Allspring Global Investments Holdings LLC Sells 69,069 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

Allspring Global Investments Holdings LLC reduced its position in Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 8.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 777,201 shares of the construction company's stock after selling 69,069 shares during the period. Allspring Global Investments Holdings LLC owned about 0.75% of Taylor Morrison Home worth $47,068,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Assenagon Asset Management S.A. boosted its position in Taylor Morrison Home by 271.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 896,032 shares of the construction company's stock worth $62,955,000 after acquiring an additional 654,541 shares during the period. Vision Capital Corp acquired a new stake in shares of Taylor Morrison Home during the third quarter worth approximately $38,173,000. Charles Schwab Investment Management Inc. grew its position in Taylor Morrison Home by 26.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,362,020 shares of the construction company's stock valued at $95,696,000 after purchasing an additional 282,227 shares in the last quarter. Barclays PLC increased its stake in Taylor Morrison Home by 66.4% in the 3rd quarter. Barclays PLC now owns 420,419 shares of the construction company's stock valued at $29,539,000 after buying an additional 167,735 shares during the period. Finally, World Investment Advisors LLC purchased a new stake in Taylor Morrison Home in the 3rd quarter worth approximately $10,291,000. Institutional investors and hedge funds own 95.16% of the company's stock.

Insiders Place Their Bets

In other news, Director William H. Lyon sold 24,284 shares of Taylor Morrison Home stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the sale, the director now directly owns 2,045,316 shares in the company, valued at approximately $152,294,229.36. The trade was a 1.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.50% of the company's stock.

Taylor Morrison Home Stock Performance

TMHC traded up $0.16 during trading on Monday, hitting $64.11. The stock had a trading volume of 1,156,444 shares, compared to its average volume of 928,946. The company has a 50 day simple moving average of $63.43 and a 200-day simple moving average of $66.32. Taylor Morrison Home Co. has a 12 month low of $53.17 and a 12 month high of $75.49. The firm has a market cap of $6.63 billion, a PE ratio of 8.48 and a beta of 2.03. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The construction company reported $2.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. Analysts expect that Taylor Morrison Home Co. will post 8.44 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Seaport Res Ptn downgraded shares of Taylor Morrison Home from a "hold" rating to a "strong sell" rating in a research note on Monday, January 27th. Wolfe Research raised Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 target price on the stock in a research report on Wednesday, January 8th. Wedbush upgraded Taylor Morrison Home from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $65.00 to $85.00 in a report on Friday, October 25th. Barclays raised Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $75.00 to $90.00 in a research note on Wednesday, December 11th. Finally, Royal Bank of Canada raised their price objective on shares of Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $83.57.

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.