Allspring Global Investments Holdings LLC Sells 35,021 Shares of Taylor Morrison Home Corporation (NYSE:TMHC)

Allspring Global Investments Holdings LLC cut its stake in Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 4.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 742,180 shares of the construction company's stock after selling 35,021 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.73% of Taylor Morrison Home worth $44,976,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Diversified Trust Co bought a new stake in shares of Taylor Morrison Home in the first quarter worth approximately $448,000. Asset Management One Co. Ltd. bought a new stake in shares of Taylor Morrison Home in the first quarter worth approximately $1,254,000. State of Alaska Department of Revenue grew its stake in shares of Taylor Morrison Home by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 12,123 shares of the construction company's stock worth $727,000 after acquiring an additional 325 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Taylor Morrison Home by 17.5% in the first quarter. Janney Montgomery Scott LLC now owns 8,056 shares of the construction company's stock worth $484,000 after acquiring an additional 1,201 shares during the period. Finally, Ritholtz Wealth Management grew its stake in shares of Taylor Morrison Home by 3.3% in the first quarter. Ritholtz Wealth Management now owns 18,027 shares of the construction company's stock worth $1,082,000 after acquiring an additional 576 shares during the period. 95.16% of the stock is currently owned by institutional investors.

Taylor Morrison Home Price Performance

Shares of NYSE:TMHC opened at $61.37 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.45 and a quick ratio of 0.86. Taylor Morrison Home Corporation has a 1-year low of $51.90 and a 1-year high of $75.49. The company has a market capitalization of $6.16 billion, a P/E ratio of 7.14 and a beta of 1.57. The firm's 50 day simple moving average is $58.28 and its two-hundred day simple moving average is $60.20.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The construction company reported $2.18 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.33. Taylor Morrison Home had a net margin of 10.84% and a return on equity of 16.72%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the firm earned $1.75 earnings per share. The company's revenue for the quarter was up 11.5% on a year-over-year basis. Research analysts expect that Taylor Morrison Home Corporation will post 8.93 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on TMHC shares. BTIG Research set a $75.00 price target on shares of Taylor Morrison Home and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Bank of America started coverage on shares of Taylor Morrison Home in a report on Monday, May 5th. They issued a "buy" rating and a $70.00 price objective on the stock. Barclays set a $69.00 price objective on shares of Taylor Morrison Home and gave the stock an "overweight" rating in a report on Thursday, April 24th. Wall Street Zen downgraded shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. Finally, Seaport Res Ptn raised shares of Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Taylor Morrison Home presently has a consensus rating of "Moderate Buy" and an average price target of $76.88.

Taylor Morrison Home 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.

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