76,864. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Darrell Sherman sold 8,782 shares of the company’s stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $32.31, for a total value of $283,746.42. Following the sale, the executive vice president now owns 100,506 shares of the company’s stock, valued at $3,247,348.86. The disclosure for this sale can be found here. In the last three months, insiders sold 17,819 shares of company stock worth $573,530. 5.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on TMHC shares. StockNews.com raised Taylor Morrison Home from a “hold” rating to a “buy” rating in a report on Tuesday, January 10th. BTIG Research lowered Taylor Morrison Home from a “buy” rating to a “neutral” rating in a report on Thursday, October 27th. TheStreet lowered Taylor Morrison Home from a “b-” rating to a “c+” rating in a report on Tuesday, September 27th. JPMorgan Chase & Co. boosted their target price on Taylor Morrison Home from $29.50 to $39.50 in a report on Tuesday, November 22nd. Finally, B. Riley decreased their target price on Taylor Morrison Home from $26.00 to $25.00 in a report on Thursday, October 27th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Taylor Morrison Home has a consensus rating of “Hold” and an average target price of $32.36.

Taylor Morrison Home Company Profile

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Taylor Morrison Home Corp. engages in the business of residential homebuilding and the development of lifestyle communities. It operates through the following segments: East, Central, West, and Financial Services. The East segment includes operations in Atlanta, Charlotte, Chicago, Orlando, Raleigh, Southwest Florida, and Tampa regions.

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Institutional Ownership by Quarter for Taylor Morrison Home (NYSE:TMHC)

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